United Services Automobile Association Sells 38,045 Shares of Hershey Company (The) (NYSE:HSY)

United Services Automobile Association lowered its stake in shares of Hershey Company (The) (NYSE:HSY) by 44.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,918 shares of the company’s stock after selling 38,045 shares during the period. United Services Automobile Association’s holdings in Hershey Company (The) were worth $5,126,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. YorkBridge Wealth Partners LLC increased its stake in shares of Hershey Company (The) by 43.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,565 shares of the company’s stock valued at $168,000 after buying an additional 475 shares in the last quarter. Enterprise Financial Services Corp raised its position in shares of Hershey Company (The) by 0.8% in the first quarter. Enterprise Financial Services Corp now owns 1,681 shares of the company’s stock worth $184,000 after buying an additional 14 shares in the last quarter. Rational Advisors LLC raised its stake in Hershey Company (The) by 14.3% in the first quarter. Rational Advisors LLC now owns 1,817 shares of the company’s stock worth $199,000 after buying an additional 227 shares during the period. Douglass Winthrop Advisors LLC acquired a new stake in Hershey Company (The) during the first quarter worth about $200,000. Finally, Trust Co. of Virginia VA acquired a new stake in Hershey Company (The) during the first quarter worth about $204,000. 51.09% of the stock is owned by institutional investors and hedge funds.

Hershey Company (NYSE:HSY) traded up 0.19% during trading on Wednesday, hitting $106.09. The stock had a trading volume of 575,426 shares. The firm has a market capitalization of $22.57 billion, a PE ratio of 37.13 and a beta of 0.38. The firm has a 50 day moving average price of $110.38 and a 200-day moving average price of $108.53. Hershey Company has a 1-year low of $94.03 and a 1-year high of $116.49.

Hershey Company (The) (NYSE:HSY) last announced its quarterly earnings data on Wednesday, April 26th. The company reported $1.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.05. Hershey Company (The) had a net margin of 8.21% and a return on equity of 117.02%. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the prior year, the company earned $1.10 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts expect that Hershey Company will post $4.80 EPS for the current year.

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Several brokerages have recently weighed in on HSY. Zacks Investment Research raised Hershey Company (The) from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a report on Wednesday, June 28th. Morgan Stanley cut their target price on Hershey Company (The) from $111.00 to $108.00 and set an “equal weight” rating for the company in a research report on Tuesday. Susquehanna Bancshares Inc set a $119.00 target price on Hershey Company (The) and gave the stock a “hold” rating in a research report on Saturday, March 25th. Deutsche Bank AG cut their target price on Hershey Company (The) from $117.00 to $114.00 and set a “hold” rating for the company in a research report on Friday, April 28th. Finally, BidaskClub downgraded Hershey Company (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $108.96.

In other Hershey Company (The) news, SVP D Michael Wege sold 1,100 shares of the stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $105.45, for a total value of $115,995.00. Following the transaction, the senior vice president now directly owns 27,866 shares in the company, valued at $2,938,469.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Terence L. O’day sold 7,678 shares of the stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $107.00, for a total transaction of $821,546.00. Following the completion of the transaction, the senior vice president now owns 37,428 shares in the company, valued at $4,004,796. The disclosure for this sale can be found here. In the last quarter, insiders have sold 107,193 shares of company stock worth $12,149,738. Corporate insiders own 0.92% of the company’s stock.

Hershey Company (The) Company Profile

The Hershey Company is a producer of chocolate in North America. The Company’s principal product offerings include chocolate and non-chocolate confectionery products; gum and mint refreshment products; pantry items, such as baking ingredients and beverages, and snack items, such as spreads, meat snacks, bars and snack bites and mixes.

Institutional Ownership by Quarter for Hershey Company (The) (NYSE:HSY)




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