Kathmere Capital Management LLC Purchases Shares of 2,370 The Hershey Company (NYSE:HSY)

Kathmere Capital Management LLC purchased a new position in The Hershey Company (NYSE:HSY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,370 shares of the company's stock, valued at approximately $401,000.

Several other hedge funds also recently made changes to their positions in HSY. Ashton Thomas Securities LLC bought a new stake in Hershey during the 3rd quarter worth approximately $25,000. ST Germain D J Co. Inc. grew its position in shares of 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 in the last quarter. Peterson Financial Group Inc. bought a new position in shares of Hershey in the third quarter worth $46,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Hershey in the third quarter worth $48,000. Finally, City State Bank boosted its stake in Hershey by 210.0% during the fourth quarter. City State Bank now owns 310 shares of the company's stock valued at $52,000 after buying an additional 210 shares during the period. 57.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HSY has been the topic of several recent analyst reports. Jefferies Financial Group lowered their price target on Hershey from $163.00 to $161.00 and set an "underperform" rating on the stock in a report on Thursday, October 31st. Piper Sandler lowered their target price on shares of Hershey from $168.00 to $153.00 and set a "neutral" rating on the stock in a research note on Thursday. UBS Group cut their price target on shares of Hershey from $189.00 to $163.00 and set a "neutral" rating for the company in a research note on Thursday. Sanford C. Bernstein lowered shares of Hershey from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $230.00 to $205.00 in a report on Monday, October 7th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Hershey from $171.00 to $151.00 and set a "neutral" rating for the company in a report on Thursday. Six equities 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 currently has a consensus rating of "Hold" and an average target price of $176.42.

Hershey Trading Down 0.8 %

HSY stock traded down $1.20 during midday trading on Friday, hitting $152.82. The company had a trading volume of 1,937,259 shares, compared to its average volume of 2,068,729. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.76. The Hershey Company has a 52 week low of $150.31 and a 52 week high of $211.92. The stock has a market cap of $30.92 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 4.31 and a beta of 0.38. The stock's 50 day moving average price is $171.86 and its 200 day moving average price is $184.39.

Hershey Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, November 18th were given a dividend of $1.37 per share. The ex-dividend date was Monday, November 18th. This represents a $5.48 annualized dividend and a yield of 3.59%. Hershey's payout ratio 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.