Smith Chas P & Associates PA Cpas lifted its stake in Hershey Company (The) (NYSE:HSY – Free Report) by 47.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 127,517 shares of the company’s stock after buying an additional 41,241 shares during the period. Smith Chas P & Associates PA Cpas’ holdings in Hershey were worth $23,206,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Larson Financial Group LLC increased its position in shares of Hershey by 2.0% in the fourth quarter. Larson Financial Group LLC now owns 2,561 shares of the company’s stock valued at $466,000 after acquiring an additional 50 shares during the last quarter. ARS Wealth Advisors Group LLC grew its holdings in Hershey by 1.8% during the fourth quarter. ARS Wealth Advisors Group LLC now owns 3,070 shares of the company’s stock worth $559,000 after purchasing an additional 54 shares during the period. Abacus Planning Group Inc. grew its holdings in Hershey by 4.0% during the fourth quarter. Abacus Planning Group Inc. now owns 1,407 shares of the company’s stock worth $256,000 after purchasing an additional 54 shares during the period. BSW Wealth Partners grew its holdings in Hershey by 5.1% during the fourth quarter. BSW Wealth Partners now owns 1,132 shares of the company’s stock worth $206,000 after purchasing an additional 55 shares during the period. Finally, Sapient Capital LLC grew its holdings in Hershey by 5.5% during the fourth quarter. Sapient Capital LLC now owns 1,150 shares of the company’s stock worth $210,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 57.96% of the company’s stock.
Insider Activity
In other news, CFO Steven E. Voskuil sold 1,500 shares of the business’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 transaction of $291,150.00. Following the completion of the sale, the chief financial officer owned 57,695 shares in the company, valued at $11,198,599.50. The trade was a 2.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on HSY
Hershey Trading Up 3.6%
Shares of NYSE:HSY opened at $198.08 on Thursday. Hershey Company has a 12-month low of $154.37 and a 12-month high of $239.48. The stock has a market cap of $40.18 billion, a PE ratio of 36.89, a P/E/G ratio of 1.15 and a beta of 0.07. The business has a 50 day moving average of $198.23 and a 200-day moving average of $198.30. The company has a quick ratio of 0.77, a current ratio of 1.24 and a debt-to-equity ratio of 0.99.
Hershey (NYSE:HSY – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.31. Hershey had a return on equity of 28.98% and a net margin of 9.12%.The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the previous year, the company posted $2.09 earnings per share. The business’s revenue was up 10.7% on a year-over-year basis. As a group, equities research analysts forecast that Hershey Company will post 8.45 earnings per share for the current year.
Hershey Announces Dividend
The company 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. This represents a $5.81 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, May 15th. Hershey’s payout ratio is currently 108.19%.
Hershey Company 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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