Wealth Alliance Advisory Group LLC lowered its holdings in The Hershey Company (NYSE:HSY – Free Report) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,405 shares of the company’s stock after selling 72 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in Hershey were worth $238,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Hershey during the third quarter worth about $1,337,000. Principal Financial Group Inc. grew its position in Hershey by 66.7% in the third quarter. Principal Financial Group Inc. now owns 972,836 shares of the company’s stock valued at $186,571,000 after acquiring an additional 389,404 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Hershey by 61.9% during the third quarter. HighTower Advisors LLC now owns 120,159 shares of the company’s stock valued at $23,052,000 after purchasing an additional 45,936 shares during the period. Pensionfund Sabic lifted its position in shares of Hershey by 55.6% during the fourth quarter. Pensionfund Sabic now owns 8,400 shares of the company’s stock worth $1,423,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Clark & Stuart Inc purchased a new position in shares of Hershey in the fourth quarter valued at $654,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $183.00 price objective on shares of Hershey in a report on Tuesday, December 10th. Citigroup lowered their price objective on Hershey from $165.00 to $159.00 and set a “sell” rating for the company in a research note on Wednesday, January 8th. Jefferies Financial Group reduced their target price on Hershey from $163.00 to $161.00 and set an “underperform” rating for the company in a research note on Thursday, October 31st. Stifel Nicolaus dropped their price target on shares of Hershey from $195.00 to $180.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Finally, Mizuho reduced their price objective on shares of Hershey from $195.00 to $170.00 and set a “neutral” rating on the stock in a research note on Monday, December 23rd. Six equities research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $176.42.
Hershey Trading Down 0.8 %
Shares of HSY stock opened at $152.82 on Friday. The firm has a market capitalization of $30.92 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 4.31 and a beta of 0.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.54 and a current ratio of 0.85. The stock has a fifty day moving average of $171.86 and a two-hundred day moving average of $184.39. The Hershey Company has a 1 year low of $150.31 and a 1 year high of $211.92.
Hershey Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, November 18th were paid a dividend of $1.37 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 3.59%. Hershey’s dividend payout ratio is presently 63.13%.
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.
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