Cornell Pochily Investment Advisors Inc. Acquires New Position in The Hershey Company (NYSE:HSY)

Cornell Pochily Investment Advisors Inc. acquired a new position in shares of The Hershey Company (NYSE:HSY) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,635 shares of the company’s stock, valued at approximately $314,000.

A number of other large investors have also recently bought and sold shares of HSY. Capital Advisors Ltd. LLC lifted its holdings in shares of Hershey by 218.2% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 140 shares of the company’s stock worth $26,000 after purchasing an additional 96 shares during the last quarter. GHP Investment Advisors Inc. increased its holdings in shares of Hershey by 55.0% during the second quarter. GHP Investment Advisors Inc. now owns 155 shares of the company’s stock valued at $28,000 after purchasing an additional 55 shares during the period. Riverview Trust Co bought a new stake in shares of Hershey during the first quarter valued at about $29,000. OFI Invest Asset Management acquired a new stake in Hershey in the second quarter worth about $29,000. Finally, Quarry LP bought a new position in Hershey in the 4th quarter valued at about $34,000. Institutional investors own 57.96% of the company’s stock.

Insider Buying and Selling at Hershey

In other news, CAO Jennifer Mccalman sold 538 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $199.17, for a total transaction of $107,153.46. Following the transaction, the chief accounting officer now owns 3,238 shares in the company, valued at approximately $644,912.46. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Hershey news, CFO Steven E. Voskuil sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $190.83, for a total transaction of $286,245.00. Following the completion of the sale, the chief financial officer now owns 34,228 shares of the company’s stock, valued at $6,531,729.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jennifer Mccalman sold 538 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 3,238 shares in the company, valued at approximately $644,912.46. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.34% of the company’s stock.

Hershey Trading Up 0.0 %

Shares of NYSE:HSY opened at $186.04 on Tuesday. The firm has a fifty day moving average of $195.28 and a two-hundred day moving average of $193.46. The company has a quick ratio of 0.48, a current ratio of 0.86 and a debt-to-equity ratio of 0.87. The Hershey Company has a 12-month low of $178.82 and a 12-month high of $211.92. The firm has a market capitalization of $37.62 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 5.44 and a beta of 0.37.

Hershey (NYSE:HSY) last released its quarterly earnings data 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). Hershey had a net margin of 16.76% and a return on equity of 45.36%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same period in the previous year, the business posted $2.01 EPS. Hershey’s revenue for the quarter was down 16.7% on a year-over-year basis. On average, equities analysts expect that The Hershey Company will post 9.47 EPS for the current fiscal year.

Hershey Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 16th were given a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Friday, August 16th. Hershey’s payout ratio is presently 54.31%.

Wall Street Analysts Forecast Growth

HSY has been the topic of a number of recent analyst reports. The Goldman Sachs Group began coverage on shares of Hershey in a research report on Monday, August 12th. They set a “sell” rating and a $185.00 price target on the stock. Royal Bank of Canada decreased their price target on Hershey from $209.00 to $205.00 and set a “sector perform” rating for the company in a research note on Friday, August 2nd. Jefferies Financial Group downgraded Hershey from a “hold” rating to an “underperform” rating and dropped their price objective for the stock from $184.00 to $163.00 in a research note on Thursday, September 26th. UBS Group cut Hershey from a “buy” rating to a “neutral” rating and decreased their target price for the company from $226.00 to $209.00 in a research note on Monday, October 7th. Finally, Citigroup cut shares of Hershey from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $195.00 to $182.00 in a research report on Tuesday, August 27th. Four equities research analysts have rated the stock with a sell rating and sixteen have given a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $195.26.

Hershey Profile

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.