Hershey Company (The) $HSY Position Lessened by Winnow Wealth LLC

Winnow Wealth LLC trimmed its position in shares of Hershey Company (The) (NYSE:HSY) by 92.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 405 shares of the company’s stock after selling 5,288 shares during the period. Winnow Wealth LLC’s holdings in Hershey were worth $74,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. PBU The Pension Fund of Early Childhood & Youth Educators bought a new stake in shares of Hershey during the 4th quarter valued at $9,633,000. Prudential PLC raised its position in shares of Hershey by 237.3% during the 4th quarter. Prudential PLC now owns 7,988 shares of the company’s stock valued at $1,454,000 after acquiring an additional 5,620 shares during the last quarter. Friedenthal Financial raised its position in shares of Hershey by 38,266.7% during the 4th quarter. Friedenthal Financial now owns 5,755 shares of the company’s stock valued at $1,047,000 after acquiring an additional 5,740 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Hershey by 9.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 60,978 shares of the company’s stock valued at $11,406,000 after acquiring an additional 5,239 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Hershey during the 4th quarter valued at $2,744,000. 57.96% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Hershey news, CFO Steven E. Voskuil sold 1,500 shares of the stock in a transaction dated Monday, April 20th. The shares were 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 of the company’s stock, valued at $11,198,599.50. This represents a 2.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on HSY shares. Morgan Stanley dropped their target price on shares of Hershey from $247.00 to $227.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. UBS Group dropped their target price on shares of Hershey from $215.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. TD Cowen upgraded shares of Hershey from a “hold” rating to a “buy” rating and set a $210.00 target price for the company in a research report on Friday, May 1st. Piper Sandler reiterated an “overweight” rating and set a $249.00 target price on shares of Hershey in a research report on Wednesday, February 25th. Finally, Barclays dropped their target price on shares of Hershey from $225.00 to $220.00 and set an “equal weight” rating for the company in a research report on Monday, May 4th. Seven analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $218.06.

Hershey Price Performance

Shares of NYSE HSY opened at $175.72 on Wednesday. The firm has a market cap of $35.64 billion, a PE ratio of 32.72, a PEG ratio of 1.06 and a beta of 0.09. The company has a current ratio of 1.24, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. Hershey Company has a 1-year low of $160.07 and a 1-year high of $239.48. The company has a fifty day moving average price of $193.07 and a 200 day moving average price of $198.79.

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

Hershey Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 15th will be issued a $1.452 dividend. This represents a $5.81 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, May 15th. Hershey’s dividend payout ratio is currently 108.19%.

Hershey Profile

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.