The Hershey Company (NYSE:HSY) Holdings Raised by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its position in The Hershey Company (NYSE:HSY) by 6.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 168,030 shares of the company’s stock after acquiring an additional 9,621 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.08% of Hershey worth $32,225,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Hershey by 14.2% in the 1st quarter. Vanguard Group Inc. now owns 17,341,721 shares of the company’s stock valued at $3,372,965,000 after acquiring an additional 2,158,912 shares during the last quarter. Janus Henderson Group PLC boosted its position in Hershey by 6.5% during the 1st quarter. Janus Henderson Group PLC now owns 1,487,565 shares of the company’s stock valued at $289,327,000 after purchasing an additional 90,329 shares during the period. Dimensional Fund Advisors LP boosted its position in Hershey by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 787,377 shares of the company’s stock valued at $144,743,000 after purchasing an additional 25,780 shares during the period. Envestnet Asset Management Inc. boosted its position in Hershey by 23.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 783,128 shares of the company’s stock valued at $143,962,000 after purchasing an additional 147,215 shares during the period. Finally, Confluence Investment Management LLC boosted its position in Hershey by 297.9% during the 2nd quarter. Confluence Investment Management LLC now owns 717,831 shares of the company’s stock valued at $131,959,000 after purchasing an additional 537,419 shares during the period. 57.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HSY has been the subject of a number of analyst reports. Argus lowered Hershey from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Sanford C. Bernstein lowered Hershey from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $230.00 to $205.00 in a research report on Monday, October 7th. The Goldman Sachs Group initiated coverage on Hershey in a research report on Monday, August 12th. They set a “sell” rating and a $185.00 price target for the company. Piper Sandler reduced their price target on Hershey from $179.00 to $165.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Finally, Jefferies Financial Group reduced their price target on Hershey from $163.00 to $161.00 and set an “underperform” rating for the company in a research report on Thursday, October 31st. Five research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $191.61.

Insider Transactions at Hershey

In other news, CAO Jennifer Mccalman sold 538 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $199.17, for a total transaction of $107,153.46. Following the sale, the chief accounting officer now directly owns 3,238 shares of the company’s stock, valued at $644,912.46. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.34% of the stock is owned by insiders.

Hershey Stock Down 0.1 %

Shares of Hershey stock opened at $179.00 on Tuesday. The stock’s fifty day moving average is $190.41 and its 200-day moving average is $192.49. The firm has a market capitalization of $36.21 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 4.09 and a beta of 0.38. The company has a quick ratio of 0.48, a current ratio of 0.86 and a debt-to-equity ratio of 0.87. The Hershey Company has a 12-month low of $176.78 and a 12-month high of $211.92.

Hershey 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.