Teacher Retirement System of Texas Raises Holdings in The Hershey Company (NYSE:HSY)

Teacher Retirement System of Texas lifted its holdings in shares of The Hershey Company (NYSE:HSYGet Rating) by 36.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 275,263 shares of the company’s stock after acquiring an additional 73,625 shares during the period. Teacher Retirement System of Texas owned approximately 0.13% of Hershey worth $59,630,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of HSY. Norges Bank purchased a new stake in shares of Hershey during the fourth quarter worth about $231,591,000. Millennium Management LLC grew its stake in shares of Hershey by 105.2% during the fourth quarter. Millennium Management LLC now owns 624,565 shares of the company’s stock worth $120,835,000 after acquiring an additional 320,233 shares during the last quarter. Virginia Retirement Systems ET AL grew its stake in shares of Hershey by 583.7% during the fourth quarter. Virginia Retirement Systems ET AL now owns 277,600 shares of the company’s stock worth $53,707,000 after acquiring an additional 237,000 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its position in Hershey by 32.3% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 898,907 shares of the company’s stock valued at $171,934,000 after buying an additional 219,385 shares during the last quarter. Finally, Toronto Dominion Bank boosted its position in Hershey by 244.6% in the fourth quarter. Toronto Dominion Bank now owns 287,008 shares of the company’s stock valued at $55,526,000 after buying an additional 203,730 shares during the last quarter. Hedge funds and other institutional investors own 52.96% of the company’s stock.

Insider Transactions at Hershey

In related news, CEO Michele Buck sold 5,000 shares of the stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $209.15, for a total value of $1,045,750.00. Following the completion of the transaction, the chief executive officer now directly owns 185,555 shares of the company’s stock, valued at approximately $38,808,828.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Jason Reiman sold 150 shares of the stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $209.15, for a total value of $31,372.50. Following the completion of the transaction, the senior vice president now directly owns 16,317 shares of the company’s stock, valued at approximately $3,412,700.55. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michele Buck sold 5,000 shares of the stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $209.15, for a total value of $1,045,750.00. Following the completion of the transaction, the chief executive officer now directly owns 185,555 shares of the company’s stock, valued at $38,808,828.25. The disclosure for this sale can be found here. Insiders sold a total of 866,588 shares of company stock valued at $191,036,015 in the last three months. 0.34% of the stock is currently owned by company insiders.

Hershey Trading Up 0.8 %

Shares of HSY stock opened at $227.11 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.74 and a quick ratio of 0.37. The company has a market cap of $46.55 billion, a price-to-earnings ratio of 28.89, a PEG ratio of 3.58 and a beta of 0.34. The stock has a 50 day simple moving average of $216.55 and a 200-day simple moving average of $213.48. The Hershey Company has a 1-year low of $167.80 and a 1-year high of $231.96.

Hershey (NYSE:HSYGet Rating) last announced its earnings results on Thursday, July 28th. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.11. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.24 billion. Hershey had a return on equity of 60.62% and a net margin of 16.76%. The business’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.47 EPS. On average, equities research analysts expect that The Hershey Company will post 8.21 EPS for the current fiscal year.

Hershey Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Friday, August 19th will be paid a dividend of $1.036 per share. This represents a $4.14 annualized dividend and a dividend yield of 1.82%. This is an increase from Hershey’s previous quarterly dividend of $0.90. The ex-dividend date is Thursday, August 18th. Hershey’s dividend payout ratio is presently 45.80%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on HSY shares. BMO Capital Markets upped their target price on Hershey from $215.00 to $255.00 in a research report on Friday, April 29th. StockNews.com upgraded Hershey from a “hold” rating to a “buy” rating in a research report on Saturday, May 7th. Deutsche Bank Aktiengesellschaft upped their target price on Hershey from $219.00 to $227.00 in a research report on Friday, July 29th. Mizuho upped their target price on Hershey from $200.00 to $210.00 in a research report on Friday, April 29th. Finally, Royal Bank of Canada upped their target price on Hershey from $214.00 to $237.00 in a research report on Friday, April 29th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $219.64.

About Hershey

(Get Rating)

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; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, meat snacks, bars and snack bites, mixes, popcorn, and protein bars.

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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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