1 week Ago By Defense World Staff
Norges Bank bought a new position in shares of The Hershey Company ( NYSE:HSY – Free Report ) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 33,173 shares of the company’s stock, valued at approximately $5,618,000. A number of other institutional investors have also made changes to their positions in HSY.
Wellington Management Group LLP raised its position in shares of Hershey by 49.1% in the third quarter. Wellington Management Group LLP now owns 4,993 shares of the company’s stock valued at $958,000 after purchasing an additional 1,645 shares during the period.
iA Global Asset Management Inc. raised its holdings in Hershey by 21.4% in the 3rd quarter.
iA Global Asset Management Inc. now owns 1,836 shares of the company’s stock valued at $352,000 after acquiring an additional 324 shares during the period. Public Employees Retirement System of Ohio lifted its position in Hershey by 13.
5% during the third quarter. Public Employees Retirement System of Ohio now owns 63,842 shares of the company’s stock worth $12,244,000 after acquiring an additional 7,580 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of Hershey by 3.
6% during the third quarter. M&T Bank Corp now owns 34,468 shares of the company’s stock worth $6,610,000 after acquiring an additional 1,195 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Hershey by 1.
0% in the third quarter. Geode Capital Management LLC now owns 3,753,751 shares of the company’s stock valued at $717,606,000 after purchasing an additional 35,688 shares during the last quarter. 57.
96% of the stock is owned by institutional investors and hedge funds. Analyst Ratings Changes HSY has been the topic of a number of research reports. Citigroup raised Hershey from a “sell” rating to a “neutral” rating and decreased their price objective for the company from $159.
00 to $154.00 in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Hershey from $184.
00 to $148.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. Mizuho dropped their price objective on shares of Hershey from $170.
00 to $140.00 in a research note on Wednesday, February 5th. Wells Fargo & Company increased their target price on shares of Hershey from $125.
00 to $132.00 and gave the stock an “underweight” rating in a research report on Friday, March 14th. Finally, Morgan Stanley assumed coverage on shares of Hershey in a research report on Monday, March 24th.
They issued an “equal weight” rating and a $183.00 price target for the company. 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 company currently has an average rating of “Hold” and an average price target of $162.50.
Insider Buying and Selling at Hershey In other Hershey 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 transaction of $41,144.
00. Following the transaction, the chief accounting officer now owns 2,682 shares of the company’s stock, valued at $396,936. This trade represents a 9.
39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website . Company insiders own 0.
34% of the company’s stock. Hershey Trading Up 3.3 % Shares of Hershey stock opened at $164.
29 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.
64 and a current ratio of 0.96. The Hershey Company has a 52 week low of $140.
13 and a 52 week high of $211.92. The stock has a 50 day moving average price of $166.
65 and a two-hundred day moving average price of $171.67. The stock has a market capitalization of $33.
25 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 5.90 and a beta of 0.
28. Hershey ( NYSE:HSY – Get Free Report ) last announced its quarterly earnings results on Thursday, February 6th. The company reported $2.
69 EPS for the quarter, beating analysts’ consensus estimates 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, equities analysts anticipate that The Hershey Company will post 6.12 earnings per share for the current fiscal year. Hershey Announces Dividend The business also recently declared a quarterly dividend, which was paid on Friday, March 14th.
Investors of record on Monday, February 17th were given a $1.37 dividend. This represents a $5.
48 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend was Friday, February 14th.
Hershey’s payout ratio is currently 50.28%. Hershey Company Profile ( 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. Featured Articles Five stocks we like better than Hershey Airline Stocks – Top Airline Stocks to Buy Now Quantum Computing: The $6.
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