Tradewinds LLC. bought a new stake in The Hershey Company (NYSE:HSY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,800 shares of the company's stock, valued at approximately $285,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Crowley Wealth Management Inc. bought a new position in Hershey during the fourth quarter valued at $28,000. Grove Bank & Trust lifted its holdings in shares of Hershey by 248.0% in 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 purchased a new position in Hershey in the fourth quarter worth about $29,000. Lee Danner & Bass Inc. bought a new stake in Hershey during the fourth quarter worth approximately $34,000. Finally, ST Germain D J Co. Inc. raised its position in Hershey by 61.7% during the fourth 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. 57.96% of the stock is owned by hedge funds and other institutional investors.
Hershey Stock Down 2.8 %
NYSE HSY traded down $4.71 during trading on Friday, hitting $162.12. The company's stock had a trading volume of 2,504,452 shares, compared to its average volume of 1,790,664. The Hershey Company has a fifty-two week low of $140.13 and a fifty-two week high of $211.92. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.96 and a quick ratio of 0.64. The company has a market cap of $32.81 billion, a PE ratio of 14.87, a P/E/G ratio of 5.90 and a beta of 0.32. The business's 50 day simple moving average is $165.30 and its 200-day simple moving average is $173.14.
Hershey (NYSE:HSY - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.29. Hershey had a net margin of 19.83% and a return on equity of 44.77%. On average, equities analysts anticipate that The Hershey Company will post 6.12 EPS for the current fiscal year.
Hershey Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 17th were given a dividend of $1.37 per share. The ex-dividend date was Friday, February 14th. This represents a $5.48 dividend on an annualized basis and a yield of 3.38%. Hershey's dividend payout ratio is currently 50.28%.
Insider Buying and Selling at Hershey
In other Hershey news, CAO Jennifer Mccalman sold 278 shares of Hershey stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $148.00, for a total transaction 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 approximately $396,936. The trade was a 9.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.34% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the company. Stifel Nicolaus cut their target price on Hershey from $170.00 to $160.00 and set a "hold" rating on the stock in a research report on Friday, February 7th. Barclays cut their price objective on shares of Hershey from $170.00 to $160.00 and set an "equal weight" rating on the stock in a research report on Monday, February 10th. DA Davidson lowered their target price 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. Mizuho cut their price target on shares of Hershey from $170.00 to $140.00 in a report on Wednesday, February 5th. Finally, TD Cowen lowered their price target on Hershey from $190.00 to $172.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Five research analysts have rated the stock with a sell rating and sixteen have given a hold rating to the stock. According to MarketBeat.com, Hershey has a consensus rating of "Hold" and an average target price of $162.50.
View Our Latest Stock 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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