MGO One Seven LLC lowered its position in The Hershey Company (NYSE:HSY – Get Rating) by 4.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,645 shares of the company’s stock after selling 85 shares during the quarter. MGO One Seven LLC’s holdings in Hershey were worth $381,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in HSY. Beaird Harris Wealth Management LLC acquired a new stake in shares of Hershey in the third quarter valued at approximately $26,000. Zions Bancorporation N.A. increased its stake in shares of Hershey by 121.3% during the first quarter. Zions Bancorporation N.A. now owns 135 shares of the company’s stock valued at $29,000 after acquiring an additional 74 shares during the period. Ronald Blue Trust Inc. acquired a new position in shares of Hershey during the second quarter valued at approximately $33,000. Pittenger & Anderson Inc. increased its stake in shares of Hershey by 444.4% during the third quarter. Pittenger & Anderson Inc. now owns 245 shares of the company’s stock valued at $54,000 after acquiring an additional 200 shares during the period. Finally, American National Bank increased its stake in shares of Hershey by 359.3% during the third quarter. American National Bank now owns 248 shares of the company’s stock valued at $55,000 after acquiring an additional 194 shares during the period. Institutional investors and hedge funds own 54.17% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the stock. Jefferies Financial Group raised their price objective on shares of Hershey from $251.00 to $260.00 and gave the company a “hold” rating in a research note on Thursday, March 23rd. Morgan Stanley raised their price objective on shares of Hershey from $231.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Friday, February 3rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Hershey from $237.00 to $251.00 in a research note on Thursday, March 23rd. Wells Fargo & Company raised shares of Hershey from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $230.00 to $255.00 in a research note on Wednesday, March 29th. Finally, StockNews.com raised shares of Hershey from a “hold” rating to a “buy” rating in a research note on Sunday, March 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $249.73.
Insider Buying and Selling at Hershey
Hershey Trading Up 0.2 %
Shares of NYSE HSY opened at $259.87 on Friday. The Hershey Company has a 1-year low of $201.42 and a 1-year high of $261.17. The company has a market cap of $53.02 billion, a PE ratio of 32.65, a P/E/G ratio of 3.59 and a beta of 0.31. The company has a current ratio of 0.80, a quick ratio of 0.44 and a debt-to-equity ratio of 1.01. The company has a 50-day moving average of $242.08 and a two-hundred day moving average of $233.08.
Hershey (NYSE:HSY – Get Rating) last issued its earnings results on Thursday, February 2nd. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.77 by $0.25. Hershey had a net margin of 15.79% and a return on equity of 57.76%. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the prior year, the firm earned $1.69 earnings per share. The business’s quarterly revenue was up 14.0% on a year-over-year basis. As a group, equities analysts expect that The Hershey Company will post 9.37 earnings per share for the current fiscal year.
Hershey Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Friday, February 17th were paid a $1.036 dividend. This represents a $4.14 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, February 16th. Hershey’s payout ratio is presently 52.01%.
Hershey Company Profile
The Hershey Co engages in the manufacture and marketing of chocolate, sweets, mints and confectionery products. The firm operates through the following geographical segments: North America and International and Other. The North America is responsible for the traditional chocolate and non-chocolate confectionery market position of the company, as well as its grocery and snacks market positions, in the United States and Canada.
Read More
- Get a free copy of the StockNews.com research report on Hershey (HSY)
- Costco Sales Disappoint, Markets Are Missing This Upside Driver
- First Republic Bank Is A Speculative Play, Here’s Why
- The WD-40 Company Bottoms With Reversal In Sight
- 3 Low-Cost Stock ETFs That Are Crushing It This Year
- FedEx Takes Flight; Analysts See More Gains Ahead
Want to see what other hedge funds are holding HSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Hershey Company (NYSE:HSY – Get Rating).
Receive News & Ratings for Hershey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hershey and related companies with MarketBeat.com's FREE daily email newsletter.
