By otakuyassine3@gmail.com 
Marshall Financial Group LLC lifted its position in The Hershey Company (NYSE:HSY – Free Report) by 5.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,177 shares of the company’s stock after buying an additional 261 shares during the period. Marshall Financial Group LLC’s holdings in Hershey were worth $877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently modified their holdings of the company. International Assets Investment Management LLC grew its stake in shares of Hershey by 30,461.7% during the 3rd quarter. International Assets Investment Management LLC now owns 573,643 shares of the company’s stock valued at $1,100,130,000 after purchasing an additional 571,766 shares during the period. Principal Financial Group Inc. raised 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 worth $186,571,000 after acquiring an additional 389,404 shares during the period. State Street Corp boosted its stake in shares of Hershey by 5.8% during the 3rd quarter. State Street Corp now owns 7,029,551 shares of the company’s stock worth $1,348,127,000 after acquiring an additional 386,670 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Hershey by 31.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 586,565 shares of the company’s stock valued at $112,491,000 after acquiring an additional 139,831 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Hershey by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,387,715 shares of the company’s stock worth $841,476,000 after purchasing an additional 109,336 shares in the last quarter. Institutional investors own 57.96% of the company’s stock.
Hershey Stock Up 0.4 %
NYSE 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 Hershey Company has a 52 week low of $147.60 and a 52 week high of $211.92. The firm has a market capitalization of $30.46 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 4.28 and a beta of 0.38. The company has a fifty day moving average of $169.13 and a two-hundred day moving average of $183.26.
Hershey Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors 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 yield of 3.64%. Hershey’s payout ratio is 63.13%.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. Piper Sandler cut their price target on Hershey from $168.00 to $153.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. TD Cowen reduced their target price on shares of Hershey from $190.00 to $172.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Bank of America reaffirmed a “neutral” rating and set a $180.00 price target on shares of Hershey in a report on Thursday, December 12th. Wells Fargo & Company reduced their price objective on shares of Hershey from $150.00 to $140.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. Finally, Jefferies Financial Group lowered their target price on shares of Hershey from $150.00 to $134.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 21st. Six analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $171.79.
Get Our Latest Report on Hershey
About Hershey
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.
Further Reading
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