Clearview Wealth Advisors LLC acquired a new position in shares of Hershey Company (The) (NYSE:HSY - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,654 shares of the company's stock, valued at approximately $283,000.
A number of other large investors have also recently made changes to their positions in HSY. Palisade Asset Management LLC lifted its position in Hershey by 4.3% during the 1st quarter. Palisade Asset Management LLC now owns 31,089 shares of the company's stock worth $5,317,000 after acquiring an additional 1,285 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of Hershey by 3.1% in the first quarter. Asset Management One Co. Ltd. now owns 89,312 shares of the company's stock valued at $15,275,000 after purchasing an additional 2,687 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of Hershey by 5.8% in the first quarter. Oppenheimer & Co. Inc. now owns 62,352 shares of the company's stock worth $10,664,000 after purchasing an additional 3,432 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Hershey by 1,640.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 24,260 shares of the company's stock worth $4,149,000 after purchasing an additional 22,866 shares during the period. Finally, TrueMark Investments LLC lifted its holdings in shares of Hershey by 8.4% during the first quarter. TrueMark Investments LLC now owns 24,171 shares of the company's stock worth $4,134,000 after purchasing an additional 1,879 shares during the period. 57.96% of the stock is owned by hedge funds and other institutional investors.
Hershey Stock Performance
Shares of HSY stock opened at $173.25 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.11 and a debt-to-equity ratio of 1.11. Hershey Company has a 12-month low of $140.13 and a 12-month high of $208.03. The business's 50 day moving average is $164.50 and its two-hundred day moving average is $165.36. The company has a market capitalization of $35.10 billion, a P/E ratio of 21.36, a P/E/G ratio of 6.26 and a beta of 0.29.
Hershey (NYSE:HSY - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.15. Hershey had a return on equity of 38.70% and a net margin of 15.32%. The business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the prior year, the company posted $3.07 EPS. The business's quarterly revenue was down 13.8% on a year-over-year basis. Analysts expect that Hershey Company will post 6.12 EPS for the current fiscal year.
Hershey Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 16th were given a $1.37 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $5.48 annualized dividend and a dividend yield of 3.16%. Hershey's dividend payout ratio (DPR) is 67.57%.
Insider Activity
In related news, CAO Jennifer Mccalman sold 974 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $157.11, for a total value of $153,025.14. Following the transaction, the chief accounting officer now directly owns 2,994 shares of the company's stock, valued at approximately $470,387.34. This trade represents a 24.55% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michele Buck sold 31,210 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $160.80, for a total value of $5,018,568.00. Following the sale, the chief executive officer now owns 193,624 shares of the company's stock, valued at approximately $31,134,739.20. This trade represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.28% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. Barclays increased their price target on shares of Hershey from $160.00 to $165.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. DA Davidson upped their price objective on shares of Hershey from $162.00 to $163.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Morgan Stanley cut their price objective on shares of Hershey from $183.00 to $177.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. UBS Group decreased their target price on shares of Hershey from $175.00 to $170.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Finally, Citigroup lowered their price target on shares of Hershey from $173.00 to $165.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Five investment analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $158.84.
Check Out Our Latest Stock Analysis on Hershey
About Hershey
(
Free Report)
The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.
See Also
Want to see what other hedge funds are holding HSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hershey Company (The) (NYSE:HSY - Free Report).
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