Integrated Wealth Concepts LLC Decreases Stake in The Hershey Company (NYSE:HSY)

Integrated Wealth Concepts LLC lessened its position in shares of The Hershey Company (NYSE:HSY) by 22.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,616 shares of the company’s stock after selling 2,457 shares during the period. Integrated Wealth Concepts LLC’s holdings in Hershey were worth $1,459,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HSY. Virtu Financial LLC grew its holdings in Hershey by 83.1% during the 3rd quarter. Virtu Financial LLC now owns 14,170 shares of the company’s stock worth $2,717,000 after acquiring an additional 6,433 shares in the last quarter. Anchor Investment Management LLC grew its holdings in Hershey by 86.8% during the 3rd quarter. Anchor Investment Management LLC now owns 1,156 shares of the company’s stock worth $222,000 after acquiring an additional 537 shares in the last quarter. Stock Yards Bank & Trust Co. grew its holdings in Hershey by 3.1% during the 3rd quarter. Stock Yards Bank & Trust Co. now owns 8,249 shares of the company’s stock worth $1,582,000 after acquiring an additional 250 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its holdings in Hershey by 2.8% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 5,697 shares of the company’s stock worth $1,093,000 after acquiring an additional 153 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB grew its holdings in Hershey by 2.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 116,432 shares of the company’s stock worth $22,329,000 after acquiring an additional 2,391 shares in the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.

Hershey Stock Up 0.0 %

Shares of Hershey stock opened at $163.30 on Tuesday. The company has a market cap of $33.05 billion, a P/E ratio of 14.98, a PEG ratio of 5.90 and a beta of 0.28. 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 one year low of $140.13 and a one year high of $211.92. The firm has a fifty day moving average of $169.36 and a two-hundred day moving average of $169.32.

Hershey (NYSE:HSY) last announced its quarterly earnings data on Thursday, February 6th. The company reported $2.69 EPS for the quarter, topping 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%. On average, analysts forecast that The Hershey Company will post 6.12 earnings per share for the current year.

Hershey Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 17th were paid a dividend of $1.37 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 3.36%. Hershey’s dividend payout ratio (DPR) is presently 50.28%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Citigroup reduced their price objective on shares of Hershey from $173.00 to $165.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. DA Davidson reduced their price objective on shares of Hershey from $164.00 to $149.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Barclays reduced their price objective on shares of Hershey from $170.00 to $160.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Mizuho reduced their price objective on shares of Hershey from $170.00 to $140.00 in a research report on Wednesday, February 5th. Finally, UBS Group boosted their price objective on shares of Hershey from $159.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, April 17th. Five analysts have rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $163.35.

Insider Transactions at Hershey

In other news, CAO Jennifer Mccalman sold 278 shares of the company’s stock in a transaction 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 directly owns 2,682 shares of the company’s stock, valued at $396,936. This represents a 9.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.34% of the company’s stock.

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.