14,938 Shares in Hershey Company (The) $HSY Bought by Uhlmann Price Securities LLC

Uhlmann Price Securities LLC bought a new stake in shares of Hershey Company (The) (NYSE:HSY) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 14,938 shares of the company’s stock, valued at approximately $3,215,000. Hershey makes up 0.2% of Uhlmann Price Securities LLC’s portfolio, making the stock its 18th largest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Syon Capital LLC grew its stake in shares of Hershey by 1.5% in the 4th quarter. Syon Capital LLC now owns 3,020 shares of the company’s stock valued at $550,000 after purchasing an additional 46 shares during the period. Haverford Trust Co lifted its position in shares of Hershey by 0.7% during the 4th quarter. Haverford Trust Co now owns 6,796 shares of the company’s stock worth $1,237,000 after buying an additional 46 shares during the period. Larson Financial Group LLC lifted its position in shares of Hershey by 2.0% during the 4th quarter. Larson Financial Group LLC now owns 2,561 shares of the company’s stock worth $466,000 after buying an additional 50 shares during the period. Venture Visionary Partners LLC boosted its stake in Hershey by 0.7% in the 4th quarter. Venture Visionary Partners LLC now owns 8,034 shares of the company’s stock valued at $1,462,000 after buying an additional 53 shares in the last quarter. Finally, ARS Wealth Advisors Group LLC boosted its stake in Hershey by 1.8% in the 4th quarter. ARS Wealth Advisors Group LLC now owns 3,070 shares of the company’s stock valued at $559,000 after buying an additional 54 shares in the last quarter. Institutional investors own 57.96% of the company’s stock.

Hershey Stock Down 0.1%

Shares of NYSE:HSY opened at $172.38 on Friday. Hershey Company has a one year low of $160.07 and a one year high of $239.48. The company has a 50 day moving average of $188.34 and a 200-day moving average of $198.22. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.24 and a quick ratio of 0.77. The stock has a market cap of $34.97 billion, a price-to-earnings ratio of 32.10, a P/E/G ratio of 1.04 and a beta of 0.09.

Hershey (NYSE:HSY) last released its quarterly earnings data on Thursday, April 30th. The company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.31. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.03 billion. Hershey had a return on equity of 28.98% and a net margin of 9.12%.The firm’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.09 earnings per share. On average, sell-side analysts forecast that Hershey Company will post 8.45 earnings per share for the current year.

Hershey Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 15th were issued a $1.452 dividend. This represents a $5.81 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, May 15th. Hershey’s dividend payout ratio is 108.19%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Hershey from $247.00 to $227.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. Zacks Research lowered shares of Hershey from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Hershey from $212.00 to $200.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. The Goldman Sachs Group set a $240.00 price objective on shares of Hershey in a report on Friday, May 1st. Finally, UBS Group cut their target price on shares of Hershey from $215.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Seven investment analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, Hershey has a consensus rating of “Hold” and a consensus target price of $218.06.

Insider Activity

In related news, CFO Steven E. Voskuil sold 1,500 shares of the business’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $194.10, for a total value of $291,150.00. Following the sale, the chief financial officer directly owned 57,695 shares of the company’s stock, valued at approximately $11,198,599.50. The trade was a 2.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is owned by corporate insiders.

About Hershey

The Hershey Company (NYSE: HSY) is a leading North American chocolatier and snack manufacturer headquartered in Hershey, Pennsylvania. The company develops, produces and markets a wide range of confectionery and snack products for retail, foodservice and international customers. Hershey’s business spans manufacturing, branded product marketing, packaging and distribution across grocery, convenience, mass merchant and e-commerce channels.

Hershey’s product portfolio centers on chocolate and sugar confectionery, including core brands such as Hershey’s, Reese’s, Hershey’s Kisses and Twizzlers, alongside non-chocolate snacks and confectionery brands.