MGO One Seven LLC Has $460,000 Holdings in The Hershey Company (NYSE:HSY)

MGO One Seven LLC grew its stake in The Hershey Company (NYSE:HSY) by 30.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,718 shares of the company’s stock after buying an additional 636 shares during the quarter. MGO One Seven LLC’s holdings in Hershey were worth $460,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Montag & Caldwell LLC bought a new position in Hershey in the fourth quarter valued at $25,000. Crowley Wealth Management Inc. acquired a new position in shares of Hershey during the 4th quarter worth about $28,000. Vision Financial Markets LLC bought a new position in shares of Hershey in the 4th quarter valued at about $29,000. Grove Bank & Trust grew its holdings in shares of Hershey by 248.0% in the 4th quarter. Grove Bank & Trust now owns 174 shares of the company’s stock valued at $29,000 after acquiring an additional 124 shares in the last quarter. Finally, Lee Danner & Bass Inc. bought a new position in shares of Hershey in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

Hershey Trading Down 0.5 %

Shares of HSY stock opened at $163.18 on Monday. The firm has a 50 day moving average price of $169.37 and a two-hundred day moving average price of $169.48. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $33.03 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 5.90 and a beta of 0.28. The Hershey Company has a 12-month low of $140.13 and a 12-month high of $211.92.

Hershey (NYSE:HSY) last issued its quarterly earnings data on Thursday, February 6th. The company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.29. Hershey had a net margin of 19.83% and a return on equity of 44.77%. As a group, analysts predict that The Hershey Company will post 6.12 earnings per share for the current year.

Hershey Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 17th were given a $1.37 dividend. The ex-dividend date was Friday, February 14th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 3.36%. Hershey’s payout ratio is 50.28%.

Insider Activity

In other news, CAO Jennifer Mccalman sold 278 shares of Hershey stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $148.00, for a total value of $41,144.00. Following the completion of the sale, the chief accounting officer now directly owns 2,682 shares in the company, valued at approximately $396,936. The trade was a 9.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is owned by company insiders.

Analyst Ratings Changes

HSY has been the subject of several analyst reports. Barclays decreased their price objective on Hershey from $170.00 to $160.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Bernstein Bank decreased their price objective on Hershey from $177.00 to $146.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Mizuho decreased their price objective on Hershey from $170.00 to $140.00 in a report on Wednesday, February 5th. Wells Fargo & Company raised their price objective on Hershey from $125.00 to $132.00 and gave the company an “underweight” rating in a report on Friday, March 14th. Finally, Jefferies Financial Group cut their target price on shares of Hershey from $150.00 to $134.00 and set an “underperform” rating for the company in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $163.35.

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.