21,616 Shares of Hershey Company (The) $HSY Bought by Hohimer Wealth Management LLC

Key Points

• Hohimer Wealth Management opened a Hershey position, buying 21,616 shares worth approximately $3.4 million in the third quarter.
• Hershey reported quarterly earnings of $2.64 per share, beating analysts’ $2.11 estimate; revenue of $3.28 billion also topped expectations and rose 3% year over year.
• The company declared a quarterly dividend of $1.452 per share, equivalent to an annualized yield of 3.3%. Analysts’ consensus rating was “Hold,” with an average price target of $193.81.

Hohimer Wealth Management LLC purchased a new stake in Hershey Company (The) (NYSE:HSY - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 21,616 shares of the company's stock, valued at approximately $3,407,000.

Other hedge funds have also recently bought and sold shares of the company. Bell Investment Advisors Inc acquired a new position in shares of Hershey in the second quarter valued at approximately $26,000. GKV Capital Management Co. Inc. bought a new position in shares of Hershey during the first quarter worth approximately $27,000. Compass Wealth Management LLC acquired a new stake in Hershey during the 3rd quarter worth approximately $31,000. Frazier Financial Advisors LLC acquired a new stake in Hershey during the 2nd quarter worth approximately $33,000. Finally, Latitude Advisors LLC bought a new stake in Hershey in the 3rd quarter valued at $33,000. 57.96% of the stock is currently owned by institutional investors and hedge funds.

Hershey Trading Down 0.1%

Shares of HSY stock opened at $177.96 on Monday. The stock has a market cap of $35.77 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 1.60 and a beta of 0.08. Hershey Company has a 1 year low of $156.16 and a 1 year high of $239.48. The company has a current ratio of 1.24, a quick ratio of 0.72 and a debt-to-equity ratio of 0.92. The stock has a 50 day simple moving average of $168.44 and a 200 day simple moving average of $188.41.

Hershey (NYSE:HSY - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The company reported $2.64 EPS for the quarter, topping analysts' consensus estimates of $2.11 by $0.53. The firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Hershey had a return on equity of 37.12% and a net margin of 14.63%. The company's revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $1.30 EPS. On average, research analysts predict that Hershey Company will post 8.63 earnings per share for the current fiscal year.

Hershey Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 16th will be given a $1.4520 dividend. The ex-dividend date is Monday, November 16th. This represents a $5.81 dividend on an annualized basis and a dividend yield of 3.3%. Hershey's dividend payout ratio (DPR) is presently 65.72%.

Analysts Set New Price Targets

HSY has been the topic of a number of research reports. UBS Group decreased their price objective on Hershey from $178.00 to $175.00 and set a "neutral" rating on the stock in a report on Friday, October 30th. Royal Bank Of Canada dropped their target price on Hershey from $212.00 to $206.00 and set a "sector perform" rating for the company in a report on Tuesday, October 27th. Sanford C. Bernstein reissued a "market perform" rating and issued a $201.00 target price (down from $208.00) on shares of Hershey in a research report on Friday, July 31st. Rothschild & Co Redburn boosted their target price on shares of Hershey from $166.00 to $170.00 and gave the company a "sell" rating in a research report on Wednesday, August 5th. Finally, Bank of America restated a "neutral" rating and issued a $170.00 price target on shares of Hershey in a research note on Friday, October 30th. Seven investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $193.81.

Hershey Company Profile

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