Sherbrooke Park Advisers LLC bought a new position in shares of The Hershey Company (NYSE:HSY - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 3,292 shares of the company's stock, valued at approximately $558,000.
A number of other hedge funds have also made changes to their positions in the company. Rafferty Asset Management LLC increased its position in Hershey by 12.5% in the 4th quarter. Rafferty Asset Management LLC now owns 12,825 shares of the company's stock valued at $2,172,000 after acquiring an additional 1,426 shares in the last quarter. Raiffeisen Bank International AG bought a new position in Hershey in the fourth quarter valued at approximately $177,000. ProShare Advisors LLC lifted its stake in Hershey by 9.6% in the fourth quarter. ProShare Advisors LLC now owns 22,793 shares of the company's stock valued at $3,860,000 after buying an additional 1,991 shares in the last quarter. Quadcap Wealth Management LLC lifted its position in shares of Hershey by 51.2% in the fourth quarter. Quadcap Wealth Management LLC now owns 2,879 shares of the company's stock worth $488,000 after purchasing an additional 975 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in Hershey by 312.8% during the 4th quarter. Quantinno Capital Management LP now owns 28,963 shares of the company's stock valued at $4,905,000 after purchasing an additional 21,947 shares during the last quarter. Institutional investors and hedge funds own 57.96% of the company's stock.
Hershey Trading Down 0.5%
HSY traded down $0.82 during trading on Tuesday, hitting $155.73. The company's stock had a trading volume of 1,679,401 shares, compared to its average volume of 1,774,843. The firm has a market capitalization of $31.52 billion, a P/E ratio of 14.29, a PEG ratio of 5.90 and a beta of 0.32. The Hershey Company has a twelve month low of $140.13 and a twelve month high of $209.65. The stock's fifty day moving average price is $166.08 and its 200-day moving average price is $167.54. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.68.
Hershey (NYSE:HSY - Get Free Report) last released 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 company 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 revenue for the quarter was down 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.07 EPS. Analysts anticipate that The Hershey Company will post 6.12 EPS for the current year.
Hershey Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders 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 payout ratio is 67.57%.
Analyst Ratings Changes
Several equities analysts have commented on the stock. Mizuho decreased their price objective on shares of Hershey from $170.00 to $140.00 in a report on Wednesday, February 5th. UBS Group cut their price objective 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. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Hershey from $184.00 to $148.00 and set a "hold" rating for the company in a research report on Thursday, January 23rd. Royal Bank of Canada cut their price objective on shares of Hershey from $178.00 to $175.00 and set a "sector perform" rating for the company in a research report on Friday, May 2nd. Finally, Stifel Nicolaus dropped their target price on shares of Hershey from $170.00 to $160.00 and set a "hold" rating for the company in a report on Friday, February 7th. Five research analysts have rated the stock with a sell rating and fifteen have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $161.40.
Check Out Our Latest Stock Report 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.
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