Neuburgh Advisers LLC lifted its position in shares of Hershey Co (NYSE:HSY) by 38.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,544 shares of the company’s stock after buying an additional 3,504 shares during the period. Neuburgh Advisers LLC’s holdings in Hershey were worth $1,440,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in HSY. Bremer Trust National Association purchased a new stake in Hershey during the 4th quarter worth $29,000. Claybrook Capital LLC purchased a new stake in Hershey during the 4th quarter worth $29,000. Trustcore Financial Services LLC purchased a new stake in Hershey during the 1st quarter worth $29,000. Oregon Public Employees Retirement Fund boosted its position in Hershey by 10,179.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,456,662 shares of the company’s stock worth $32,000 after purchasing an additional 3,423,036 shares during the period. Finally, Acima Private Wealth LLC purchased a new stake in Hershey during the 4th quarter worth $33,000. Institutional investors and hedge funds own 53.60% of the company’s stock.
NYSE:HSY opened at $137.98 on Friday. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.92 and a quick ratio of 0.59. The stock has a market capitalization of $28.86 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 3.03 and a beta of 0.11. Hershey Co has a 1-year low of $90.52 and a 1-year high of $139.34.
Hershey (NYSE:HSY) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.11. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2 billion. Hershey had a net margin of 14.44% and a return on equity of 90.64%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.41 EPS. As a group, sell-side analysts expect that Hershey Co will post 5.7 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be given a $0.722 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.89 dividend on an annualized basis and a yield of 2.09%. Hershey’s payout ratio is currently 53.92%.
In other news, VP Javier H. Idrovo sold 7,385 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $120.00, for a total transaction of $886,200.00. Following the transaction, the vice president now owns 33,336 shares of the company’s stock, valued at $4,000,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Javier H. Idrovo sold 40,252 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $125.00, for a total transaction of $5,031,500.00. Following the transaction, the vice president now directly owns 38,991 shares in the company, valued at approximately $4,873,875. The disclosure for this sale can be found here. Over the last three months, insiders acquired 3,100 shares of company stock valued at $401,990 and sold 3,628,751 shares valued at $457,274,702. Corporate insiders own 0.41% of the company’s stock.
A number of brokerages recently weighed in on HSY. Zacks Investment Research raised shares of Hershey from a “hold” rating to a “buy” rating and set a $143.00 price target for the company in a research report on Thursday, May 16th. 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. Evercore ISI began coverage on shares of Hershey in a research report on Tuesday. They set an “in-line” rating and a $145.00 price target for the company. 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. Finally, Barclays upped their price target on shares of Hershey from $103.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $116.50.
TRADEMARK VIOLATION WARNING: This report was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and international copyright laws. The original version of this report can be read at https://www.dispatchtribunal.com/2019/06/14/hershey-co-nysehsy-shares-bought-by-neuburgh-advisers-llc.html.
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.
Featured Article: What are the components of an earnings report?
Want to see what other hedge funds are holding HSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hershey Co (NYSE:HSY).
Receive News & Ratings for Hershey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hershey and related companies with MarketBeat.com's FREE daily email newsletter.