BDFS Capital LLC Buys New Position in Hershey Company (The) $HSY

by · The Markets Daily

BDFS Capital LLC bought a new stake in Hershey Company (The) (NYSE:HSY – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,745 shares of the company’s stock, valued at approximately $682,000.

Other hedge funds also recently modified their holdings of the company. Bard Associates Inc. acquired a new position in shares of Hershey in the fourth quarter valued at approximately $26,000. JPL Wealth Management LLC purchased a new position in shares of Hershey during the third quarter valued at approximately $26,000. Laurel Wealth Advisors LLC acquired a new stake in Hershey during the fourth quarter worth approximately $27,000. Manchester Capital Management LLC boosted its position in Hershey by 123.0% during the fourth quarter. Manchester Capital Management LLC now owns 165 shares of the company’s stock worth $30,000 after acquiring an additional 91 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Hershey in the 4th quarter worth approximately $30,000. 57.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. BTIG Research began coverage on Hershey in a report on Monday, April 13th. They issued a “neutral” rating for the company. UBS Group decreased their price objective on Hershey from $215.00 to $200.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Piper Sandler reaffirmed an “overweight” rating and issued a $249.00 price objective on shares of Hershey in a research report on Wednesday, February 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hershey in a research note on Tuesday, April 21st. Finally, DA Davidson decreased their price target on Hershey from $230.00 to $208.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Seven analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to MarketBeat, Hershey currently has a consensus rating of “Hold” and an average price target of $218.06.

Read Our Latest Stock Report on HSY

Insider Activity at Hershey

In other news, CFO Steven E. Voskuil sold 1,500 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $194.10, for a total value of $291,150.00. Following the transaction, the chief financial officer directly owned 57,695 shares in the company, valued at $11,198,599.50. This trade represents a 2.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is currently owned by company insiders.

Hershey Stock Down 1.7%

Shares of NYSE HSY opened at $172.38 on Friday. Hershey Company has a 52-week low of $160.07 and a 52-week high of $239.48. The firm has a fifty day moving average of $189.07 and a 200-day moving average of $198.40. The stock has a market capitalization of $34.97 billion, a PE ratio of 32.10, a P/E/G ratio of 1.05 and a beta of 0.09. The company has a quick ratio of 0.77, a current ratio of 1.24 and a debt-to-equity ratio of 0.99.

Hershey (NYSE:HSY – Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.31. Hershey had a return on equity of 28.98% and a net margin of 9.12%.The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same period last year, the company posted $2.09 EPS. The business’s quarterly revenue was up 10.7% on a year-over-year basis. On average, analysts anticipate that Hershey Company will post 8.45 EPS for the current year.

Hershey Announces Dividend

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

Hershey Company Profile

(Free Report)

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.

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