The Hershey Company (NYSE:HSY) Shares Bought by Intact Investment Management Inc.

Intact Investment Management Inc. raised its position in The Hershey Company (NYSE:HSY) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,500 shares of the company’s stock after acquiring an additional 900 shares during the quarter. Intact Investment Management Inc.’s holdings in Hershey were worth $6,041,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Donaldson Capital Management LLC grew its position in Hershey by 0.9% in the 3rd quarter. Donaldson Capital Management LLC now owns 19,352 shares of the company’s stock valued at $3,711,000 after acquiring an additional 181 shares in the last quarter. Forum Financial Management LP grew its position in shares of Hershey by 1.6% during the third quarter. Forum Financial Management LP now owns 4,130 shares of the company’s stock worth $792,000 after buying an additional 64 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Hershey by 10.9% during the third quarter. Van ECK Associates Corp now owns 33,708 shares of the company’s stock worth $6,134,000 after buying an additional 3,303 shares in the last quarter. Glassy Mountain Advisors Inc. grew its position in shares of Hershey by 7.1% during the third quarter. Glassy Mountain Advisors Inc. now owns 27,703 shares of the company’s stock worth $5,313,000 after buying an additional 1,842 shares in the last quarter. Finally, Fort Pitt Capital Group LLC acquired a new position in shares of Hershey during the third quarter worth about $3,426,000. 57.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Jennifer Mccalman sold 538 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $199.17, for a total value of $107,153.46. Following the transaction, the chief accounting officer now owns 3,238 shares of the company’s stock, valued at approximately $644,912.46. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HSY. Stifel Nicolaus lowered their price objective on Hershey from $195.00 to $180.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft boosted their price objective on Hershey from $191.00 to $199.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Argus downgraded Hershey from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Sanford C. Bernstein cut Hershey from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $230.00 to $205.00 in a research note on Monday, October 7th. Finally, UBS Group cut Hershey from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $226.00 to $209.00 in a research note on Monday, October 7th. Five equities research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $191.61.

Hershey Trading Down 0.1 %

NYSE:HSY opened at $179.00 on Tuesday. The firm has a market cap of $36.21 billion, a P/E ratio of 19.89, a PEG ratio of 4.09 and a beta of 0.38. The company has a current ratio of 0.86, a quick ratio of 0.48 and a debt-to-equity ratio of 0.87. The stock’s 50 day simple moving average is $190.41 and its 200-day simple moving average is $192.49. 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.