BDFS Capital LLC Invests $682,000 in Hershey Company (The) $HSY

BDFS Capital LLC acquired a new position in shares of Hershey Company (The) (NYSE:HSYFree Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,745 shares of the company’s stock, valued at approximately $682,000.

Several other large investors have also modified their holdings of the business. PBU The Pension Fund of Early Childhood & Youth Educators acquired a new stake in shares of Hershey in the 4th quarter valued at approximately $9,633,000. Prudential PLC grew its holdings in Hershey by 237.3% during the fourth quarter. Prudential PLC now owns 7,988 shares of the company’s stock worth $1,454,000 after acquiring an additional 5,620 shares during the period. Friedenthal Financial grew its holdings in Hershey by 38,266.7% during the fourth quarter. Friedenthal Financial now owns 5,755 shares of the company’s stock worth $1,047,000 after acquiring an additional 5,740 shares during the period. Jefferies Financial Group Inc. purchased a new position in Hershey in the fourth quarter worth $2,744,000. Finally, Nordea Investment Management AB raised its position in Hershey by 833.3% in the fourth quarter. Nordea Investment Management AB now owns 185,314 shares of the company’s stock worth $33,940,000 after acquiring an additional 165,458 shares in the last quarter. Institutional investors own 57.96% of the company’s stock.

Insider Buying and Selling at Hershey

In related news, CFO Steven E. Voskuil sold 1,500 shares of Hershey 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 transaction, the chief financial officer directly owned 57,695 shares in the company, valued at $11,198,599.50. The trade was a 2.53% decrease in their position. The sale was disclosed in a document filed 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 company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on HSY. TD Cowen upgraded shares of Hershey from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a research report on Friday, May 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Hershey in a research note on Tuesday, April 21st. Stifel Nicolaus decreased their price objective on shares of Hershey from $230.00 to $215.00 and set a “hold” rating on the stock in a report on Tuesday, April 21st. Wells Fargo & Company lowered their target price on shares of Hershey from $220.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Friday, May 1st. Finally, Mizuho dropped their target price on shares of Hershey from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, May 20th. 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 stock currently has an average rating of “Hold” and a consensus price target of $218.06.

Get Our Latest Research Report on HSY

Hershey Trading Down 1.7%

NYSE:HSY opened at $172.38 on Friday. Hershey Company has a 52-week low of $160.07 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 stock has a fifty day simple moving average of $189.07 and a 200-day simple moving average of $198.40. The company has a market capitalization of $34.97 billion, a PE ratio of 32.10, a price-to-earnings-growth ratio of 1.05 and a beta of 0.09.

Hershey (NYSE:HSYGet Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $3.03 billion. During the same period in the prior year, the company earned $2.09 EPS. The firm’s revenue was up 10.7% on a year-over-year basis. On average, equities research analysts expect that Hershey Company will post 8.45 earnings per share for the current fiscal year.

Hershey Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 15th were paid a dividend of $1.452 per share. This represents a $5.81 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, May 15th. Hershey’s dividend payout ratio (DPR) is 108.19%.

Hershey Profile

(Free Report)

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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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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