Institutional investors boost stakes in Hershey, firm exceeds Q4 earnings, sets dividend.

Institutional investors, including Mengis Capital Management Inc., have increased their stakes in The Hershey Company, holding 57.96% of its stock. Mengis now owns 27,065 shares valued at $4.58 million. Hershey surpassed Q4 earnings estimates with EPS of $2.69, and announced a dividend of $1.37 per share, yielding 3.08% annually. Analysts have given the stock a "Hold" rating following price target reductions.