Westhampton Capital LLC Acquires 100 Shares of The Hershey Company (NYSE:HSY)

Westhampton Capital LLC boosted its holdings in The Hershey Company (NYSE:HSYFree Report) by 1.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 9,947 shares of the company’s stock after buying an additional 100 shares during the period. Westhampton Capital LLC’s holdings in Hershey were worth $1,908,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of HSY. LPL Financial LLC boosted its stake in shares of Hershey by 10.0% during the 2nd quarter. LPL Financial LLC now owns 320,680 shares of the company’s stock worth $58,951,000 after purchasing an additional 29,246 shares during the period. CreativeOne Wealth LLC raised its holdings in Hershey by 179.4% in the first quarter. CreativeOne Wealth LLC now owns 6,958 shares of the company’s stock worth $1,353,000 after purchasing an additional 4,468 shares in the last quarter. Oak Harvest Investment Services acquired a new stake in Hershey in the first quarter valued at approximately $5,383,000. Signet Financial Management LLC grew its stake in Hershey by 59.9% during the 1st quarter. Signet Financial Management LLC now owns 12,960 shares of the company’s stock worth $2,521,000 after buying an additional 4,854 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Hershey by 119.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 91,766 shares of the company’s stock valued at $19,633,000 after purchasing an additional 50,014 shares during the last quarter. Institutional investors own 57.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Bank of America dropped their target price on Hershey from $200.00 to $195.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Argus lowered shares of Hershey from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th. Jefferies Financial Group downgraded Hershey from a “hold” rating to an “underperform” rating and decreased their target price for the company from $184.00 to $163.00 in a research report on Thursday, September 26th. Sanford C. Bernstein downgraded shares of Hershey from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $230.00 to $205.00 in a report on Monday, October 7th. Finally, Royal Bank of Canada lowered their price target on shares of Hershey from $209.00 to $205.00 and set a “sector perform” rating on the stock in a research report on Friday, August 2nd. Five equities research analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $193.50.

Check Out Our Latest Research Report on Hershey

Hershey Stock Performance

Shares of HSY stock opened at $183.47 on Wednesday. The business has a 50 day moving average of $193.41 and a two-hundred day moving average of $192.96. The company has a market cap of $37.10 billion, a P/E ratio of 18.18, a PEG ratio of 5.44 and a beta of 0.37. The company has a quick ratio of 0.48, a current ratio of 0.86 and a debt-to-equity ratio of 0.87. The Hershey Company has a 52 week low of $178.82 and a 52 week high of $211.92.

Hershey (NYSE:HSYGet Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.17). The business had revenue of $2.07 billion during 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%. Hershey’s revenue was down 16.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.01 earnings per share. As a group, analysts anticipate that The Hershey Company will post 9.47 EPS for the current year.

Hershey Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 16th were issued a dividend of $1.37 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 2.99%. Hershey’s dividend payout ratio is currently 54.31%.

Insiders Place Their Bets

In related news, CAO Jennifer Mccalman sold 538 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $644,912.46. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.34% of the company’s stock.

About Hershey

(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.

See Also

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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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