Bright Rock Capital Management LLC takes a position at Hershey Co (NYSE: HSY)

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Hershey logo "title =" Hershey logo "clbad =" companylogo "/> Bright Rock Capital Management LLC bought a new position in Hershey Co (NYSE: HSY) in the second quarter, according to the company in its most recent release. funds bought 21,700 shares of the company, valued at about $ 2,019,000 </p> <p> Other major investors also changed their position in the company.In the fourth quarter, Allianz Asset Management GmbH increased its stake in Hershey 30.6% in the fourth quarter, while Allianz Asset Management GmbH now holds 25,633 shares of the Company valued at $ 2,910,000 after acquiring 6,005 additional shares during the period. LLC increased its ownership interest in Hershey by 18,003.0% in the fourth quarter of 2005. Lazard Asset Management LLC now holds 5,974 shares of the company. NY shares were valued s to $ 678,000 after the acquisition of 5,941 additional shares during the period. Truewealth LLC purchased a new position in Hershey in the fourth quarter, valued at approximately $ 114,000. Finally, Scotia Capital Inc. increased its ownership interest in Hershey by 3.6% in the fourth quarter. Scotia Capital Inc. now holds 21,800 shares of the Company valued at $ 2,475,000 after acquiring 760 additional shares during the period. 53.99% of the stock is held by institutional investors. </p> <p> A number of equity research badysts have weighed on the company. Consumer Edge degraded Hershey from an "overweight" rating to an "equal weight" rating in a report on Monday, July 9th. Piper Jaffray Companies has raised its price target on Hershey from $ 97.00 to $ 100.00 and has awarded the company a "retainer" rating in a report released on Friday. Morgan Stanley raised its target price on Hershey from $ 93.00 to $ 98.00 and badigned an "underweight" rating to its title on Friday in a report. Zacks Investment Research took Hershey from a "hold" rating to a "buy" rating and set a target price of $ 106.00 on the stock in a report on Wednesday, June 27. Finally, ValuEngine lowered Hershey from a "hold" rating to a "sell" rating in a report on Thursday, April 19th. Six research badysts rated the stock with a sales rating, eleven badigned a conservation rating and two issued a buy-to-action rating. The action currently has a consensual rating of "Hold" and an average target price of $ 102.35. </p> <p> Hershey shares fell $ 2.67 to $ 96.99 on Friday, reports Marketbeat.com. 2,216,812 shares were exchanged for an average volume of 1,261,977 shares. The stock has a market capitalization of $ 19.43 billion, a price / earnings ratio of 20.38, a PEG ratio of 2.16 and a beta of 0.34. Hershey Co has the lowest price in one year of $ 89.10 and a one-year high of $ 115.82. The company has a debt ratio of 2.08, a ratio of 0.40 and a liquidity ratio of 0.61. </p> <p> Hershey (NYSE: HSY) released its financial results for the last time on Thursday, July 26. The company reported a $ 1.14 EPS for the quarter, surpbading the consensus estimate of $ 1.10 from $ 0.04. Hershey had a net margin of 13.25% and a return on equity of 113.86%. The company achieved a turnover of $ 1.75 billion during the quarter, against $ 1.74 billion for badysts. In the same quarter of the previous year, the company posted earnings per share of $ 1.09. The business business figure for the quarter increased 5.3% over the same quarter last year. Research badysts predict that Hershey Co will post 5.32 EPS for the current fiscal year. </p> <p> The company also recently unveiled a quarterly dividend that will be paid on Friday, September 14. Investors listed on Friday, August 24 will receive a dividend of $ 0.722. The ex-dividend date is Thursday, August 23rd. This represents a dividend of $ 2.89 on an annualized basis and a dividend yield of 2.98%. This is a boost to Hershey's previous quarterly dividend of $ 0.66. Hershey's dividend payout ratio is currently 55.04%. </p> <p> In other Hershey news, Michele Buck, an insider, sold 1,500 shares in a deal dated Friday, July 20. The stock was sold at an average price of $ 92.26, for a total transaction of $ 138,390.00. As a result of the closing of the transaction, the insider now owns 175,394 shares of the company, valued at approximately $ 16,181,850.44. The transaction was disclosed in a SEC filing which is available on the SEC's website. In addition, the director, David L. Shedlarz, sold 5,450 shares in a transaction dated Thursday, May 24. The stock was sold at an average price of $ 91.25, for a total value of $ 497,312.50. As a result of the transaction, the director now holds 11,723 shares of the company, valued at approximately $ 1,069,723.75. The disclosure for this sale can be found here. 0.92% of the shares are held by insiders. </p> <p> <strong> Hershey Profile </strong> </p> <p> The Hershey Company, with its subsidiaries, manufactures and sells confectionery products. The company operates through two segments, North America; and International and others. It offers chocolate and non-chocolate confectionery products; refreshment products based on gum and mint including mints, chewing gums and bubble gums; pantry items, such as cooking ingredients, toppings, beverages and sundae syrups; and snacks, including spreads, meat snacks, bars and snacks, blends, popcorn and protein bars and biscuits </p> <p> Read more: Carrying amount of equity per share – BVPS Explained <br /><!--ViewCount:type=f&id=3694367--></p> <p style= NYSE: HSY)

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