Strategic Wealth Partners Ltd. Has $5.13 Million Holdings in The Hershey Company (NYSE:HSY)

Strategic Wealth Partners Ltd. lifted its stake in shares of The Hershey Company (NYSE:HSY) by 2.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,740 shares of the company’s stock after purchasing an additional 714 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Hershey were worth $5,128,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Capital Advisors Ltd. LLC lifted its holdings in Hershey by 218.2% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 140 shares of the company’s stock worth $26,000 after buying an additional 96 shares in the last quarter. GHP Investment Advisors Inc. lifted its stake in shares of Hershey by 55.0% during the second quarter. GHP Investment Advisors Inc. now owns 155 shares of the company’s stock valued at $28,000 after acquiring an additional 55 shares during the period. Riverview Trust Co bought a new position in Hershey in the first quarter valued at about $29,000. OFI Invest Asset Management acquired a new stake in Hershey in the second quarter worth about $29,000. Finally, Quarry LP bought a new stake in Hershey during the 4th quarter worth about $34,000. 57.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on HSY. Piper Sandler reaffirmed a “neutral” rating and issued a $179.00 target price on shares of Hershey in a research note on Friday, June 21st. Royal Bank of Canada lowered their target price on shares of Hershey from $209.00 to $205.00 and set a “sector perform” rating for the company in a report on Friday, August 2nd. Bank of America dropped their target price on shares of Hershey from $210.00 to $200.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Barclays reduced their price target on Hershey from $204.00 to $202.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 24th. Finally, UBS Group downgraded Hershey from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $226.00 to $209.00 in a report on Monday. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $197.90.

Hershey Price Performance

Shares of NYSE HSY opened at $187.60 on Wednesday. The company has a fifty day moving average price of $196.32 and a 200 day moving average price of $193.71. The Hershey Company has a 1-year low of $178.82 and a 1-year high of $211.92. The firm has a market cap of $37.94 billion, a PE ratio of 18.59, a PEG ratio of 5.67 and a beta of 0.37. The company has a current ratio of 0.86, a quick ratio of 0.48 and a debt-to-equity ratio of 0.87.

Hershey (NYSE:HSY) last posted its quarterly earnings data on Thursday, August 1st. The company reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.17). The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.30 billion. Hershey had a return on equity of 45.36% and a net margin of 16.76%. The firm’s quarterly revenue was down 16.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.01 earnings per share. Research analysts predict that The Hershey Company will post 9.49 earnings per share for the current fiscal year.

Hershey Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 16th were given a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend was Friday, August 16th. Hershey’s dividend payout ratio is presently 54.31%.

Insider Transactions at Hershey

In other Hershey news, CAO Jennifer Mccalman sold 538 shares of Hershey stock in a transaction on Monday, August 12th. The shares were sold at an average price of $199.17, for a total value of $107,153.46. Following the sale, the chief accounting officer now directly owns 3,238 shares in the company, valued at approximately $644,912.46. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Steven E. Voskuil sold 1,500 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $190.83, for a total value of $286,245.00. Following the completion of the sale, the chief financial officer now owns 34,228 shares of the company’s stock, valued at approximately $6,531,729.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Jennifer Mccalman sold 538 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $199.17, for a total transaction of $107,153.46. Following the completion of the transaction, the chief accounting officer now directly owns 3,238 shares of the company’s stock, valued at $644,912.46. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by insiders.

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.