The Hershey Company (NYSE:HSY) Shares Bought by Intellectus Partners LLC

Intellectus Partners LLC raised its position in shares of The Hershey Company (NYSE:HSY) by 11.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,875 shares of the company’s stock after buying an additional 590 shares during the quarter. Intellectus Partners LLC’s holdings in Hershey were worth $1,127,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in Hershey during the 3rd quarter worth about $25,000. Capital Advisors Ltd. LLC grew its position in shares of Hershey by 218.2% in the second quarter. Capital Advisors Ltd. LLC now owns 140 shares of the company’s stock valued at $26,000 after purchasing an additional 96 shares during the last quarter. GHP Investment Advisors Inc. grew its holdings in Hershey by 55.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 155 shares of the company’s stock valued at $28,000 after buying an additional 55 shares during the last quarter. OFI Invest Asset Management bought a new position in Hershey during the second quarter worth $29,000. Finally, Crewe Advisors LLC bought a new position in shares of Hershey during the 1st quarter worth about $35,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HSY. Jefferies Financial Group lowered their price objective on Hershey from $163.00 to $161.00 and set an “underperform” rating on the stock in a research report on Thursday, October 31st. The Goldman Sachs Group assumed coverage on shares of Hershey in a report on Monday, August 12th. They set a “sell” rating and a $185.00 price objective for the company. Argus cut Hershey from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th. Barclays reduced their price objective on Hershey from $202.00 to $180.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, Piper Sandler upped their target price on shares of Hershey from $165.00 to $168.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Five research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $189.33.

Hershey Stock Performance

Shares of HSY opened at $178.77 on Friday. The firm has a market cap of $36.16 billion, a P/E ratio of 20.60, a PEG ratio of 4.42 and a beta of 0.38. The Hershey Company has a twelve month low of $171.67 and a twelve month high of $211.92. The firm’s 50 day moving average price is $188.28 and its two-hundred day moving average price is $192.05. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.54 and a current ratio of 0.85.

Hershey Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, November 18th will be given a dividend of $1.37 per share. The ex-dividend date is Monday, November 18th. This represents a $5.48 annualized dividend and a yield of 3.07%. Hershey’s dividend payout ratio (DPR) 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.