GSA Capital Partners LLP acquired a new position in shares of Hershey Company (The) (NYSE:HSY – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,900 shares of the company’s stock, valued at approximately $684,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Syon Capital LLC boosted its stake in Hershey by 1.5% in the 4th quarter. Syon Capital LLC now owns 3,020 shares of the company’s stock worth $550,000 after purchasing an additional 46 shares during the period. Haverford Trust Co lifted its holdings in shares of Hershey by 0.7% in the fourth quarter. Haverford Trust Co now owns 6,796 shares of the company’s stock valued at $1,237,000 after purchasing an additional 46 shares in the last quarter. Larson Financial Group LLC lifted its stake in Hershey by 2.0% in the 4th 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 in the last quarter. Venture Visionary Partners LLC boosted its position in Hershey by 0.7% during the 4th quarter. Venture Visionary Partners LLC now owns 8,034 shares of the company’s stock worth $1,462,000 after acquiring an additional 53 shares during the last quarter. Finally, Bruce G. Allen Investments LLC boosted its position in Hershey by 4.3% during the 4th quarter. Bruce G. Allen Investments LLC now owns 1,325 shares of the company’s stock worth $241,000 after acquiring an additional 55 shares during the last quarter. 57.96% of the stock is currently owned by institutional investors and hedge funds.
Hershey Stock Up 3.0%
Hershey stock opened at $189.04 on Thursday. The stock has a market cap of $37.98 billion, a P/E ratio of 25.83, a P/E/G ratio of 1.12 and a beta of 0.11. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 1.03. Hershey Company has a twelve month low of $161.43 and a twelve month high of $239.48. The company’s 50-day moving average price is $178.15 and its two-hundred day moving average price is $195.61.
Hershey Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be issued a dividend of $1.452 per share. This represents a $5.81 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, August 14th. Hershey’s dividend payout ratio (DPR) is presently 79.37%.
Insider Buying and Selling
In other Hershey news, CFO Steven E. Voskuil sold 1,500 shares of the company’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $170.00, for a total value of $255,000.00. Following the transaction, the chief financial officer directly owned 53,195 shares of the company’s stock, valued at $9,043,150. This represents a 2.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through 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
Several equities research analysts have issued reports on the stock. Mizuho lowered their price target on shares of Hershey from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 20th. Morgan Stanley reduced their price objective on shares of Hershey from $247.00 to $227.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. DA Davidson set a $190.00 price objective on Hershey in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $191.00 target price on shares of Hershey in a research report on Friday, July 31st. Finally, Bank of America dropped their target price on Hershey from $220.00 to $200.00 and set a “neutral” rating on the stock in a report on Thursday, June 25th. Seven investment analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $203.61.
Get Our Latest Analysis on Hershey
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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