The Hershey Company (NYSE:HSY) Shares Sold by RWA Wealth Partners LLC

RWA Wealth Partners LLC cut its position in shares of The Hershey Company (NYSE:HSY) by 13.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,802 shares of the company’s stock after selling 1,087 shares during the quarter. RWA Wealth Partners LLC’s holdings in Hershey were worth $1,152,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Portland Global Advisors LLC raised its stake in shares of Hershey by 0.9% during the 4th quarter. Portland Global Advisors LLC now owns 29,275 shares of the company’s stock worth $4,958,000 after buying an additional 251 shares during the last quarter. Allianz SE acquired a new position in Hershey during the fourth quarter worth about $1,159,000. Allstate Corp purchased a new stake in shares of Hershey in the fourth quarter valued at about $757,000. Brown Brothers Harriman & Co. grew its position in shares of Hershey by 51.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 710 shares of the company’s stock valued at $120,000 after purchasing an additional 241 shares during the last quarter. Finally, RiverFront Investment Group LLC increased its stake in shares of Hershey by 324.3% during the 4th quarter. RiverFront Investment Group LLC now owns 6,577 shares of the company’s stock worth $1,114,000 after purchasing an additional 5,027 shares in the last quarter. 57.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on HSY shares. JPMorgan Chase & Co. lowered their target price on Hershey from $171.00 to $151.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company lifted their price objective on Hershey from $125.00 to $132.00 and gave the stock an “underweight” rating in a research report on Friday, March 14th. DA Davidson reduced their target price on shares of Hershey from $164.00 to $149.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Mizuho decreased their price target on shares of Hershey from $170.00 to $140.00 in a research note on Wednesday, February 5th. Finally, Piper Sandler lowered shares of Hershey from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $153.00 to $120.00 in a research report on Friday, January 31st. Five investment analysts have rated the stock with a sell rating and sixteen have given a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $162.50.

Insider Buying and Selling at Hershey

In other news, CAO Jennifer Mccalman sold 278 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $148.00, for a total value of $41,144.00. Following the completion of the sale, the chief accounting officer now owns 2,682 shares in the company, valued at approximately $396,936. This trade represents a 9.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.34% of the stock is currently owned by corporate insiders.

Hershey Stock Performance

NYSE HSY opened at $170.99 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.96 and a quick ratio of 0.64. The Hershey Company has a 1-year low of $140.13 and a 1-year high of $211.92. The firm has a market capitalization of $34.61 billion, a P/E ratio of 15.69, a P/E/G ratio of 5.90 and a beta of 0.32. The business’s 50-day simple moving average is $164.39 and its 200-day simple moving average is $173.48.

Hershey (NYSE:HSY) last announced its quarterly earnings results on Thursday, February 6th. The company reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.29. Hershey had a net margin of 19.83% and a return on equity of 44.77%. Equities analysts predict that The Hershey Company will post 6.12 EPS for the current year.

Hershey Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 17th were issued a $1.37 dividend. The ex-dividend date was Friday, February 14th. This represents a $5.48 annualized dividend and a yield of 3.20%. Hershey’s dividend payout ratio is currently 50.28%.

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.