USS Investment Management Ltd boosted its position in Hershey Company (The) (NYSE:HSY – Free Report) by 9.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,490 shares of the company’s stock after acquiring an additional 2,882 shares during the period. USS Investment Management Ltd’s holdings in Hershey were worth $6,961,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Hershey by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 19,067,235 shares of the company’s stock valued at $3,469,855,000 after purchasing an additional 191,671 shares in the last quarter. Capital International Investors lifted its stake in shares of Hershey by 1.9% in the fourth quarter. Capital International Investors now owns 9,106,431 shares of the company’s stock valued at $1,657,189,000 after buying an additional 169,660 shares in the last quarter. State Street Corp grew its holdings in shares of Hershey by 1.8% during the third quarter. State Street Corp now owns 7,253,041 shares of the company’s stock valued at $1,356,681,000 after buying an additional 128,982 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Hershey by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,315,653 shares of the company’s stock valued at $967,343,000 after buying an additional 124,464 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Hershey by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 4,831,101 shares of the company’s stock worth $876,434,000 after acquiring an additional 104,024 shares in the last quarter. 57.96% of the stock is currently owned by institutional investors.
Hershey Stock Up 2.0%
HSY opened at $182.20 on Friday. Hershey Company has a fifty-two week low of $160.07 and a fifty-two week high of $239.48. The firm has a market capitalization of $36.96 billion, a P/E ratio of 33.93, a PEG ratio of 1.08 and a beta of 0.11. The company’s 50-day moving average is $185.15 and its 200 day moving average is $198.13. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.24 and a quick ratio of 0.77.
Hershey Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 15th were paid a $1.452 dividend. This represents a $5.81 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, May 15th. Hershey’s payout ratio is presently 108.19%.
Insider Activity
In other news, CFO Steven E. Voskuil sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $173.43, for a total value of $260,145.00. Following the completion of the transaction, the chief financial officer directly owned 54,695 shares of the company’s stock, valued at $9,485,753.85. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.08% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
HSY has been the topic of a number of analyst reports. DA Davidson lowered their target price on shares of Hershey from $230.00 to $208.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Stifel Nicolaus cut their price target on Hershey from $230.00 to $215.00 and set a “hold” rating for the company in a research note on Tuesday, April 21st. Weiss Ratings lowered Hershey from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, June 26th. JPMorgan Chase & Co. lowered their price objective on Hershey from $211.00 to $204.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Hershey from $212.00 to $200.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Seven equities research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $217.50.
Get Our Latest Analysis on HSY
About Hershey
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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