Poehling Capital Management INC. Has $6.31 Million Holdings in Hershey Company (The) (NYSE:HSY)

Poehling Capital Management INC. boosted its holdings in shares of Hershey Company (The) (NYSE:HSY - Free Report) by 96.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,877 shares of the company's stock after buying an additional 18,104 shares during the quarter. Hershey comprises 1.6% of Poehling Capital Management INC.'s portfolio, making the stock its 15th biggest holding. Poehling Capital Management INC.'s holdings in Hershey were worth $6,307,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HSY. Trust Co. of Vermont raised its position in shares of Hershey by 2.4% in the 1st quarter. Trust Co. of Vermont now owns 2,691 shares of the company's stock valued at $460,000 after acquiring an additional 62 shares during the period. Allworth Financial LP increased its stake in Hershey by 0.9% in the first quarter. Allworth Financial LP now owns 7,189 shares of the company's stock valued at $1,179,000 after purchasing an additional 67 shares in the last quarter. UNIVEST FINANCIAL Corp increased its stake in Hershey by 1.5% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 4,500 shares of the company's stock valued at $762,000 after purchasing an additional 68 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in Hershey by 2.6% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,768 shares of the company's stock worth $473,000 after purchasing an additional 69 shares during the period. Finally, Joel Isaacson & Co. LLC boosted its position in shares of Hershey by 3.0% during the first quarter. Joel Isaacson & Co. LLC now owns 2,407 shares of the company's stock worth $412,000 after purchasing an additional 69 shares in the last quarter. 57.96% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Michele Buck sold 31,210 shares of Hershey stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $160.80, for a total value of $5,018,568.00. Following the completion of the transaction, the chief executive officer owned 193,624 shares of the company's stock, valued at $31,134,739.20. This trade represents a 13.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP James Turoff sold 1,300 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $175.00, for a total transaction of $227,500.00. Following the completion of the sale, the senior vice president directly owned 25,321 shares in the company, valued at approximately $4,431,175. The trade was a 4.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,107 shares of company stock valued at $9,008,118 in the last ninety days. Corporate insiders own 0.34% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on HSY shares. Royal Bank Of Canada dropped their price objective on Hershey from $178.00 to $175.00 and set a "sector perform" rating on the stock in a research note on Friday, May 2nd. Morgan Stanley dropped their price target 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. Citigroup cut their price objective on Hershey from $173.00 to $165.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Wall Street Zen cut Hershey from a "hold" rating to a "sell" rating in a research note on Sunday, July 6th. Finally, Mizuho cut their price target on shares of Hershey from $167.00 to $155.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. Six equities research analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $158.84.

Hershey Trading Up 0.1%

Hershey stock opened at $164.90 on Tuesday. The company has a market cap of $33.41 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 6.08 and a beta of 0.30. The firm has a 50-day moving average of $165.61 and a 200-day moving average of $164.63. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.59 and a quick ratio of 1.11. Hershey Company has a one year low of $140.13 and a one year high of $208.03.

Hershey (NYSE:HSY - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.15. The business had revenue of $2.81 billion for the quarter, compared to analyst estimates 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 company posted $3.07 earnings per share. On average, equities analysts expect that Hershey Company will post 6.12 earnings per share for the current fiscal 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 issued 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 yield of 3.32%. Hershey's payout ratio is 67.57%.

Hershey Company Profile

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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