Teza Capital Management LLC Has $296,000 Stock Position in The Hershey Company (NYSE:HSY)

Teza Capital Management LLC trimmed its holdings in The Hershey Company (NYSE:HSY - Free Report) by 93.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,749 shares of the company's stock after selling 23,946 shares during the quarter. Teza Capital Management LLC's holdings in Hershey were worth $296,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in HSY. Capital International Investors grew its holdings in shares of Hershey by 31.4% in the 4th quarter. Capital International Investors now owns 12,460,147 shares of the company's stock worth $2,110,126,000 after acquiring an additional 2,980,997 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Hershey by 5.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,635,390 shares of the company's stock valued at $785,003,000 after purchasing an additional 247,675 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Hershey by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 3,801,145 shares of the company's stock valued at $642,139,000 after purchasing an additional 47,394 shares during the period. Northern Trust Corp increased its stake in Hershey by 10.8% in the 4th quarter. Northern Trust Corp now owns 1,578,957 shares of the company's stock worth $267,396,000 after purchasing an additional 154,238 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Hershey by 7.3% during the 4th quarter. Invesco Ltd. now owns 1,282,681 shares of the company's stock worth $217,222,000 after buying an additional 87,498 shares during the period. Institutional investors own 57.96% of the company's stock.

Hershey Stock Up 1.1%

Shares of Hershey stock traded up $1.65 during trading on Monday, hitting $155.51. 1,907,607 shares of the stock traded hands, compared to its average volume of 1,786,878. The stock has a market cap of $31.51 billion, a P/E ratio of 14.27, a PEG ratio of 5.90 and a beta of 0.32. The company has a fifty day moving average price of $164.77 and a two-hundred day moving average price of $166.90. The Hershey Company has a twelve month low of $140.13 and a twelve month high of $208.03. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.64 and a current ratio of 0.96.

Hershey (NYSE:HSY - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $2.09 earnings per share for the quarter, beating the consensus estimate 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 19.83% and a return on equity of 44.77%. The company's revenue for the quarter was down 13.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.07 earnings per share. Equities research analysts predict that The Hershey Company will post 6.12 EPS for the current fiscal year.

Hershey Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 16th will be issued a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend is Friday, May 16th. Hershey's dividend payout ratio is presently 67.57%.

Analyst Upgrades and Downgrades

A number of research firms have commented on HSY. 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 research note on Monday, May 5th. Piper Sandler downgraded shares of Hershey from a "neutral" rating to an "underweight" rating and reduced their price target for the company from $153.00 to $120.00 in a research report on Friday, January 31st. Royal Bank of Canada lowered their price objective on shares of Hershey from $178.00 to $175.00 and set a "sector perform" rating on the stock in a research report on Friday, May 2nd. Wells Fargo & Company boosted their target price on shares of Hershey from $125.00 to $132.00 and gave the company an "underweight" rating in a research note on Friday, March 14th. Finally, UBS Group decreased their target price on Hershey from $175.00 to $170.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Five analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $161.40.

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.