Farmers National Bank purchased a new stake in shares of Hershey Co (NYSE:HSY) during the first quarter, Holdings Channel reports. The institutional investor purchased 1,593 shares of the company’s stock, valued at approximately $183,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HSY. Oregon Public Employees Retirement Fund raised its holdings in shares of Hershey by 10,179.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,456,662 shares of the company’s stock valued at $32,000 after buying an additional 3,423,036 shares during the last quarter. Norges Bank acquired a new stake in Hershey during the 4th quarter worth approximately $142,502,000. BlackRock Inc. boosted its position in Hershey by 8.4% during the 4th quarter. BlackRock Inc. now owns 13,764,673 shares of the company’s stock worth $1,475,299,000 after buying an additional 1,070,632 shares during the period. FMR LLC boosted its position in Hershey by 9.8% during the 4th quarter. FMR LLC now owns 6,142,122 shares of the company’s stock worth $658,314,000 after buying an additional 550,341 shares during the period. Finally, Lord Abbett & CO. LLC boosted its position in Hershey by 986.4% during the 4th quarter. Lord Abbett & CO. LLC now owns 528,600 shares of the company’s stock worth $56,655,000 after buying an additional 479,946 shares during the period. 53.61% of the stock is currently owned by institutional investors.

HSY has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Hershey from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. ValuEngine downgraded shares of Hershey from a “buy” rating to a “hold” rating in a research report on Thursday, January 24th. UBS Group set a $100.00 price target on shares of Hershey and gave the stock a “sell” rating in a research report on Friday, April 26th. BMO Capital Markets boosted their price target on shares of Hershey from $93.00 to $108.00 and gave the stock a “market perform” rating in a research report on Friday, April 26th. Finally, Credit Suisse Group set a $123.00 price target on shares of Hershey and gave the stock a “hold” rating in a research report on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $112.91.

Shares of HSY stock opened at $127.06 on Thursday. The firm has a market cap of $26.67 billion, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 2.79 and a beta of 0.18. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.92 and a quick ratio of 0.59. Hershey Co has a 12 month low of $89.29 and a 12 month high of $127.98.

Hershey (NYSE:HSY) last announced its quarterly earnings results on Thursday, April 25th. The company reported $1.59 EPS for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.11. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2 billion. Hershey had a net margin of 14.44% and a return on equity of 90.64%. Hershey’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.41 EPS. Analysts forecast that Hershey Co will post 5.7 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be paid a dividend of $0.722 per share. The ex-dividend date is Thursday, May 23rd. This represents a $2.89 dividend on an annualized basis and a yield of 2.27%. Hershey’s dividend payout ratio (DPR) is presently 53.92%.

In other Hershey news, major shareholder Hershey Trust Co Trustee In Tr sold 360,715 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $123.09, for a total transaction of $44,400,409.35. Following the completion of the sale, the insider now owns 3,639,762 shares in the company, valued at approximately $448,018,304.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Javier H. Idrovo sold 40,252 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $125.00, for a total transaction of $5,031,500.00. Following the sale, the vice president now owns 38,991 shares of the company’s stock, valued at approximately $4,873,875. The disclosure for this sale can be found here. Insiders have sold a total of 2,464,398 shares of company stock valued at $306,806,009 in the last 90 days. 0.41% of the stock is currently owned by company insiders.

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Hershey Profile

The Hershey Company, together with its subsidiaries, manufactures and sells confectionery products. The company operates through two segments, North America; and International and Other. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products comprising mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items, including spreads, meat snacks, bars and snack bites, mixes, popcorn and protein bars, and cookies.

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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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