Hershey (NYSE:HSY) Shares Acquired Rep. Marjorie Taylor Greene

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of The Hershey Company (NYSE:HSY). In a filing disclosed on December 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Hershey stock on December 24th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Norfolk Southern (NYSE:NSC) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Applied Materials (NASDAQ:AMAT) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Gilead Sciences (NASDAQ:GILD) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Adobe (NASDAQ:ADBE) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Eli Lilly and Company (NYSE:LLY) on 12/24/2024.

Hershey Stock Performance

NYSE:HSY opened at $168.67 on Tuesday. The company has a market cap of $34.13 billion, a P/E ratio of 19.43, a P/E/G ratio of 4.24 and a beta of 0.37. The firm’s 50 day moving average is $176.79 and its two-hundred day moving average is $186.57. The Hershey Company has a fifty-two week low of $166.69 and a fifty-two week high of $211.92. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.76.

Hershey Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, November 18th were given a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Monday, November 18th. Hershey’s dividend payout ratio (DPR) is 63.13%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HSY shares. Bank of America reiterated a “neutral” rating and issued a $180.00 target price on shares of Hershey in a report on Thursday, December 12th. Mizuho dropped their target price on Hershey from $195.00 to $170.00 and set a “neutral” rating on the stock in a report on Monday, December 23rd. Piper Sandler boosted their price target on Hershey from $165.00 to $168.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Barclays lowered their price objective on shares of Hershey from $202.00 to $180.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Hershey from $188.00 to $180.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. Six analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $184.61.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Ashton Thomas Securities LLC acquired a new stake in shares of Hershey during the 3rd quarter worth approximately $25,000. GHP Investment Advisors Inc. lifted its stake in Hershey by 55.0% in the second quarter. GHP Investment Advisors Inc. now owns 155 shares of the company’s stock valued at $28,000 after buying an additional 55 shares during the last quarter. Peterson Financial Group Inc. acquired a new position in shares of Hershey during the third quarter valued at $46,000. Future Financial Wealth Managment LLC bought a new position in shares of Hershey during the third quarter worth about $48,000. Finally, nVerses Capital LLC acquired a new stake in shares of Hershey in the 2nd quarter worth about $55,000. 57.96% of the stock is currently owned by institutional investors.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia’s 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor’s degree in business administration from the University of Georgia. Greene’s career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

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.