Envestnet Portfolio Solutions Inc. Acquires 4,630 Shares of The Hershey Company (NYSE:HSY)

Envestnet Portfolio Solutions Inc. lifted its position in The Hershey Company (NYSE:HSY - Free Report) by 36.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,235 shares of the company's stock after purchasing an additional 4,630 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Hershey were worth $2,919,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Avestar Capital LLC increased its holdings in shares of Hershey by 6.0% in the third quarter. Avestar Capital LLC now owns 1,175 shares of the company's stock worth $225,000 after purchasing an additional 67 shares during the period. Kingsview Wealth Management LLC increased its holdings in shares of Hershey by 1.0% in the third quarter. Kingsview Wealth Management LLC now owns 8,151 shares of the company's stock worth $1,563,000 after purchasing an additional 80 shares during the period. Private Trust Co. NA increased its stake in Hershey by 1.5% in the fourth quarter. Private Trust Co. NA now owns 5,438 shares of the company's stock valued at $921,000 after acquiring an additional 81 shares during the last quarter. Waterfront Wealth Inc. increased its stake in Hershey by 1.4% in the fourth quarter. Waterfront Wealth Inc. now owns 5,744 shares of the company's stock valued at $973,000 after acquiring an additional 82 shares during the last quarter. Finally, Advisory Alpha LLC increased its stake in Hershey by 3.2% in the fourth quarter. Advisory Alpha LLC now owns 2,988 shares of the company's stock valued at $506,000 after acquiring an additional 94 shares during the last quarter. Institutional investors own 57.96% of the company's stock.

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Hershey Trading Up 1.8 %

Shares of Hershey stock traded up $2.91 during trading on Friday, reaching $167.38. 3,046,959 shares of the stock were exchanged, compared to its average volume of 1,753,532. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.68. The stock's fifty day moving average is $162.61 and its 200 day moving average is $174.96. The firm has a market cap of $33.88 billion, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 5.90 and a beta of 0.32. The Hershey Company has a 1 year low of $140.13 and a 1 year high of $211.92.

Hershey (NYSE:HSY - Get Free Report) last posted its 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%. As a group, equities research analysts expect that The Hershey Company will post 6.12 earnings per share for the current fiscal year.

Hershey Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 17th were issued a $1.37 dividend. The ex-dividend date was Friday, February 14th. This represents a $5.48 annualized dividend and a yield of 3.27%. Hershey's dividend payout ratio (DPR) is presently 50.28%.

Insiders Place Their Bets

In other Hershey news, CAO Jennifer Mccalman sold 278 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $148.00, for a total value of $41,144.00. Following the completion of the sale, the chief accounting officer now directly owns 2,682 shares in the company, valued at $396,936. This trade represents a 9.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.34% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

HSY has been the topic of a number of research analyst reports. Royal Bank of Canada reissued a "sector perform" rating and issued a $178.00 target price on shares of Hershey in a research note on Monday, February 3rd. Barclays reduced their target price on Hershey from $170.00 to $160.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. Piper Sandler cut Hershey from a "neutral" rating to an "underweight" rating and reduced their target price for the company from $153.00 to $120.00 in a research note on Friday, January 31st. Stifel Nicolaus reduced their target price on Hershey from $170.00 to $160.00 and set a "hold" rating on the stock in a research note on Friday, February 7th. Finally, Bank of America restated a "neutral" rating and set a $180.00 price target on shares of Hershey in a research report on Thursday, December 12th. Five investment analysts have rated the stock with a sell rating and sixteen have given a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $163.75.

Hershey Company 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.