Hershey Company (The) (NYSE:HSY) Shares Bought by Settian Capital LP

Settian Capital LP raised its position in Hershey Company (The) (NYSE:HSY - Free Report) by 59.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,400 shares of the company's stock after acquiring an additional 5,000 shares during the period. Hershey makes up approximately 1.8% of Settian Capital LP's holdings, making the stock its 17th biggest holding. Settian Capital LP's holdings in Hershey were worth $2,292,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HSY. Montag & Caldwell LLC acquired a new stake in shares of Hershey during the fourth quarter worth $25,000. Putney Financial Group LLC acquired a new stake in shares of Hershey during the fourth quarter worth $25,000. Crowley Wealth Management Inc. acquired a new stake in shares of Hershey during the fourth quarter worth $28,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Hershey during the fourth quarter worth $28,000. Finally, Proffitt & Goodson Inc. acquired a new stake in shares of Hershey during the first quarter worth $28,000. 57.96% of the stock is currently owned by institutional investors and hedge funds.

Hershey Price Performance

HSY traded down $0.09 on Thursday, reaching $183.14. 363,390 shares of the company's stock were exchanged, compared to its average volume of 1,861,875. The stock has a market cap of $37.11 billion, a PE ratio of 22.63, a P/E/G ratio of 6.84 and a beta of 0.30. Hershey Company has a twelve month low of $140.13 and a twelve month high of $208.03. The stock's fifty day moving average price is $166.37 and its 200-day moving average price is $164.89. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.59 and a quick ratio of 1.11.

Hershey (NYSE:HSY - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $2.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.15. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.81 billion. Hershey had a net margin of 15.32% and a return on equity of 38.70%. Hershey's quarterly revenue was down 13.8% on a year-over-year basis. During the same period in the previous year, the business posted $3.07 earnings per share. Sell-side analysts expect that Hershey Company will post 6.12 EPS for the current year.

Hershey Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 16th were given a dividend of $1.37 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $5.48 dividend on an annualized basis and a yield of 2.99%. Hershey's payout ratio is presently 67.57%.

Wall Street Analysts Forecast Growth

HSY has been the subject of several research reports. Piper Sandler lifted their price objective on shares of Hershey from $120.00 to $145.00 and gave the stock an "underweight" rating in a research note on Wednesday. UBS Group reduced their target price on shares of Hershey from $175.00 to $170.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Citigroup reduced their target price on shares of Hershey from $173.00 to $165.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Sanford C. Bernstein raised their target price on shares of Hershey from $147.00 to $155.00 and gave the stock a "market perform" rating in a report on Friday, May 2nd. Finally, Royal Bank Of Canada reduced their target price on shares of Hershey from $178.00 to $175.00 and set a "sector perform" rating for the company in a report on Friday, May 2nd. Six analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $160.16.

Insider Buying and Selling

In other Hershey news, CAO Jennifer Mccalman sold 974 shares of the business'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 directly owned 2,994 shares in the company, valued at $470,387.34. The trade was a 24.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Steven E. Voskuil sold 5,000 shares of the business's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $180.00, for a total transaction of $900,000.00. Following the completion of the transaction, the chief financial officer owned 61,319 shares in the company, valued at $11,037,420. The trade was a 7.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,731 shares of company stock worth $13,620,438 over the last ninety days. 0.34% of the stock is currently owned by insiders.

Hershey Company Profile

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.