Rep. Marjorie Taylor Greene Buys Shares of The Hershey Company (NYSE:HSY)

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of The Hershey Company NYSE: HSY. In a filing disclosed on November 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Hershey stock on November 7th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Berkshire Hathaway NYSE: BRK.B on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of FedEx NYSE: FDX on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of Dell Technologies NYSE: DELL on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of Southern NYSE: SO on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of Tractor Supply NASDAQ: TSCO on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of Blackstone NYSE: BX on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of Palo Alto Networks NASDAQ: PANW on 11/7/2024.

Hershey Price Performance

Shares of HSY stock traded up $2.99 during mid-day trading on Tuesday, reaching $181.50. The stock had a trading volume of 2,514,675 shares, compared to its average volume of 1,692,802. The Hershey Company has a 12-month low of $171.67 and a 12-month high of $211.92. The company has a current ratio of 0.85, a quick ratio of 0.48 and a debt-to-equity ratio of 0.76. The business has a 50-day simple moving average of $188.88 and a 200 day simple moving average of $192.13. The company has a market cap of $36.72 billion, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 4.22 and a beta of 0.38.

Hershey Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, November 18th will be issued a $1.37 dividend. This represents a $5.48 annualized dividend and a yield of 3.02%. The ex-dividend date is Monday, November 18th. Hershey's dividend payout ratio (DPR) is 63.13%.

Institutional Investors Weigh In On Hershey

Several hedge funds and other institutional investors have recently modified their holdings of HSY. LPL Financial LLC boosted its position in Hershey by 10.0% during the 2nd quarter. LPL Financial LLC now owns 320,680 shares of the company's stock valued at $58,951,000 after purchasing an additional 29,246 shares during the period. CreativeOne Wealth LLC boosted its stake in shares of Hershey by 179.4% during the 1st quarter. CreativeOne Wealth LLC now owns 6,958 shares of the company's stock worth $1,353,000 after acquiring an additional 4,468 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Hershey by 239.2% during the first quarter. SG Americas Securities LLC now owns 22,035 shares of the company's stock valued at $4,286,000 after purchasing an additional 15,538 shares during the last quarter. Sei Investments Co. increased its stake in Hershey by 2.2% in the 1st quarter. Sei Investments Co. now owns 54,540 shares of the company's stock valued at $10,608,000 after buying an additional 1,168 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of Hershey by 20.1% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 15,716 shares of the company's stock valued at $2,986,000 after buying an additional 2,635 shares during the period. Institutional investors own 57.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HSY. Piper Sandler boosted their price objective on shares of Hershey from $165.00 to $168.00 and gave the company a "neutral" rating in a research report on Friday. UBS Group lowered Hershey from a "buy" rating to a "neutral" rating and dropped their target price for the company from $226.00 to $209.00 in a research note on Monday, October 7th. Argus cut Hershey from a "buy" rating to a "hold" rating in a report on Wednesday, August 14th. Redburn Atlantic began coverage on shares of Hershey in a report on Tuesday, October 22nd. They set a "sell" rating and a $165.00 price objective on the stock. Finally, Citigroup downgraded shares of Hershey from a "neutral" rating to a "sell" rating and lowered their target price for the company from $195.00 to $182.00 in a report on Tuesday, August 27th. Five research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $189.33.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia's 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia's 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor's degree in business administration from the University of Georgia. Greene's career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

About Hershey

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.