First Citizens Financial Corp Invests $212,000 in Hershey Co (NYSE:HSY)

First Citizens Financial Corp bought a new position in Hershey Co (NYSE:HSY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 1,482 shares of the company’s stock, valued at approximately $212,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Hershey by 6.5% during the second quarter. Vanguard Group Inc. now owns 13,654,697 shares of the company’s stock valued at $1,769,923,000 after acquiring an additional 834,014 shares in the last quarter. BlackRock Inc. increased its position in shares of Hershey by 4.4% during the second quarter. BlackRock Inc. now owns 16,468,152 shares of the company’s stock worth $2,134,601,000 after purchasing an additional 686,698 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Hershey by 102.1% during the second quarter. Nordea Investment Management AB now owns 1,341,528 shares of the company’s stock worth $171,796,000 after purchasing an additional 677,623 shares in the last quarter. Marathon Asset Management LLP increased its position in shares of Hershey by 213.8% during the second quarter. Marathon Asset Management LLP now owns 509,634 shares of the company’s stock worth $66,058,000 after purchasing an additional 347,248 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Hershey by 353.0% during the second quarter. Jacobs Levy Equity Management Inc. now owns 440,282 shares of the company’s stock worth $57,069,000 after purchasing an additional 343,084 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

In other Hershey news, CEO Michele Buck sold 2,500 shares of the stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $140.31, for a total value of $350,775.00. Following the completion of the sale, the chief executive officer now owns 165,121 shares in the company, valued at approximately $23,168,127.51. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Pamela M. Arway sold 256 shares of the stock in a transaction dated Wednesday, October 7th. The shares were sold at an average price of $142.02, for a total transaction of $36,357.12. Following the completion of the sale, the director now owns 16,002 shares of the company’s stock, valued at approximately $2,272,604.04. The disclosure for this sale can be found here. 29.39% of the stock is currently owned by corporate insiders.

Shares of HSY traded down $0.50 during mid-day trading on Friday, hitting $149.92. 912,213 shares of the company were exchanged, compared to its average volume of 1,137,211. Hershey Co has a 1-year low of $109.88 and a 1-year high of $161.83. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.86 and a current ratio of 1.31. The company has a 50 day moving average of $144.38 and a 200-day moving average of $138.66. The stock has a market cap of $31.19 billion, a price-to-earnings ratio of 29.40, a price-to-earnings-growth ratio of 2.89 and a beta of 0.21.

Hershey (NYSE:HSY) last released its quarterly earnings results on Thursday, July 23rd. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.18. The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.74 billion. Hershey had a net margin of 13.50% and a return on equity of 70.65%. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.31 EPS. Research analysts anticipate that Hershey Co will post 6.03 earnings per share for the current fiscal year.

HSY has been the topic of a number of research analyst reports. BMO Capital Markets raised shares of Hershey from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $150.00 to $163.00 in a report on Tuesday, September 29th. Jefferies Financial Group boosted their price objective on shares of Hershey from $136.00 to $140.00 and gave the company a “hold” rating in a report on Friday, July 17th. Zacks Investment Research lowered shares of Hershey from a “buy” rating to a “hold” rating and set a $148.00 price objective on the stock. in a report on Friday, September 18th. Credit Suisse Group boosted their price objective on shares of Hershey from $152.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Finally, Morgan Stanley boosted their price objective on shares of Hershey from $136.00 to $148.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $146.40.

About Hershey

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.

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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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