The Hershey Company (NYSE:HSY) Shares Sold by Terril Brothers Inc.

Terril Brothers Inc. lowered its position in The Hershey Company (NYSE:HSY) by 0.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,946 shares of the company’s stock after selling 140 shares during the period. Hershey makes up about 1.7% of Terril Brothers Inc.’s investment portfolio, making the stock its 16th biggest position. Terril Brothers Inc.’s holdings in Hershey were worth $4,770,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HSY. Capital Advisors Ltd. LLC grew its holdings in Hershey by 218.2% in the second quarter. Capital Advisors Ltd. LLC now owns 140 shares of the company’s stock valued at $26,000 after purchasing an additional 96 shares during the last quarter. GHP Investment Advisors Inc. raised its stake in shares of Hershey by 55.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 155 shares of the company’s stock worth $28,000 after buying an additional 55 shares during the last quarter. Riverview Trust Co purchased a new stake in shares of Hershey in the 1st quarter worth about $29,000. OFI Invest Asset Management acquired a new stake in Hershey in the 2nd quarter valued at about $29,000. Finally, Quarry LP purchased a new position in Hershey during the 4th quarter valued at about $34,000. 57.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on HSY. Bank of America reduced their price target on shares of Hershey from $210.00 to $200.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Barclays lowered their target price on Hershey from $210.00 to $204.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 18th. Citigroup cut Hershey from a “neutral” rating to a “sell” rating and cut their price target for the stock from $195.00 to $182.00 in a report on Tuesday, August 27th. Argus lowered Hershey from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Hershey from $191.00 to $199.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $203.21.

Insider Buying and Selling at Hershey

In other news, CFO Steven E. Voskuil sold 1,500 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of $182.93, for a total value of $274,395.00. Following the completion of the sale, the chief financial officer now owns 35,728 shares of the company’s stock, valued at $6,535,723.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Steven E. Voskuil sold 1,500 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $182.93, for a total transaction of $274,395.00. Following the completion of the sale, the chief financial officer now directly owns 35,728 shares of the company’s stock, valued at approximately $6,535,723.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Jennifer Mccalman sold 538 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $199.17, for a total value of $107,153.46. Following the completion of the sale, the chief accounting officer now owns 3,238 shares of the company’s stock, valued at $644,912.46. The disclosure for this sale can be found here. Insiders have sold a total of 3,538 shares of company stock valued at $667,793 over the last ninety days. Corporate insiders own 0.34% of the company’s stock.

Hershey Stock Down 0.0 %

Shares of HSY opened at $200.81 on Tuesday. The Hershey Company has a fifty-two week low of $178.82 and a fifty-two week high of $213.72. The company’s fifty day moving average is $195.43 and its two-hundred day moving average is $193.83. The firm has a market cap of $40.61 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 5.77 and a beta of 0.37. The company has a quick ratio of 0.48, a current ratio of 0.86 and a debt-to-equity ratio of 0.87.

Hershey (NYSE:HSY) last posted its quarterly earnings results on Thursday, August 1st. The company reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.17). The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Hershey had a net margin of 16.76% and a return on equity of 45.36%. Hershey’s revenue was down 16.7% on a year-over-year basis. During the same period last year, the firm posted $2.01 EPS. Analysts forecast that The Hershey Company will post 9.5 earnings per share for the current year.

Hershey Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 16th were issued a $1.37 dividend. The ex-dividend date was Friday, August 16th. This represents a $5.48 annualized dividend and a yield of 2.73%. Hershey’s payout ratio is 54.31%.

About Hershey

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.