Bryn Mawr Capital Management LLC Has $1.06 Million Stake in The Hershey Company (NYSE:HSY)

Bryn Mawr Capital Management LLC trimmed its stake in shares of The Hershey Company (NYSE:HSY) by 10.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,285 shares of the company’s stock after selling 758 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Hershey were worth $1,064,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Forum Financial Management LP lifted its position in shares of Hershey by 1.6% during the third quarter. Forum Financial Management LP now owns 4,130 shares of the company’s stock worth $792,000 after purchasing an additional 64 shares in the last quarter. Avestar Capital LLC lifted its position in shares of Hershey by 6.0% during the third quarter. Avestar Capital LLC now owns 1,175 shares of the company’s stock worth $225,000 after purchasing an additional 67 shares in the last quarter. Parthenon LLC lifted its position in shares of Hershey by 0.3% during the third quarter. Parthenon LLC now owns 24,240 shares of the company’s stock worth $4,649,000 after purchasing an additional 75 shares in the last quarter. Kingsview Wealth Management LLC lifted its position in shares of Hershey by 1.0% during the third quarter. Kingsview Wealth Management LLC now owns 8,151 shares of the company’s stock worth $1,563,000 after purchasing an additional 80 shares in the last quarter. Finally, Waterfront Wealth Inc. lifted its position in shares of Hershey by 1.4% during the fourth quarter. Waterfront Wealth Inc. now owns 5,744 shares of the company’s stock worth $973,000 after purchasing an additional 82 shares in the last quarter. 57.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on HSY. Stifel Nicolaus cut their price objective on shares of Hershey from $170.00 to $160.00 and set a “hold” rating on the stock in a report on Friday, February 7th. Citigroup upgraded shares of Hershey from a “sell” rating to a “neutral” rating and cut their price objective for the company from $159.00 to $154.00 in a report on Friday, February 7th. Wells Fargo & Company cut their price objective on shares of Hershey from $150.00 to $140.00 and set an “underweight” rating on the stock in a report on Friday, January 17th. Bank of America restated a “neutral” rating and issued a $180.00 price objective on shares of Hershey in a report on Thursday, December 12th. Finally, Barclays cut their price objective on shares of Hershey from $170.00 to $160.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Five research analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $164.15.

Insider Activity at Hershey

In related news, CAO Jennifer Mccalman sold 278 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer now owns 2,682 shares of the company’s stock, valued at approximately $396,936. This trade represents a 9.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.34% of the stock is owned by insiders.

Hershey Stock Down 4.3 %

Shares of HSY stock opened at $171.02 on Thursday. The firm has a fifty day moving average of $160.46 and a 200-day moving average of $177.54. 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 Hershey Company has a 12-month low of $140.13 and a 12-month high of $211.92. The company has a market capitalization of $34.61 billion, a price-to-earnings ratio of 15.69, a P/E/G ratio of 5.90 and a beta of 0.37.

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, equities research analysts predict that The Hershey Company will post 6.12 earnings per share for the current fiscal year.

Hershey Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 17th will be given a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Friday, February 14th. Hershey’s dividend payout ratio (DPR) is currently 50.28%.

Hershey Company 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.