Intech Investment Management LLC increased its stake in The Hershey Company (NYSE:HSY - Free Report) by 73.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,257 shares of the company's stock after purchasing an additional 4,772 shares during the period. Intech Investment Management LLC's holdings in Hershey were worth $2,159,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. GHP Investment Advisors Inc. lifted its stake in Hershey by 55.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 155 shares of the company's stock valued at $28,000 after acquiring an additional 55 shares during the period. Burns J W & Co. Inc. NY lifted its stake in Hershey by 0.8% during the 3rd quarter. Burns J W & Co. Inc. NY now owns 7,355 shares of the company's stock valued at $1,411,000 after acquiring an additional 58 shares during the period. Wesbanco Bank Inc. lifted its stake in Hershey by 3.7% during the 2nd quarter. Wesbanco Bank Inc. now owns 1,673 shares of the company's stock valued at $308,000 after acquiring an additional 59 shares during the period. Brighton Jones LLC lifted its stake in Hershey by 2.3% during the 2nd quarter. Brighton Jones LLC now owns 2,631 shares of the company's stock valued at $484,000 after acquiring an additional 59 shares during the period. Finally, Valley Brook Capital Group Inc. lifted its stake in Hershey by 1.5% during the 2nd quarter. Valley Brook Capital Group Inc. now owns 4,067 shares of the company's stock valued at $748,000 after acquiring an additional 61 shares during the period. 57.96% of the stock is currently owned by institutional investors and hedge funds.
Hershey Trading Up 0.4 %
Hershey stock traded up $0.68 during midday trading on Monday, hitting $175.49. 2,088,221 shares of the stock were exchanged, compared to its average volume of 1,703,502. The Hershey Company has a fifty-two week low of $168.16 and a fifty-two week high of $211.92. The stock has a market capitalization of $35.51 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 4.19 and a beta of 0.38. The stock's 50-day simple moving average is $184.00 and its 200 day simple moving average is $190.73. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.76.
Hershey Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, November 18th will be given a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a yield of 3.12%. The ex-dividend date is Monday, November 18th. Hershey's payout ratio is currently 63.13%.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on HSY. Deutsche Bank Aktiengesellschaft increased their price target on shares of Hershey from $191.00 to $199.00 and gave the stock a "hold" rating in a report on Tuesday, September 10th. Citigroup downgraded shares of Hershey from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $195.00 to $182.00 in a report on Tuesday, August 27th. JPMorgan Chase & Co. lowered their price target on shares of Hershey from $188.00 to $180.00 and set a "neutral" rating on the stock in a report on Monday, October 14th. Stifel Nicolaus lowered their price target on shares of Hershey from $195.00 to $180.00 and set a "hold" rating on the stock in a report on Friday, October 25th. Finally, Jefferies Financial Group lowered their price target on shares of Hershey from $163.00 to $161.00 and set an "underperform" rating on the stock in a report on Thursday, October 31st. Five investment analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company's stock. According to data from MarketBeat.com, Hershey has a consensus rating of "Hold" and a consensus target price of $189.33.
View Our Latest Research Report on Hershey
About Hershey
(
Free Report)
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.
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