Tidal Investments LLC Purchases 1,083 Shares of The Hershey Company (NYSE:HSY)

Tidal Investments LLC increased its stake in The Hershey Company (NYSE:HSY) by 14.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,360 shares of the company’s stock after purchasing an additional 1,083 shares during the quarter. Tidal Investments LLC’s holdings in Hershey were worth $1,603,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in Hershey in the 3rd quarter worth $25,000. Capital Advisors Ltd. LLC raised its holdings in Hershey by 218.2% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 140 shares of the company’s stock worth $26,000 after purchasing an additional 96 shares during the period. GHP Investment Advisors Inc. raised its holdings in Hershey by 55.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 155 shares of the company’s stock worth $28,000 after purchasing an additional 55 shares during the period. Peterson Financial Group Inc. bought a new position in Hershey in the 3rd quarter worth $46,000. Finally, Future Financial Wealth Managment LLC bought a new position in Hershey in the 3rd quarter worth $48,000. 57.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HSY. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $183.00 target price on shares of Hershey in a report on Tuesday, December 10th. Citigroup cut Hershey from a “neutral” rating to a “sell” rating and decreased their price target for the company from $195.00 to $182.00 in a report on Tuesday, August 27th. Wells Fargo & Company cut Hershey from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $175.00 to $160.00 in a report on Thursday, December 12th. Piper Sandler raised their price target on Hershey from $165.00 to $168.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, UBS Group cut Hershey from a “buy” rating to a “neutral” rating and decreased their price target for the company from $226.00 to $209.00 in a report on Monday, October 7th. Six investment analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $185.17.

Hershey Trading Down 0.3 %

HSY opened at $177.61 on Wednesday. The firm has a market cap of $35.94 billion, a P/E ratio of 20.46, a P/E/G ratio of 4.24 and a beta of 0.37. The Hershey Company has a 12 month low of $168.16 and a 12 month high of $211.92. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.76. The stock has a 50-day moving average of $179.54 and a 200 day moving average of $188.06.

Hershey Dividend Announcement

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 $1.37 dividend. The ex-dividend date was Monday, November 18th. This represents a $5.48 annualized dividend and a yield of 3.09%. Hershey’s dividend payout ratio is currently 63.13%.

Hershey 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.