Accurate Investment Solutions Inc. Boosts Stock Position in Hershey Co (NYSE:HSY)

Posted by Devon Dixon on Jan 8th, 2020

Accurate Investment Solutions Inc. lifted its position in shares of Hershey Co (NYSE:HSY) by 112.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,085 shares of the company’s stock after purchasing an additional 575 shares during the period. Accurate Investment Solutions Inc.’s holdings in Hershey were worth $160,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC lifted its position in shares of Hershey by 108.1% in the 3rd quarter. Millennium Management LLC now owns 155,045 shares of the company’s stock worth $24,030,000 after purchasing an additional 2,064,345 shares during the period. APG Asset Management N.V. lifted its stake in Hershey by 145.7% in the second quarter. APG Asset Management N.V. now owns 2,718,679 shares of the company’s stock worth $319,972,000 after acquiring an additional 1,612,100 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in Hershey by 34,749.1% in the second quarter. Nuveen Asset Management LLC now owns 1,015,850 shares of the company’s stock worth $136,154,000 after acquiring an additional 1,012,935 shares during the last quarter. Vanguard Group Inc. lifted its stake in Hershey by 4.8% in the second quarter. Vanguard Group Inc. now owns 11,780,343 shares of the company’s stock worth $1,578,920,000 after acquiring an additional 537,363 shares during the last quarter. Finally, State Street Corp lifted its stake in Hershey by 5.6% in the third quarter. State Street Corp now owns 7,555,394 shares of the company’s stock worth $1,171,011,000 after acquiring an additional 401,710 shares during the last quarter. Institutional investors own 53.38% of the company’s stock.

In related news, SVP Kevin R. Walling sold 2,500 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $145.75, for a total value of $364,375.00. Also, CEO Michele Buck sold 1,500 shares of the company’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $155.85, for a total transaction of $233,775.00. Following the completion of the sale, the chief executive officer now owns 153,929 shares of the company’s stock, valued at approximately $23,989,834.65. The disclosure for this sale can be found here. Insiders have sold a total of 48,027 shares of company stock valued at $7,112,601 in the last 90 days. Insiders own 0.41% of the company’s stock.

A number of brokerages recently issued reports on HSY. Sanford C. Bernstein downgraded shares of Hershey from an “outperform” rating to a “market perform” rating and set a $155.00 price target for the company. in a research note on Thursday, September 12th. They noted that the move was a valuation call. BMO Capital Markets lifted their price target on shares of Hershey from $133.00 to $138.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Bank of America downgraded shares of Hershey from a “buy” rating to a “neutral” rating and set a $155.00 price target for the company. in a research note on Friday, December 20th. They noted that the move was a valuation call. Royal Bank of Canada began coverage on shares of Hershey in a research note on Thursday, October 17th. They issued a “sector perform” rating and a $158.00 price target for the company. Finally, ValuEngine downgraded shares of Hershey from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $146.27.

Shares of NYSE:HSY traded up $0.61 during trading on Wednesday, hitting $145.46. 3,310 shares of the company were exchanged, compared to its average volume of 660,946. The stock has a market capitalization of $30.44 billion, a P/E ratio of 27.14, a PEG ratio of 3.37 and a beta of 0.05. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.80 and a quick ratio of 0.47. Hershey Co has a 12-month low of $100.80 and a 12-month high of $162.20. The firm’s 50 day moving average price is $147.33 and its 200-day moving average price is $148.72.

Hershey (NYSE:HSY) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.01. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.12 billion. Hershey had a net margin of 16.18% and a return on equity of 77.39%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.55 EPS. As a group, equities research analysts anticipate that Hershey Co will post 5.73 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were given a dividend of $0.773 per share. The ex-dividend date was Thursday, November 21st. This represents a $3.09 annualized dividend and a dividend yield of 2.13%. Hershey’s dividend payout ratio is presently 57.65%.

Hershey Company Profile

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.

Accurate Investment Solutions Inc. Boosts Stock Position in Hershey Co (NYSE:HSY)

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