BNP Paribas boosted its position in shares of Hershey Company (The) (NYSE:HSY – Free Report) by 41,714.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,562 shares of the company’s stock after buying an additional 17,520 shares during the quarter. BNP Paribas’ holdings in Hershey were worth $3,197,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. JPL Wealth Management LLC purchased a new position in Hershey during the third quarter worth $26,000. Laurel Wealth Advisors LLC bought a new stake in shares of Hershey during the fourth quarter worth $27,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Hershey during the third quarter worth $35,000. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Hershey during the fourth quarter worth $42,000. Finally, WHI TRUST Co LLC bought a new stake in shares of Hershey during the fourth quarter worth $45,000. 57.96% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts have recently weighed in on HSY shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Hershey in a research report on Tuesday, April 21st. Royal Bank Of Canada restated a “sector perform” rating and issued a $185.00 price objective on shares of Hershey in a report on Tuesday, February 3rd. The Goldman Sachs Group set a $240.00 price objective on Hershey in a report on Friday, May 1st. Wells Fargo & Company decreased their price objective on Hershey from $220.00 to $200.00 and set an “equal weight” rating for the company in a report on Friday, May 1st. Finally, Morgan Stanley decreased their price objective on Hershey from $247.00 to $227.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. Seven investment analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $218.06.
Insider Buying and Selling
In related news, CFO Steven E. Voskuil sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $194.10, for a total value of $291,150.00. Following the sale, the chief financial officer owned 57,695 shares in the company, valued at $11,198,599.50. This represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is currently owned by corporate insiders.
Hershey Stock Performance
HSY opened at $185.92 on Tuesday. Hershey Company has a 52-week low of $157.77 and a 52-week high of $239.48. The company has a quick ratio of 0.77, a current ratio of 1.24 and a debt-to-equity ratio of 0.99. The company has a market cap of $37.71 billion, a P/E ratio of 34.62, a price-to-earnings-growth ratio of 1.16 and a beta of 0.09. The firm’s 50-day moving average price is $196.96 and its 200-day moving average price is $198.76.
Hershey (NYSE:HSY – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.31. Hershey had a net margin of 9.12% and a return on equity of 28.98%. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the prior year, the company posted $2.09 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, equities analysts anticipate that Hershey Company will post 8.45 EPS for the current fiscal year.
Hershey Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 15th will be issued a dividend of $1.452 per share. The ex-dividend date is Friday, May 15th. This represents a $5.81 annualized dividend and a dividend yield of 3.1%. Hershey’s dividend payout ratio is 108.19%.
Hershey Profile
The Hershey Company (NYSE: HSY) is a leading North American chocolatier and snack manufacturer headquartered in Hershey, Pennsylvania. The company develops, produces and markets a wide range of confectionery and snack products for retail, foodservice and international customers. Hershey’s business spans manufacturing, branded product marketing, packaging and distribution across grocery, convenience, mass merchant and e-commerce channels.
Hershey’s product portfolio centers on chocolate and sugar confectionery, including core brands such as Hershey’s, Reese’s, Hershey’s Kisses and Twizzlers, alongside non-chocolate snacks and confectionery brands.
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