Broadway Wealth Solutions Inc. Buys Shares of 1,887 The Hershey Company (NYSE:HSY)

Broadway Wealth Solutions Inc. bought a new stake in The Hershey Company (NYSE:HSY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,887 shares of the company's stock, valued at approximately $320,000.

Several other large investors also recently bought and sold shares of HSY. Avestar Capital LLC boosted its position in shares of Hershey by 6.0% in the 3rd quarter. Avestar Capital LLC now owns 1,175 shares of the company's stock worth $225,000 after buying an additional 67 shares in the last quarter. UNIVEST FINANCIAL Corp lifted its holdings in shares of Hershey by 1.5% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 4,500 shares of the company's stock valued at $762,000 after purchasing an additional 68 shares in the last quarter. OLD Point Trust & Financial Services N A grew its position in shares of Hershey by 2.2% in the fourth quarter. OLD Point Trust & Financial Services N A now owns 3,240 shares of the company's stock valued at $549,000 after purchasing an additional 70 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Hershey by 1.3% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,546 shares of the company's stock worth $939,000 after purchasing an additional 70 shares in the last quarter. Finally, Private Trust Co. NA raised its position in shares of Hershey by 1.5% during the 4th quarter. Private Trust Co. NA now owns 5,438 shares of the company's stock worth $921,000 after purchasing an additional 81 shares during the last quarter. Institutional investors and hedge funds own 57.96% of the company's stock.

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Insider Buying and Selling

In other news, CAO Jennifer Mccalman sold 278 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $148.00, for a total transaction of $41,144.00. Following the transaction, the chief accounting officer now directly owns 2,682 shares of the company's stock, valued at approximately $396,936. The trade was a 9.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

Hershey Trading Down 0.4 %

HSY stock traded down $0.75 during midday trading on Friday, reaching $169.87. 1,075,173 shares of the company's stock traded hands, compared to its average volume of 1,788,113. The Hershey Company has a fifty-two week low of $140.13 and a fifty-two week high of $211.92. The business has a 50-day moving average price of $164.03 and a two-hundred day moving average price of $173.84. The company has a market capitalization of $34.38 billion, a P/E ratio of 15.58, a PEG ratio of 5.90 and a beta of 0.32. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.96 and a quick ratio of 0.64.

Hershey (NYSE:HSY - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $2.69 earnings per share for the quarter, topping analysts' consensus estimates of $2.40 by $0.29. Hershey had a net margin of 19.83% and a return on equity of 44.77%. Equities research analysts forecast that The Hershey Company will post 6.12 EPS for the current fiscal year.

Hershey Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 17th were issued a dividend of $1.37 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $5.48 annualized dividend and a dividend yield of 3.23%. Hershey's payout ratio is currently 50.28%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HSY shares. Piper Sandler downgraded Hershey from a "neutral" rating to an "underweight" rating and dropped their price target for the stock from $153.00 to $120.00 in a research report on Friday, January 31st. TD Cowen dropped their price objective on Hershey from $190.00 to $172.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company upped their target price on shares of Hershey from $125.00 to $132.00 and gave the company an "underweight" rating in a report on Friday, March 14th. Stifel Nicolaus lowered their price target on shares of Hershey from $170.00 to $160.00 and set a "hold" rating for the company in a report on Friday, February 7th. Finally, Jefferies Financial Group reduced their price objective on shares of Hershey from $150.00 to $134.00 and set an "underperform" rating on the stock in a research note on Tuesday, January 21st. Five analysts have rated the stock with a sell rating and sixteen have issued a hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $162.50.

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.