There has been some selling insider activity on The Hershey Company Common Stoc (NYSE:HSY) recently. SVP Chief Prod Supply Tech Off Terence L. O’day disclosed the sale of 37,875 shares of HSY stock. The shares were purchased at an average price of $113.88. The SVP Chief Prod Supply Tech Off now owns $4,262,301 of the stock per the Form 4 SEC filing. Kevin R. Walling, SVP Chief HR Officer disclosed the sale of 22,065 shares of (HSY). The shares were sold on June 1st for an average price of $115.06. Walling now owns $3,765,223 of the stock according to the SEC filing.
Anthony J. Palmer, Director reported the sale of 7,000 shares. The shares were purchased at an average price of $115.84. Palmer now owns $1,170,165 of the stock according to the SEC filing.
The Hershey Company, launched on October 24, 1927, is a producer of chocolate in North America. The Business’s principal product offerings include chocolate and non-chocolate confectionery products; gum and mint refreshment products; pantry items, such as baking ingredients, toppings and beverages, and snack items, such as spreads, meat snacks, bars and snack bites and mixes. Its segments include North America, and International and Other. As of December 31, 2016, the Company marketed, sold and distributed its products under more than 80 brand names in approximately 70 countries around the world..
Here are a few additional firms who have increased or decreased their stake in (HSY). As of the end of the quarter Clearbridge Investments, LLC had sold 104 shares trimming its stake by 1.0%. The value of the company’s investment in The Hershey Company Common Stoc increased from $1,071,000 to $1,120,000 a change of $49,000 since the last quarter. As of quarter end Columbia Partners L L C Investment Management had acquired a total of 25,984 shares growing its position 181.1%. The value of the investment in HSY went from $1,484,000 to $4,406,000 a change of 196.9% for the reporting period.
Sl Advisors, LLC expanded its position by buying 104 shares an increase of 1.3% in the quarter. Sl Advisors, LLC claims 7,912 shares worth $864,000. The value of the position overall is up by 6.9%. As of quarter end Marianas Fund Management LLC had sold 103,400 shares trimming its holdings by 77.9%. The value of the total investment in The Hershey Company Common Stoc went from $13,725,000 to $3,201,000 decreasing 76.7% quarter over quarter.
On October 27 the company was upgraded to “Buy” from “Buy” and a price target of $110.00 was set in a report issued by Citigroup. Citigroup lowered the price target and upgraded the stock on October 27 changing the price target from $112.00 to $110.00 and moving the rating from “Buy” to “Buy”.
Equity analyst Susquehanna began coverage of the stock giving it an initial rating of “Neutral”. On August 30 analysts at Bank of America added the stock to its research portfolio setting a rating of “Underperform”.
On July 11 the stock rating was downgraded from “Buy” to “Neutral” in a report from Tigress Financial. On July 5, 2016 the stock rating was rated “Hold” in a report from Argus Research a cut from the previous “Buy” rating.
The company is now down since yesterday’s close of $114.02. The company also recently declared a dividend that will be paid on Thu Jun 15, 2017. The dividend payment will be $0.618 per share for the quarter which comes to $2.47 on an annualized basis. This dividend amount will represent a yeild of $2.17. The ex-dividend date is Tuesday the 23rd of May 2017.
Company chares are trading at $113.81 marginally over $110.61, the 50 day moving average and just above the 200 day moving average of $106.86. The 50 day moving average went up $3.28 or +2.96% and the 200 day average moved up $7.03.
The Hershey Company Common Stoc’s P/E ratio is 39.86 and the market value is 24.23B. In the last earnings report the EPS was $2.86 and is expected to be $4.81 for the current year with 212,786,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $1.38 with next year’s EPS anticipated to be $5.23.