RFG Advisory LLC lowered its stake in The Hershey Company (NYSE:HSY – Free Report) by 24.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 7,265 shares of the company’s stock after selling 2,331 shares during the period. RFG Advisory LLC’s holdings in Hershey were worth $1,230,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in Hershey in the 3rd quarter worth approximately $25,000. Grove Bank & Trust grew its holdings in shares of Hershey by 248.0% in the fourth quarter. Grove Bank & Trust now owns 174 shares of the company’s stock worth $29,000 after purchasing an additional 124 shares during the last quarter. ST Germain D J Co. Inc. increased its stake in shares of Hershey by 61.7% in the fourth quarter. ST Germain D J Co. Inc. now owns 262 shares of the company’s stock worth $44,000 after buying an additional 100 shares during the period. Peterson Financial Group Inc. bought a new stake in Hershey during the 3rd quarter valued at $46,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in Hershey during the 3rd quarter valued at $48,000. Institutional investors own 57.96% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on HSY shares. Royal Bank of Canada restated a “sector perform” rating and issued a $183.00 price objective on shares of Hershey in a research report on Tuesday, December 10th. JPMorgan Chase & Co. lowered their price target on Hershey from $171.00 to $151.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Bank of America reiterated a “neutral” rating and issued a $180.00 price objective on shares of Hershey in a research report on Thursday, December 12th. UBS Group decreased their target price on Hershey from $189.00 to $163.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Mizuho cut their price target on shares of Hershey from $195.00 to $170.00 and set a “neutral” rating on the stock in a report on Monday, December 23rd. Six equities research analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company. Based on data from MarketBeat, Hershey presently has an average rating of “Hold” and an average target price of $171.79.
Hershey Stock Performance
Shares of HSY opened at $150.54 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.76. The stock has a market cap of $30.46 billion, a P/E ratio of 17.34, a P/E/G ratio of 4.28 and a beta of 0.38. The business’s 50 day moving average price is $169.13 and its 200-day moving average price is $183.26. The Hershey Company has a 52 week low of $147.60 and a 52 week high of $211.92.
Hershey Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, November 18th were issued a dividend of $1.37 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $5.48 annualized dividend and a dividend yield of 3.64%. Hershey’s payout ratio is presently 63.13%.
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.
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