Sky Investment Group LLC increased its holdings in The Hershey Company (NYSE:HSY – Free Report) by 9.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,190 shares of the company’s stock after purchasing an additional 100 shares during the quarter. Sky Investment Group LLC’s holdings in Hershey were worth $202,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in shares of Hershey during the 3rd quarter worth approximately $25,000. Grove Bank & Trust increased its holdings in Hershey by 248.0% in the 4th quarter. Grove Bank & Trust now owns 174 shares of the company’s stock worth $29,000 after acquiring an additional 124 shares in the last quarter. ST Germain D J Co. Inc. raised its position in Hershey by 61.7% during the fourth quarter. ST Germain D J Co. Inc. now owns 262 shares of the company’s stock worth $44,000 after acquiring an additional 100 shares during the period. Peterson Financial Group Inc. purchased a new position in Hershey during the third quarter valued at $46,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Hershey in the third quarter valued at about $48,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.
Hershey Stock Down 0.8 %
Shares of HSY opened at $152.82 on Tuesday. The company’s 50-day moving average price is $171.86 and its 200 day moving average price is $184.39. The Hershey Company has a 12-month low of $150.31 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 firm has a market cap of $30.92 billion, a P/E ratio of 17.61, a price-to-earnings-growth ratio of 4.31 and a beta of 0.38.
Hershey Announces Dividend
Analysts Set New Price Targets
Several research analysts recently weighed in on the stock. Piper Sandler reduced their price target on shares of Hershey from $168.00 to $153.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Mizuho decreased their target price on Hershey from $195.00 to $170.00 and set a “neutral” rating on the stock in a research report on Monday, December 23rd. TD Cowen dropped their price target on Hershey from $190.00 to $172.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Redburn Atlantic initiated coverage on Hershey in a report on Tuesday, October 22nd. They issued a “sell” rating and a $165.00 price objective on the stock. Finally, Wells Fargo & Company lowered their target price on shares of Hershey from $150.00 to $140.00 and set an “underweight” rating on the stock in a research note on Friday. Six equities research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $176.42.
Read Our Latest Research Report on HSY
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.
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