The Hershey Company (NYSE:HSY) Shares Acquired by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of The Hershey Company (NYSE:HSY) by 15.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,211 shares of the company’s stock after buying an additional 2,495 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Hershey were worth $3,318,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Pathway Financial Advisers LLC increased its holdings in shares of Hershey by 47.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,035 shares of the company’s stock worth $199,000 after buying an additional 333 shares during the last quarter. Fidelis Capital Partners LLC boosted its position in Hershey by 23.0% during the 3rd quarter. Fidelis Capital Partners LLC now owns 1,234 shares of the company’s stock worth $225,000 after purchasing an additional 231 shares during the period. GW Henssler & Associates Ltd. purchased a new stake in Hershey during the 3rd quarter worth $4,902,000. Strategic Blueprint LLC purchased a new stake in Hershey during the 3rd quarter worth $227,000. Finally, Integrated Advisors Network LLC boosted its position in Hershey by 7.0% during the 3rd quarter. Integrated Advisors Network LLC now owns 2,372 shares of the company’s stock worth $455,000 after purchasing an additional 156 shares during the period. 57.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HSY. Sanford C. Bernstein cut shares of Hershey from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $230.00 to $205.00 in a research report on Monday, October 7th. Jefferies Financial Group cut shares of Hershey from a “hold” rating to an “underperform” rating and decreased their price target for the stock from $184.00 to $163.00 in a research report on Thursday, September 26th. The Goldman Sachs Group began coverage on shares of Hershey in a research report on Monday, August 12th. They set a “sell” rating and a $185.00 price target for the company. Argus cut shares of Hershey from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Finally, Bank of America decreased their price objective on shares of Hershey from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Five research analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company’s stock. According to data from MarketBeat, Hershey currently has a consensus rating of “Hold” and a consensus target price of $191.11.

Insider Buying and Selling

In related news, CAO Jennifer Mccalman sold 538 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $199.17, for a total transaction of $107,153.46. Following the sale, the chief accounting officer now owns 3,238 shares in the company, valued at $644,912.46. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is owned by company insiders.

Hershey Stock Down 0.5 %

Shares of HSY stock traded down $0.87 during trading hours on Wednesday, hitting $179.15. 157,272 shares of the company were exchanged, compared to its average volume of 1,661,892. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.48 and a current ratio of 0.86. The Hershey Company has a one year low of $178.82 and a one year high of $211.92. The business’s 50-day simple moving average is $191.86 and its two-hundred day simple moving average is $192.62. The stock has a market capitalization of $36.23 billion, a price-to-earnings ratio of 17.84, a P/E/G ratio of 4.22 and a beta of 0.37.

Hershey (NYSE:HSY) last issued its quarterly earnings results on Thursday, August 1st. The company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.17). Hershey had a return on equity of 45.36% and a net margin of 16.76%. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the previous year, the business posted $2.01 EPS. The business’s revenue for the quarter was down 16.7% on a year-over-year basis. Sell-side analysts predict that The Hershey Company will post 9.45 EPS for the current fiscal year.

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.