Arthur M. Cohen & Associates LLC Sells 2,240 Shares of The Hershey Company (NYSE:HSY)

Arthur M. Cohen & Associates LLC decreased its position in shares of The Hershey Company (NYSE:HSY - Free Report) by 35.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,052 shares of the company's stock after selling 2,240 shares during the quarter. Arthur M. Cohen & Associates LLC's holdings in Hershey were worth $686,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HSY. Ashton Thomas Securities LLC purchased a new stake in shares of Hershey during the third quarter worth $25,000. ST Germain D J Co. Inc. raised its stake in shares of Hershey by 61.7% during the 4th quarter. ST Germain D J Co. Inc. now owns 262 shares of the company's stock valued at $44,000 after purchasing an additional 100 shares during the period. Peterson Financial Group Inc. purchased a new stake in Hershey during the 3rd quarter worth about $46,000. Future Financial Wealth Managment LLC bought a new position in Hershey in the 3rd quarter worth about $48,000. Finally, City State Bank grew its holdings in Hershey by 210.0% during the 4th quarter. City State Bank now owns 310 shares of the company's stock valued at $52,000 after buying an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 57.96% of the company's stock.

Hershey Trading Down 0.8 %

Hershey stock traded down $1.20 during mid-day trading on Friday, hitting $152.82. The company's stock had a trading volume of 1,937,259 shares, compared to its average volume of 1,299,500. The business has a 50 day moving average price of $171.86 and a 200-day moving average price of $184.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.85 and a quick ratio of 0.54. The Hershey Company has a 12 month low of $150.31 and a 12 month high of $211.92. The stock has a market cap of $30.92 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 4.31 and a beta of 0.38.

Hershey Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, November 18th were issued a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend was Monday, November 18th. Hershey's dividend payout ratio is presently 63.13%.

Analyst Ratings Changes

A number of research firms have recently commented on HSY. Stifel Nicolaus cut their price objective on shares of Hershey from $195.00 to $180.00 and set a "hold" rating for the company in a research report on Friday, October 25th. UBS Group cut their price target on shares of Hershey from $189.00 to $163.00 and set a "neutral" rating for the company in a report on Thursday. Piper Sandler decreased their price target on shares of Hershey from $168.00 to $153.00 and set a "neutral" rating on the stock in a report on Thursday. Citigroup dropped their price objective on Hershey from $165.00 to $159.00 and set a "sell" rating for the company in a research note on Wednesday, January 8th. Finally, Jefferies Financial Group reduced their target price on Hershey from $163.00 to $161.00 and set an "underperform" rating for the company in a research report on Thursday, October 31st. Six investment analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company's stock. Based on data from MarketBeat, Hershey has an average rating of "Hold" and a consensus target price of $176.42.

Hershey Profile

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.