Invesco Ltd. raised its position in shares of The Hershey Company (NYSE:HSY - Free Report) by 7.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,282,681 shares of the company's stock after purchasing an additional 87,498 shares during the quarter. Invesco Ltd. owned 0.63% of Hershey worth $217,222,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of HSY. Crowley Wealth Management Inc. purchased a new position in shares of Hershey during the 4th quarter valued at $28,000. Grove Bank & Trust increased its holdings in shares of Hershey by 248.0% during the 4th quarter. Grove Bank & Trust now owns 174 shares of the company's stock valued at $29,000 after acquiring an additional 124 shares during the last quarter. Vision Financial Markets LLC bought a new position in shares of Hershey in the fourth quarter valued at approximately $29,000. Lee Danner & Bass Inc. bought a new stake in Hershey during the fourth quarter valued at about $34,000. Finally, ST Germain D J Co. Inc. boosted its stake in Hershey by 61.7% during the 4th quarter. ST Germain D J Co. Inc. now owns 262 shares of the company's stock valued at $44,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 57.96% of the company's stock.
Insider Buying and Selling at Hershey
In other Hershey news, CAO Jennifer Mccalman sold 278 shares of Hershey stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $148.00, for a total value of $41,144.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,682 shares of the company's stock, valued at $396,936. The trade was a 9.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.34% of the company's stock.
Hershey Stock Performance
HSY stock traded down $2.15 during midday trading on Tuesday, reaching $168.16. 1,252,237 shares of the company were exchanged, compared to its average volume of 1,797,791. The Hershey Company has a one year low of $140.13 and a one year high of $211.92. The firm has a market capitalization of $34.04 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 5.90 and a beta of 0.28. The business has a 50-day moving average price of $167.88 and a two-hundred day moving average price of $171.00. 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 EPS for the quarter, beating 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 year.
Hershey Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 17th were paid a $1.37 dividend. The ex-dividend date was Friday, February 14th. This represents a $5.48 annualized dividend and a yield of 3.26%. Hershey's dividend payout ratio (DPR) is presently 50.28%.
Analyst Ratings Changes
HSY has been the topic of several research reports. TD Cowen dropped their price objective on shares of Hershey from $190.00 to $172.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Jefferies Financial Group reduced their target price on Hershey from $150.00 to $134.00 and set an "underperform" rating for the company in a research report on Tuesday, January 21st. Royal Bank of Canada reissued a "sector perform" rating and issued a $178.00 price target on shares of Hershey in a report on Monday, February 3rd. DA Davidson reduced their price objective on shares of Hershey from $164.00 to $149.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Finally, Barclays lowered their target price on shares of Hershey from $170.00 to $160.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. Five equities research analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $163.05.
Check Out Our Latest Research Report on Hershey
Hershey Profile
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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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