SL Advisors LLC Reduces Position in The Hershey Company (NYSE:HSY)

by · The Cerbat Gem

SL Advisors LLC trimmed its holdings in The Hershey Company (NYSE:HSY – Free Report) by 6.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,626 shares of the company’s stock after selling 120 shares during the period. Hershey comprises approximately 0.5% of SL Advisors LLC’s portfolio, making the stock its 29th largest holding. SL Advisors LLC’s holdings in Hershey were worth $275,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in shares of Hershey during the third quarter worth $25,000. GHP Investment Advisors Inc. lifted its holdings in Hershey by 55.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 155 shares of the company’s stock valued at $28,000 after buying an additional 55 shares in the last quarter. Peterson Financial Group Inc. purchased a new stake in Hershey in the 3rd quarter valued at about $46,000. Future Financial Wealth Managment LLC bought a new position in Hershey in the 3rd quarter worth about $48,000. Finally, Quarry LP grew its stake in Hershey by 123.9% in the 2nd quarter. Quarry LP now owns 300 shares of the company’s stock worth $55,000 after acquiring an additional 166 shares in the last quarter. 57.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Stifel Nicolaus lowered their price target on Hershey from $195.00 to $180.00 and set a “hold” rating for the company in a report on Friday, October 25th. Bank of America reiterated a “neutral” rating and issued a $180.00 target price on shares of Hershey in a report on Thursday, December 12th. Mizuho cut their price target on Hershey from $195.00 to $170.00 and set a “neutral” rating on the stock in a research note on Monday, December 23rd. Piper Sandler raised their target price on shares of Hershey from $165.00 to $168.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Redburn Atlantic initiated coverage on shares of Hershey in a research report on Tuesday, October 22nd. They issued a “sell” rating and a $165.00 price target for the company. Six analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $182.21.

Check Out Our Latest Stock Analysis on HSY

Hershey Price Performance

Shares of Hershey stock traded down $4.01 during mid-day trading on Wednesday, reaching $161.51. 1,339,434 shares of the stock traded hands, compared to its average volume of 1,137,038. The business has a 50-day moving average of $175.13 and a 200 day moving average of $185.94. The Hershey Company has a fifty-two week low of $159.87 and a fifty-two week high of $211.92. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $32.68 billion, a PE ratio of 18.61, a PEG ratio of 4.38 and a beta of 0.38.

Hershey Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, November 18th were given a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date was Monday, November 18th. Hershey’s dividend payout ratio (DPR) is 63.13%.

About Hershey

(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.

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