Janus Henderson Group PLC increased its holdings in shares of The Hershey Company (NYSE:HSY - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 203,238 shares of the company's stock after buying an additional 2,401 shares during the period. Janus Henderson Group PLC owned about 0.10% of Hershey worth $34,419,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Montag & Caldwell LLC acquired a new stake in Hershey during the 4th quarter worth approximately $25,000. Crowley Wealth Management Inc. acquired a new stake in Hershey during the 4th quarter worth approximately $28,000. Grove Bank & Trust boosted its position in Hershey by 248.0% during the 4th quarter. Grove Bank & Trust now owns 174 shares of the company's stock worth $29,000 after buying an additional 124 shares during the period. Vision Financial Markets LLC acquired a new stake in Hershey during the 4th quarter worth approximately $29,000. Finally, Lee Danner & Bass Inc. acquired a new stake in Hershey during the 4th quarter worth approximately $34,000. 57.96% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms recently commented on HSY. Piper Sandler downgraded shares of Hershey from a "neutral" rating to an "underweight" rating and cut their target price for the stock from $153.00 to $120.00 in a research report on Friday, January 31st. Barclays raised 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. Bernstein Bank lowered their price target on shares of Hershey from $177.00 to $146.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. Citigroup lowered their price target 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. Finally, DA Davidson raised their price target on shares of Hershey from $162.00 to $163.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Five analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $161.40.
Read Our Latest Research Report on Hershey
Hershey Stock Performance
Shares of HSY stock opened at $161.94 on Thursday. The firm has a market capitalization of $32.78 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 5.90 and a beta of 0.32. The firm has a fifty day simple moving average of $167.23 and a two-hundred day simple moving average of $168.12. The company has a current ratio of 0.96, a quick ratio of 0.64 and a debt-to-equity ratio of 0.68. The Hershey Company has a 12 month low of $140.13 and a 12 month high of $209.65.
Hershey (NYSE:HSY - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $2.09 EPS for the quarter, beating analysts' consensus estimates of $1.94 by $0.15. The business had revenue of $2.81 billion during 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%. Hershey's quarterly revenue was down 13.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.07 EPS. Analysts forecast that The Hershey Company will post 6.12 EPS for the current fiscal year.
Hershey Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 16th will be paid a dividend of $1.37 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $5.48 dividend on an annualized basis and a yield of 3.38%. Hershey's dividend payout ratio (DPR) is presently 67.57%.
Hershey Profile
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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.
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