Iowa State Bank Has $371,000 Stake in Hershey Co (HSY)

www.themarketsdaily.com /2017/04/17/iowa-state-bank-has-371000-stake-in-hershey-co-hsy.html

Danessa Lincoln

Iowa State Bank maintained its position in shares of Hershey Co (NYSE:HSY) during the first quarter, according to
its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,398 shares of the
companys stock at the end of the first quarter. Iowa State Banks holdings in Hershey were worth $371,000 as of its
most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the
company. Elkfork Partners LLC purchased a new position in shares of Hershey during the fourth quarter valued at
approximately $901,000. Pennsylvania Trust Co increased its position in shares of Hershey by 1.7% in the first
quarter. Pennsylvania Trust Co now owns 48,420 shares of the companys stock valued at $5,290,000 after buying
an additional 800 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in
shares of Hershey by 41.1% in the third quarter. TIAA CREF Investment Management LLC now owns 741,426
shares of the companys stock valued at $70,880,000 after buying an additional 215,805 shares during the last
quarter. Institutional & Family Asset Management LLC increased its position in shares of Hershey by 3.5% in the
third quarter. Institutional & Family Asset Management LLC now owns 34,800 shares of the companys stock valued
at $3,327,000 after buying an additional 1,192 shares during the last quarter. Finally, Cadence Capital Management
LLC increased its position in shares of Hershey by 9.8% in the fourth quarter. Cadence Capital Management LLC
now owns 17,778 shares of the companys stock valued at $1,839,000 after buying an additional 1,586 shares
during the last quarter. 52.07% of the stock is currently owned by institutional investors.

Shares of Hershey Co (NYSE:HSY) traded up 0.48% during mid-day trading on Monday, hitting $108.72. 190,996
shares of the stock were exchanged. The stocks 50 day moving average is $108.73 and its 200 day moving
average is $103.04. Hershey Co has a 12 month low of $87.92 and a 12 month high of $117.79.

Hershey (NYSE:HSY) last posted its earnings results on Friday, February 3rd. The company reported $1.17 EPS for
the quarter, beating analysts consensus estimates of $1.08 by $0.09. The firm earned $1.97 billion during the
quarter, compared to the consensus estimate of $1.98 billion. Hershey had a return on equity of 110.82% and a net
margin of 9.68%. The companys quarterly revenue was up 3.2% compared to the same quarter last year. During
the same period in the prior year, the company earned $1.08 EPS. Equities research analysts forecast that Hershey
Co will post $4.78 earnings per share for the current year.
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HSY has been the topic of several analyst reports. Citigroup Inc reaffirmed a buy rating on shares of Hershey in a
research note on Friday, January 20th. BMO Capital Markets reaffirmed a market perform rating and issued a
$105.00 target price on shares of Hershey in a research note on Sunday, March 5th. Vetr downgraded shares of
Hershey from a sell rating to a strong sell rating and set a $94.40 target price on the stock. in a research note on
Tuesday, January 24th. Zacks Investment Research downgraded shares of Hershey from a hold rating to a sell
rating in a research note on Tuesday, January 24th. Finally, Morgan Stanley lifted their target price on shares of
Hershey from $103.00 to $111.00 and gave the stock an equal weight rating in a research note on Monday,
February 27th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and
four have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price
target of $108.31.

In related news, insider Michele Buck sold 2,000 shares of the stock in a transaction on Monday, April 3rd. The stock
was sold at an average price of $108.93, for a total transaction of $217,860.00. Following the sale, the insider now
owns 168,897 shares in the company, valued at approximately $18,397,950.21. The transaction was disclosed in a
legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP D Michael
Wege sold 1,100 shares of the stock in a transaction on Wednesday, March 15th. The shares were sold at an
average price of $108.72, for a total value of $119,592.00. Following the sale, the senior vice president now owns
28,505 shares in the company, valued at approximately $3,099,063.60. The disclosure for this sale can be found
here. Insiders have sold a total of 11,800 shares of company stock valued at $1,274,875 over the last quarter.
Corporate insiders own 0.68% of the companys stock.

About Hershey

The Hershey Company is a producer of chocolate in North America. The Companys principal product offerings
include chocolate and non-chocolate confectionery products; gum and mint refreshment products; pantry items,
such as baking ingredients and beverages, and snack items, such as spreads, meat snacks, bars and snack bites
and mixes.

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