Skandinaviska Enskilda Banken AB publ trimmed its place in shares of The Hershey Firm (NYSE:HSY – Free Report) by 70.9% within the second quarter, in line with its most up-to-date 13F submitting with the Securities & Alternate Fee. The agency owned 36,843 shares of the corporate’s inventory after promoting 89,968 shares throughout the interval. Skandinaviska Enskilda Banken AB publ’s holdings in Hershey have been price $6,757,000 on the finish of the newest quarter.
Numerous different hedge funds and different institutional traders have additionally lately purchased and offered shares of the corporate. Raleigh Capital Administration Inc. boosted its stake in Hershey by 20.6% throughout the 4th quarter. Raleigh Capital Administration Inc. now owns 316 shares of the corporate’s inventory valued at $59,000 after buying an extra 54 shares throughout the interval. GHP Funding Advisors Inc. boosted its stake in Hershey by 55.0% throughout the 2nd quarter. GHP Funding Advisors Inc. now owns 155 shares of the corporate’s inventory valued at $28,000 after buying an extra 55 shares throughout the interval. Sound Revenue Methods LLC boosted its stake in Hershey by 13.3% throughout the 1st quarter. Sound Revenue Methods LLC now owns 486 shares of the corporate’s inventory valued at $95,000 after buying an extra 57 shares throughout the interval. Wesbanco Financial institution Inc. boosted its stake in Hershey by 3.7% throughout the 2nd quarter. Wesbanco Financial institution Inc. now owns 1,673 shares of the corporate’s inventory valued at $308,000 after buying an extra 59 shares throughout the interval. Lastly, Brighton Jones LLC boosted its stake in Hershey by 2.3% throughout the 2nd quarter. Brighton Jones LLC now owns 2,631 shares of the corporate’s inventory valued at $484,000 after buying an extra 59 shares throughout the interval. 57.96% of the inventory is owned by institutional traders and hedge funds.
Insider Transactions at Hershey
In associated information, CAO Jennifer Mccalman offered 538 shares of the enterprise’s inventory in a transaction that occurred on Monday, August twelfth. The shares have been offered at a median value of $199.17, for a complete transaction of $107,153.46. Following the transaction, the chief accounting officer now immediately owns 3,238 shares of the corporate’s inventory, valued at $644,912.46. The sale was disclosed in a authorized submitting with the Securities & Alternate Fee, which is accessible via the SEC web site. In different Hershey information, CAO Jennifer Mccalman offered 538 shares of Hershey inventory in a transaction on Monday, August twelfth. The shares have been offered at a median value of $199.17, for a complete transaction of $107,153.46. Following the completion of the sale, the chief accounting officer now owns 3,238 shares of the corporate’s inventory, valued at roughly $644,912.46. The sale was disclosed in a doc filed with the Securities & Alternate Fee, which is on the market at this hyperlink. Additionally, CFO Steven E. Voskuil offered 1,500 shares of the enterprise’s inventory in a transaction on Tuesday, July twenty third. The shares have been offered at a median value of $190.83, for a complete transaction of $286,245.00. Following the transaction, the chief monetary officer now owns 34,228 shares within the firm, valued at $6,531,729.24. The disclosure for this sale might be discovered right here. Insiders have offered a complete of three,538 shares of firm inventory valued at $667,793 during the last ninety days. Company insiders personal 0.34% of the corporate’s inventory.
Hershey Inventory Efficiency
Hershey inventory opened at $195.43 on Friday. The agency’s 50 day easy shifting common is $196.30 and its 200-day easy shifting common is $194.07. The corporate has a market cap of $39.52 billion, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 5.77 and a beta of 0.37. The corporate has a debt-to-equity ratio of 0.87, a present ratio of 0.86 and a fast ratio of 0.48. The Hershey Firm has a fifty-two week low of $178.82 and a fifty-two week excessive of $211.92.
Hershey (NYSE:HSY – Get Free Report) final launched its earnings outcomes on Thursday, August 1st. The corporate reported $1.27 earnings per share for the quarter, lacking the consensus estimate of $1.44 by ($0.17). The agency had income of $2.07 billion throughout the quarter, in comparison with analysts’ expectations of $2.30 billion. Hershey had a return on fairness of 45.36% and a internet margin of 16.76%. The enterprise’s income was down 16.7% on a year-over-year foundation. Throughout the identical interval final 12 months, the enterprise earned $2.01 earnings per share. As a gaggle, equities analysis analysts predict that The Hershey Firm will put up 9.5 EPS for the present 12 months.
Hershey Dividend Announcement
The corporate additionally lately introduced a quarterly dividend, which was paid on Monday, September sixteenth. Stockholders of report on Friday, August sixteenth got a $1.37 dividend. This represents a $5.48 annualized dividend and a dividend yield of two.80%. The ex-dividend date was Friday, August sixteenth. Hershey’s dividend payout ratio (DPR) is presently 54.31%.
Wall Road Analyst Weigh In
HSY has been the subject of various latest analyst studies. Wells Fargo & Firm dropped their value goal on shares of Hershey from $205.00 to $195.00 and set an “equal weight” ranking on the inventory in a analysis report on Friday, June twenty first. Sanford C. Bernstein dropped their value goal on shares of Hershey from $237.00 to $230.00 and set an “outperform” ranking on the inventory in a analysis report on Wednesday, July seventeenth. Citigroup downgraded shares of Hershey from a “impartial” ranking to a “promote” ranking and dropped their value goal for the inventory from $195.00 to $182.00 in a analysis report on Tuesday, August twenty seventh. Argus downgraded shares of Hershey from a “purchase” ranking to a “maintain” ranking in a analysis report on Wednesday, August 14th. Lastly, Deutsche Financial institution Aktiengesellschaft boosted their value goal on shares of Hershey from $191.00 to $199.00 and gave the inventory a “maintain” ranking in a analysis report on Tuesday, September tenth. Three funding analysts have rated the inventory with a promote ranking, fifteen have given a maintain ranking and three have given a purchase ranking to the corporate. Based mostly on knowledge from MarketBeat, Hershey presently has a consensus ranking of “Maintain” and a median value goal of $203.21.
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Hershey Profile
The Hershey Firm, along with its subsidiaries, engages within the manufacture and sale of confectionery merchandise and pantry gadgets in the USA and internationally. The corporate operates via three segments: North America Confectionery, North America Salty Snacks, and Worldwide. It provides chocolate and non-chocolate confectionery merchandise; gum and mint refreshment merchandise, together with mints, chewing gums, and bubble gums; protein bars; pantry gadgets, comparable to baking substances, toppings, drinks, and sundae syrups; and snack gadgets comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.
Advisable Tales
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