Hershey Company (The) (NYSE:HSY) Shares Purchased by Texas Yale Capital Corp.

Key Points

• Texas Yale Capital Corp. increased its stake in Hershey Company by 70.6% during Q1, bringing its total holdings to 4,605 shares valued at $788,000.
• Hershey's quarterly earnings showed $2.09 per share, exceeding the consensus estimate of $1.94, although the company's revenue was down 13.8% year-over-year.
• Insiders have sold a total of 99,021 shares of Hershey stock valued at $17,189,088 over the past quarter, indicating potential profit-taking among executives.

Texas Yale Capital Corp. lifted its position in Hershey Company (The) (NYSE:HSY - Free Report) by 70.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,605 shares of the company's stock after acquiring an additional 1,905 shares during the period. Texas Yale Capital Corp.'s holdings in Hershey were worth $788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in HSY. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Hershey by 13.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 242,147 shares of the company's stock worth $40,930,000 after buying an additional 28,063 shares in the last quarter. UniSuper Management Pty Ltd lifted its position in Hershey by 30.5% during the fourth quarter. UniSuper Management Pty Ltd now owns 15,603 shares of the company's stock worth $2,642,000 after buying an additional 3,643 shares in the last quarter. NEOS Investment Management LLC lifted its position in Hershey by 25.6% during the fourth quarter. NEOS Investment Management LLC now owns 6,073 shares of the company's stock worth $1,028,000 after buying an additional 1,238 shares in the last quarter. Blair William & Co. IL lifted its position in Hershey by 6.4% during the fourth quarter. Blair William & Co. IL now owns 39,387 shares of the company's stock worth $6,670,000 after buying an additional 2,365 shares in the last quarter. Finally, Norges Bank purchased a new position in Hershey during the fourth quarter worth approximately $5,618,000. 57.96% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hershey

In related news, SVP James Turoff sold 1,300 shares of Hershey stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $175.00, for a total value of $227,500.00. Following the completion of the transaction, the senior vice president owned 25,321 shares in the company, valued at $4,431,175. The trade was a 4.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Rohit Grover sold 1,334 shares of Hershey stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $180.00, for a total transaction of $240,120.00. Following the completion of the transaction, the insider owned 38,068 shares of the company's stock, valued at $6,852,240. This represents a 3.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,021 shares of company stock valued at $17,189,088 over the last quarter. Insiders own 0.28% of the company's stock.

Hershey Price Performance

HSY stock opened at $187.54 on Monday. The company has a current ratio of 1.59, a quick ratio of 1.11 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $38.00 billion, a PE ratio of 23.12, a P/E/G ratio of 7.05 and a beta of 0.30. Hershey Company has a 12-month low of $140.13 and a 12-month high of $208.03. The business's fifty day moving average price is $167.36 and its 200 day moving average price is $165.19.

Hershey (NYSE:HSY - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.15. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.81 billion. Hershey had a return on equity of 38.70% and a net margin of 15.32%. Hershey's revenue was down 13.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.07 EPS. On average, sell-side analysts anticipate that Hershey Company will post 6.12 EPS for the current year.

Hershey Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 16th were paid a dividend of $1.37 per share. The ex-dividend date was Friday, May 16th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 2.92%. Hershey's payout ratio is 67.57%.

Analyst Upgrades and Downgrades

HSY has been the topic of a number of analyst reports. Royal Bank Of Canada reduced their price objective on Hershey from $178.00 to $175.00 and set a "sector perform" rating on the stock in a research report on Friday, May 2nd. Wall Street Zen downgraded Hershey from a "hold" rating to a "sell" rating in a research report on Sunday, July 6th. Barclays lifted their target price on Hershey from $160.00 to $165.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Mizuho reduced their target price on Hershey from $167.00 to $155.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Finally, Morgan Stanley reduced their target price on Hershey from $183.00 to $177.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Six analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the company's stock. According to MarketBeat.com, Hershey has an average rating of "Hold" and a consensus target price of $160.16.

About Hershey

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

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