6,450 Shares in The Hershey Company (NYSE:HSY) Bought by Entropy Technologies LP

Entropy Technologies LP purchased a new stake in The Hershey Company (NYSE:HSY - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,450 shares of the company's stock, valued at approximately $1,237,000.

A number of other hedge funds have also modified their holdings of HSY. Ashton Thomas Securities LLC purchased a new position in Hershey during the third quarter worth $25,000. Capital Advisors Ltd. LLC raised its stake in Hershey by 218.2% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 140 shares of the company's stock valued at $26,000 after purchasing an additional 96 shares during the last quarter. GHP Investment Advisors Inc. lifted its holdings in Hershey by 55.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 155 shares of the company's stock valued at $28,000 after purchasing an additional 55 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Hershey during the 2nd quarter worth about $29,000. Finally, Crewe Advisors LLC purchased a new stake in shares of Hershey during the first quarter worth about $35,000. 57.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HSY has been the topic of several recent analyst reports. UBS Group downgraded shares of Hershey from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $226.00 to $209.00 in a research note on Monday, October 7th. Sanford C. Bernstein lowered Hershey from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from $230.00 to $205.00 in a research note on Monday, October 7th. Bank of America lowered their price objective on Hershey from $200.00 to $195.00 and set a "neutral" rating for the company in a research report on Tuesday, October 15th. JPMorgan Chase & Co. reduced their target price on Hershey from $188.00 to $180.00 and set a "neutral" rating on the stock in a research report on Monday, October 14th. Finally, The Goldman Sachs Group began coverage on Hershey in a report on Monday, August 12th. They issued a "sell" rating and a $185.00 price target for the company. Five equities research analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $189.33.

Hershey Stock Down 3.1 %

Hershey stock traded down $5.68 during trading on Thursday, reaching $178.77. 2,257,655 shares of the company's stock were exchanged, compared to its average volume of 1,697,749. The Hershey Company has a 52-week low of $171.67 and a 52-week high of $211.92. The firm has a market cap of $36.16 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 4.35 and a beta of 0.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.54 and a current ratio of 0.85. The company's 50-day moving average is $188.28 and its two-hundred day moving average is $192.05.

Hershey Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, November 18th will be paid a $1.37 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 3.07%. Hershey's dividend payout ratio (DPR) is currently 63.13%.

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.