Trivant Custom Portfolio Group LLC Sells 1,651 Shares of The Hershey Company (NYSE:HSY)

Trivant Custom Portfolio Group LLC decreased its stake in shares of The Hershey Company (NYSE:HSY - Free Report) by 28.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,223 shares of the company's stock after selling 1,651 shares during the quarter. Trivant Custom Portfolio Group LLC's holdings in Hershey were worth $715,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HSY. Ashton Thomas Securities LLC bought a new stake in Hershey in the 3rd quarter valued at $25,000. ST Germain D J Co. Inc. raised its position in shares of Hershey by 61.7% in the fourth quarter. ST Germain D J Co. Inc. now owns 262 shares of the company's stock valued at $44,000 after buying an additional 100 shares in the last quarter. Peterson Financial Group Inc. bought a new position in Hershey during the 3rd quarter worth $46,000. Future Financial Wealth Managment LLC acquired a new position in Hershey in the 3rd quarter valued at $48,000. Finally, City State Bank grew its holdings in shares of Hershey by 210.0% during the 4th quarter. City State Bank now owns 310 shares of the company's stock worth $52,000 after purchasing an additional 210 shares in the last quarter. 57.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HSY has been the subject of a number of analyst reports. Stifel Nicolaus dropped their price target on Hershey from $195.00 to $180.00 and set a "hold" rating for the company in a research note on Friday, October 25th. Citigroup lowered their price objective on shares of Hershey from $165.00 to $159.00 and set a "sell" rating for the company in a research report on Wednesday, January 8th. Piper Sandler reduced their target price on Hershey from $168.00 to $153.00 and set a "neutral" rating on the stock in a report on Thursday. Bank of America restated a "neutral" rating and issued a $180.00 price target on shares of Hershey in a research note on Thursday, December 12th. Finally, TD Cowen dropped their price target on Hershey from $190.00 to $172.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Six equities research analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the stock. According to MarketBeat, Hershey currently has an average rating of "Hold" and a consensus price target of $176.42.

Hershey Stock Down 0.8 %

Shares of Hershey stock traded down $1.20 during trading on Friday, reaching $152.82. 1,937,259 shares of the company traded hands, compared to its average volume of 1,299,500. The company has a 50 day moving average price of $171.86 and a 200-day moving average price of $184.39. The Hershey Company has a 1-year low of $150.31 and a 1-year high of $211.92. The firm has a market capitalization of $30.92 billion, a PE ratio of 17.61, a P/E/G ratio of 4.31 and a beta of 0.38. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.85 and a quick ratio of 0.54.

Hershey Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, November 18th were issued a dividend of $1.37 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $5.48 annualized dividend and a yield of 3.59%. Hershey's payout ratio is 63.13%.

Hershey Company 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.