Keybank National Association OH cut its holdings in Hershey Co (NYSE:HSY) by 10.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,346 shares of the company’s stock after selling 2,335 shares during the period. Keybank National Association OH’s holdings in Hershey were worth $2,196,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Calton & Associates Inc. bought a new stake in shares of Hershey in the 4th quarter worth about $108,000. Benjamin F. Edwards & Company Inc. grew its holdings in Hershey by 528.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,465 shares of the company’s stock valued at $166,000 after purchasing an additional 1,232 shares during the last quarter. Dupont Capital Management Corp bought a new position in Hershey during the 4th quarter valued at about $169,000. Valeo Financial Advisors LLC bought a new position in Hershey during the 3rd quarter valued at about $174,000. Finally, Boys Arnold & Co. Inc. bought a new position in Hershey during the 4th quarter valued at about $208,000. Hedge funds and other institutional investors own 52.54% of the company’s stock.
Several equities analysts recently commented on HSY shares. Zacks Investment Research downgraded shares of Hershey from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Susquehanna Bancshares set a $113.00 price target on shares of Hershey and gave the company a “hold” rating in a report on Monday, December 18th. Citigroup upped their price target on shares of Hershey from $126.00 to $130.00 and gave the company a “buy” rating in a report on Friday, October 27th. JPMorgan Chase & Co. started coverage on shares of Hershey in a report on Wednesday, February 14th. They set a “neutral” rating and a $106.00 price target on the stock. Finally, BMO Capital Markets reiterated a “hold” rating and set a $105.00 price target on shares of Hershey in a report on Friday, October 27th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. Hershey has a consensus rating of “Hold” and a consensus price target of $111.44.
Shares of Hershey Co (NYSE HSY) opened at $100.71 on Monday. The stock has a market cap of $21,216.37, a PE ratio of 21.16, a price-to-earnings-growth ratio of 2.17 and a beta of 0.26. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.96 and a quick ratio of 0.60. Hershey Co has a 52-week low of $97.62 and a 52-week high of $116.49.
Hershey (NYSE:HSY) last released its quarterly earnings data on Thursday, February 1st. The company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.03). The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Hershey had a net margin of 10.42% and a return on equity of 116.74%. Hershey’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm earned $1.17 earnings per share. equities research analysts anticipate that Hershey Co will post 5.36 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, February 23rd will be given a $0.656 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $2.62 annualized dividend and a yield of 2.61%. Hershey’s dividend payout ratio (DPR) is 71.58%.
Hershey announced that its board has initiated a stock repurchase plan on Thursday, October 26th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
In other Hershey news, insider Michele Buck sold 400 shares of the business’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $114.95, for a total value of $45,980.00. Following the completion of the sale, the insider now directly owns 164,097 shares of the company’s stock, valued at approximately $18,862,950.15. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders sold 1,200 shares of company stock valued at $133,800. 0.92% of the stock is owned by corporate insiders.
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Hershey Company Profile
The Hershey Company is a producer of chocolate in North America. The Company’s principal product offerings include chocolate and non-chocolate confectionery products; gum and mint refreshment products; pantry items, such as baking ingredients and beverages, and snack items, such as spreads, meat snacks, bars and snack bites and mixes.
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