Bryn Mawr Capital Management LLC Has $811,000 Stock Position in Hershey Company (The) (NYSE:HSY)

Bryn Mawr Capital Management LLC trimmed its position in Hershey Company (The) (NYSE:HSY - Free Report) by 24.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,741 shares of the company's stock after selling 1,544 shares during the period. Bryn Mawr Capital Management LLC's holdings in Hershey were worth $811,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Trust Co. of Vermont boosted its holdings in shares of Hershey by 2.4% in the 1st quarter. Trust Co. of Vermont now owns 2,691 shares of the company's stock valued at $460,000 after buying an additional 62 shares in the last quarter. Allworth Financial LP lifted its position in Hershey by 0.9% in the first quarter. Allworth Financial LP now owns 7,189 shares of the company's stock valued at $1,179,000 after acquiring an additional 67 shares during the last quarter. UNIVEST FINANCIAL Corp boosted its stake in Hershey by 1.5% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 4,500 shares of the company's stock valued at $762,000 after acquiring an additional 68 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in shares of Hershey by 2.6% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,768 shares of the company's stock worth $473,000 after purchasing an additional 69 shares during the last quarter. Finally, Joel Isaacson & Co. LLC increased its position in shares of Hershey by 3.0% during the first quarter. Joel Isaacson & Co. LLC now owns 2,407 shares of the company's stock worth $412,000 after purchasing an additional 69 shares in the last quarter. 57.96% of the stock is owned by hedge funds and other institutional investors.

Hershey Price Performance

Hershey stock traded up $6.25 during midday trading on Thursday, hitting $170.52. The company's stock had a trading volume of 1,542,705 shares, compared to its average volume of 1,808,116. Hershey Company has a 12 month low of $140.13 and a 12 month high of $208.03. The company has a quick ratio of 1.11, a current ratio of 1.59 and a debt-to-equity ratio of 1.11. The stock's 50-day moving average price is $165.38 and its 200-day moving average price is $164.62. The company has a market capitalization of $34.55 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 6.02 and a beta of 0.30.

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

Hershey Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 16th were issued 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 dividend yield of 3.21%. Hershey's dividend payout ratio is currently 67.57%.

Analyst Upgrades and Downgrades

HSY has been the subject of a number of research analyst reports. Mizuho decreased their target price on Hershey from $167.00 to $155.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Barclays increased their price objective on Hershey from $160.00 to $165.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. DA Davidson lifted their target price 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 decreased their price target on shares of Hershey from $183.00 to $177.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Finally, Sanford C. Bernstein lifted their price objective on shares of Hershey from $147.00 to $155.00 and gave the company a "market perform" rating in a research note on Friday, May 2nd. Six analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $158.84.

Insider Activity

In other Hershey news, insider Rohit Grover sold 1,333 shares of Hershey stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $175.00, for a total transaction of $233,275.00. Following the transaction, the insider directly owned 39,402 shares in the company, valued at approximately $6,895,350. The trade was a 3.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jennifer Mccalman sold 974 shares of the company's stock in a transaction on 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,107 shares of company stock worth $9,008,118 in the last quarter. Insiders own 0.34% of the company's stock.

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.