Winnow Wealth LLC decreased its position in shares of Hershey Company (The) (NYSE:HSY – Free Report) by 92.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 405 shares of the company’s stock after selling 5,288 shares during the period. Winnow Wealth LLC’s holdings in Hershey were worth $74,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in HSY. JPL Wealth Management LLC acquired a new stake in shares of Hershey during the 3rd quarter worth approximately $26,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Hershey during the 4th quarter worth approximately $27,000. Manchester Capital Management LLC boosted its position in shares of Hershey by 123.0% during the 4th quarter. Manchester Capital Management LLC now owns 165 shares of the company’s stock worth $30,000 after acquiring an additional 91 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of Hershey during the 3rd quarter worth approximately $35,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Hershey during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 57.96% of the company’s stock.
Insider Activity at Hershey
In other news, CFO Steven E. Voskuil sold 1,500 shares of the business’s stock in a transaction dated Monday, April 20th. The shares were 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 directly owned 57,695 shares of the company’s stock, valued at $11,198,599.50. The trade was a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on HSY
Hershey Price Performance
HSY stock opened at $175.72 on Wednesday. Hershey Company has a 52-week low of $160.07 and a 52-week high of $239.48. The company has a fifty day moving average price of $193.07 and a 200-day moving average price of $198.79. The company has a market capitalization of $35.64 billion, a P/E ratio of 32.72, a PEG ratio of 1.06 and a beta of 0.09. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 1.24.
Hershey (NYSE:HSY – Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.31. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.03 billion. Hershey had a net margin of 9.12% and a return on equity of 28.98%. Hershey’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.09 earnings per share. As a group, equities analysts expect that Hershey Company will post 8.45 EPS for the current year.
Hershey Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 15th will be given a dividend of $1.452 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $5.81 annualized dividend and a dividend yield of 3.3%. Hershey’s payout ratio is presently 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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