Scout Investments Inc. Takes Position in Hershey Company (The) (HSY)

Scout Investments Inc. purchased a new position in Hershey Company (The) (NYSE:HSY) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 61,635 shares of the company’s stock, valued at approximately $6,729,000. Scout Investments Inc. owned approximately 29,011.53% of Hershey Company (The) as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. RB Capital Management LLC grew its stake in shares of Hershey Company (The) by 0.5% in the second quarter. RB Capital Management LLC now owns 3,331 shares of the company’s stock worth $358,000 after acquiring an additional 18 shares in the last quarter. Obermeyer Wood Investment Counsel Lllp lifted its position in shares of Hershey Company (The) by 0.3% during the 2nd quarter. Obermeyer Wood Investment Counsel Lllp now owns 6,344 shares of the company’s stock worth $681,000 after purchasing an additional 19 shares during the last quarter. Geneva Advisors LLC lifted its position in shares of Hershey Company (The) by 0.4% during the 2nd quarter. Geneva Advisors LLC now owns 4,744 shares of the company’s stock worth $509,000 after purchasing an additional 19 shares during the last quarter. Gateway Investment Advisers LLC lifted its position in shares of Hershey Company (The) by 0.3% during the 2nd quarter. Gateway Investment Advisers LLC now owns 8,446 shares of the company’s stock worth $907,000 after purchasing an additional 23 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Hershey Company (The) by 0.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,545 shares of the company’s stock worth $918,000 after purchasing an additional 39 shares during the last quarter. Institutional investors and hedge funds own 49.99% of the company’s stock.

Several research firms have recently issued reports on HSY. Zacks Investment Research raised shares of Hershey Company (The) from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research report on Monday, October 2nd. Credit Suisse Group reissued a “buy” rating and issued a $121.00 price target on shares of Hershey Company (The) in a research report on Friday, July 28th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $115.00 price target (up from $114.00) on shares of Hershey Company (The) in a research report on Thursday, July 27th. Susquehanna Bancshares Inc set a $118.00 price target on shares of Hershey Company (The) and gave the company a “hold” rating in a research report on Wednesday, July 26th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $111.00 price target (down from $112.00) on shares of Hershey Company (The) in a research report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $113.35.

In other news, insider Michele Buck sold 400 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $108.00, for a total transaction of $43,200.00. Following the transaction, the insider now directly owns 165,697 shares in the company, valued at $17,895,276. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP D Michael Wege sold 1,100 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $105.90, for a total transaction of $116,490.00. Following the transaction, the senior vice president now owns 27,766 shares in the company, valued at $2,940,419.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,519,232 shares of company stock worth $479,154,674. Company insiders own 0.92% of the company’s stock.

Shares of Hershey Company (HSY) opened at $108.60 on Friday. Hershey Company has a 1-year low of $95.68 and a 1-year high of $116.49. The company has a quick ratio of 0.55, a current ratio of 0.95 and a debt-to-equity ratio of 2.45. The company has a market cap of $22,881.37, a PE ratio of 22.16, a PEG ratio of 2.95 and a beta of 0.36.

Hershey Company (The) (NYSE:HSY) last announced its earnings results on Thursday, October 26th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. Hershey Company (The) had a net margin of 9.52% and a return on equity of 124.06%. The business had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the company earned $1.29 earnings per share. The business’s revenue was up 1.5% compared to the same quarter last year. sell-side analysts anticipate that Hershey Company will post 4.8 EPS for the current fiscal year.

Hershey Company (The) declared that its Board of Directors has initiated a share repurchase program on Thursday, October 26th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 22nd will be issued a $0.656 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.42%. Hershey Company (The)’s payout ratio is 77.98%.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another website, it was stolen and republished in violation of US and international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.dispatchtribunal.com/2017/11/12/scout-investments-inc-takes-position-in-hershey-company-the-hsy.html.

Hershey Company (The) 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)

Receive News & Ratings for Hershey Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hershey Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply