The Hershey Company (NYSE:HSY) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in The Hershey Company (NYSE:HSYFree Report) by 96.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,579 shares of the company’s stock after selling 126,167 shares during the period. SG Americas Securities LLC’s holdings in Hershey were worth $775,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in Hershey in the third quarter valued at about $25,000. Grove Bank & Trust lifted its position in Hershey by 248.0% in the fourth quarter. Grove Bank & Trust now owns 174 shares of the company’s stock valued at $29,000 after purchasing an additional 124 shares during the period. ST Germain D J Co. Inc. lifted its position in Hershey by 61.7% in the fourth quarter. ST Germain D J Co. Inc. now owns 262 shares of the company’s stock valued at $44,000 after purchasing an additional 100 shares during the period. Peterson Financial Group Inc. acquired a new stake in Hershey in the third quarter valued at about $46,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in Hershey in the third quarter valued at about $48,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Hershey from $184.00 to $148.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their target price on shares of Hershey from $171.00 to $151.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Stifel Nicolaus dropped their target price on shares of Hershey from $180.00 to $170.00 and set a “hold” rating for the company in a report on Friday, January 24th. TD Cowen dropped 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. Finally, Sanford C. Bernstein cut shares of Hershey from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $230.00 to $205.00 in a report on Monday, October 7th. Six analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $171.79.

Get Our Latest Stock Analysis on HSY

Hershey Stock Down 0.2 %

Shares of NYSE HSY opened at $149.41 on Thursday. The Hershey Company has a 1 year low of $147.60 and a 1 year high of $211.92. The firm’s 50 day moving average price is $168.39 and its 200 day moving average price is $182.73. The firm has a market cap of $30.23 billion, a P/E ratio of 17.21, a price-to-earnings-growth ratio of 4.28 and a beta of 0.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.54 and a current ratio of 0.85.

Hershey Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Monday, November 18th. This represents a $5.48 dividend on an annualized basis and a yield of 3.67%. Hershey’s dividend payout ratio (DPR) is currently 63.13%.

Hershey Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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