Radnor Capital Management LLC Buys Shares of 1,527 The Hershey Company (NYSE:HSY)

Radnor Capital Management LLC bought a new stake in shares of The Hershey Company (NYSE:HSY) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,527 shares of the company’s stock, valued at approximately $293,000.

Other large investors have also made changes to their positions in the company. LPL Financial LLC grew its position in shares of Hershey by 10.0% in the second quarter. LPL Financial LLC now owns 320,680 shares of the company’s stock valued at $58,951,000 after purchasing an additional 29,246 shares in the last quarter. CreativeOne Wealth LLC grew its position in shares of Hershey by 179.4% in the first quarter. CreativeOne Wealth LLC now owns 6,958 shares of the company’s stock valued at $1,353,000 after purchasing an additional 4,468 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Hershey by 239.2% in the first quarter. SG Americas Securities LLC now owns 22,035 shares of the company’s stock valued at $4,286,000 after purchasing an additional 15,538 shares in the last quarter. Sei Investments Co. grew its position in shares of Hershey by 2.2% in the first quarter. Sei Investments Co. now owns 54,540 shares of the company’s stock valued at $10,608,000 after purchasing an additional 1,168 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in shares of Hershey by 20.1% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 15,716 shares of the company’s stock valued at $2,986,000 after purchasing an additional 2,635 shares in the last quarter. 57.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Jennifer Mccalman sold 538 shares of the stock in a transaction 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 sale, the chief accounting officer now directly owns 3,238 shares in the company, valued at approximately $644,912.46. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.29% of the company’s stock.

Hershey Stock Down 2.2 %

Shares of NYSE HSY opened at $172.89 on Friday. The stock has a market cap of $34.97 billion, a P/E ratio of 19.21, a PEG ratio of 4.14 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 Hershey Company has a 12-month low of $171.67 and a 12-month high of $211.92. The business’s fifty day simple moving average is $189.89 and its 200-day simple moving average is $192.34.

Hershey Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, November 18th will be paid a $1.37 dividend. This represents a $5.48 annualized dividend and a dividend yield of 3.17%. Hershey’s payout ratio is currently 60.89%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Bank of America lowered their price objective on Hershey from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Sanford C. Bernstein lowered Hershey from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $230.00 to $205.00 in a research report on Monday, October 7th. Piper Sandler lowered their price objective on Hershey from $179.00 to $165.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. The Goldman Sachs Group assumed coverage on Hershey in a research report on Monday, August 12th. They issued a “sell” rating and a $185.00 price objective for the company. Finally, Royal Bank of Canada lowered their price objective on Hershey from $209.00 to $205.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd. Five analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company’s stock. According to MarketBeat, Hershey presently has a consensus rating of “Hold” and an average target price of $191.61.

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.