2 weeks Ago By ABMN Staff
Federated Hermes Inc. trimmed its position in shares of The Hershey Company ( NYSE:HSY – Free Report ) by 97.8% during the 4th quarter, Holdings Channel.
com reports. The institutional investor owned 795 shares of the company’s stock after selling 35,558 shares during the quarter. Federated Hermes Inc.
’s holdings in Hershey were worth $135,000 at the end of the most recent reporting period. A number of other large investors have also bought and sold shares of HSY. Aviva PLC increased its holdings in shares of Hershey by 1,485.
2% in the fourth quarter. Aviva PLC now owns 88,976 shares of the company’s stock valued at $15,068,000 after purchasing an additional 83,363 shares in the last quarter. Resona Asset Management Co.
Ltd. acquired a new stake in shares of Hershey during the fourth quarter worth about $9,446,000. Arete Wealth Advisors LLC lifted its stake in Hershey by 31.
1% in the fourth quarter. Arete Wealth Advisors LLC now owns 4,703 shares of the company’s stock valued at $795,000 after buying an additional 1,115 shares in the last quarter. World Investment Advisors bought a new stake in Hershey in the 4th quarter valued at $221,000.
Finally, RFG Bristol Wealth Advisors LLC acquired a new position in shares of Hershey during the fourth quarter worth about $208,000. 57.96% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth A number of research analysts recently weighed in on the stock. TD Cowen decreased their target price on shares of Hershey from $190.00 to $172.
00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. UBS Group lifted their price objective on shares of Hershey from $159.00 to $175.
00 and gave the stock a “neutral” rating in a research report on Thursday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $178.00 target price on shares of Hershey in a research report on Monday, February 3rd.
Barclays dropped their price objective on shares of Hershey from $170.00 to $160.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th.
Finally, JPMorgan Chase & Co. reduced their target price on Hershey from $171.00 to $151.
00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Five equities research analysts have rated the stock with a sell rating and sixteen have issued a hold rating to the company’s stock. According to MarketBeat, Hershey currently has a consensus rating of “Hold” and a consensus price target of $163.
35. Hershey Price Performance HSY stock opened at $166.41 on Friday.
The company has a market capitalization of $33.68 billion, a P/E ratio of 15.27, a PEG ratio of 5.
90 and a beta of 0.28. The Hershey Company has a 52-week low of $140.
13 and a 52-week high of $211.92. The company has a fifty day moving average price of $168.
78 and a 200-day moving average price of $170.58. 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 released its quarterly earnings results on Thursday, February 6th. The company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.
40 by $0.29. Hershey had a net margin of 19.
83% and a return on equity of 44.77%. As a group, equities analysts expect that The Hershey Company will post 6.
12 EPS for the current year. Hershey Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 17th were given a dividend of $1.
37 per share. This represents a $5.48 annualized dividend and a dividend yield of 3.
29%. The ex-dividend date of this dividend was Friday, February 14th. Hershey’s dividend payout ratio (DPR) is 50.
28%. Insiders Place Their Bets In other Hershey news, CAO Jennifer Mccalman sold 278 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $148.
00, for a total value of $41,144.00. Following the transaction, the chief accounting officer now directly owns 2,682 shares of the company’s stock, valued at approximately $396,936.
This trade represents a 9.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink .
Corporate insiders own 0.28% of the company’s stock. Hershey Profile ( 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. Recommended Stories Want to see what other hedge funds are holding HSY? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for The Hershey Company ( NYSE:HSY – Free Report ). Receive News & Ratings for Hershey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hershey and related companies with MarketBeat.com's FREE daily email newsletter .
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