Dakota Wealth Management Sells 117 Shares of The Hershey Company (NYSE:HSY)

Dakota Wealth Management trimmed its holdings in The Hershey Company (NYSE:HSY) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,194 shares of the company’s stock after selling 117 shares during the quarter. Dakota Wealth Management’s holdings in Hershey were worth $6,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Hershey by 14.2% in the 1st quarter. Vanguard Group Inc. now owns 17,341,721 shares of the company’s stock worth $3,372,965,000 after purchasing an additional 2,158,912 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Hershey by 30,461.7% in the third quarter. International Assets Investment Management LLC now owns 573,643 shares of the company’s stock worth $1,100,130,000 after acquiring an additional 571,766 shares in the last quarter. Confluence Investment Management LLC grew its stake in shares of Hershey by 297.9% in the second quarter. Confluence Investment Management LLC now owns 717,831 shares of the company’s stock worth $131,959,000 after acquiring an additional 537,419 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of Hershey during the second quarter valued at $82,123,000. Finally, Bryn Mawr Capital Management LLC raised its position in shares of Hershey by 3,404.3% in the 1st quarter. Bryn Mawr Capital Management LLC now owns 256,447 shares of the company’s stock worth $49,879,000 after purchasing an additional 249,129 shares during the last quarter. 57.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HSY. Argus downgraded shares of Hershey from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. reduced their price target on shares of Hershey from $188.00 to $180.00 and set a “neutral” rating for the company in a research report on Monday, October 14th. Jefferies Financial Group cut Hershey from a “hold” rating to an “underperform” rating and lowered their price objective for the company from $184.00 to $163.00 in a research report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft lifted their target price on Hershey from $191.00 to $199.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Finally, Barclays lowered their price target on Hershey from $204.00 to $202.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 24th. Five research analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Hershey presently has a consensus rating of “Hold” and an average target price of $191.55.

Hershey Price Performance

NYSE HSY opened at $181.26 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.48 and a debt-to-equity ratio of 0.87. The Hershey Company has a 12 month low of $178.82 and a 12 month high of $211.92. The stock has a market cap of $36.67 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 4.22 and a beta of 0.37. The company’s 50 day moving average is $192.75 and its two-hundred day moving average is $192.81.

Hershey (NYSE:HSY) last released its earnings results on Thursday, August 1st. The company reported $1.27 earnings per share 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 analysts’ expectations of $2.30 billion. Hershey had a net margin of 16.76% and a return on equity of 45.36%. The firm’s quarterly revenue was down 16.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.01 EPS. As a group, research analysts anticipate that The Hershey Company will post 9.45 earnings per share for the current year.

Hershey Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 16th were issued a $1.37 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $5.48 dividend on an annualized basis and a yield of 3.02%. Hershey’s dividend payout ratio is currently 60.89%.

Insiders Place Their Bets

In other Hershey news, CAO Jennifer Mccalman sold 538 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was 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 owns 3,238 shares in the company, valued at $644,912.46. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.34% of the company’s stock.

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.