The Hershey Company (NYSE:HSY) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its position in shares of The Hershey Company (NYSE:HSYFree Report) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,667 shares of the company’s stock after selling 612 shares during the quarter. Amalgamated Bank’s holdings in Hershey were worth $4,855,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in Hershey in the 3rd quarter valued at $25,000. Grove Bank & Trust grew its holdings in shares of Hershey by 248.0% during the fourth quarter. Grove Bank & Trust now owns 174 shares of the company’s stock worth $29,000 after buying an additional 124 shares in the last quarter. ST Germain D J Co. Inc. grew its holdings in shares of Hershey by 61.7% during the fourth quarter. ST Germain D J Co. Inc. now owns 262 shares of the company’s stock worth $44,000 after buying an additional 100 shares in the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of Hershey in the third quarter valued at about $46,000. Finally, City State Bank lifted its stake in shares of Hershey by 210.0% in the fourth quarter. City State Bank now owns 310 shares of the company’s stock worth $52,000 after buying an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Insider Buying and Selling

In other Hershey news, CAO Jennifer Mccalman sold 278 shares of the business’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 in the company, valued at $396,936. The trade was a 9.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.34% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HSY. Wells Fargo & Company dropped their price objective on shares of Hershey from $150.00 to $140.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. Mizuho cut their price target on Hershey from $170.00 to $140.00 in a report on Wednesday, February 5th. Bank of America reiterated a “neutral” rating and set a $180.00 price objective on shares of Hershey in a research report on Thursday, December 12th. UBS Group dropped their target price on Hershey from $189.00 to $163.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, DA Davidson reduced their price target on Hershey from $164.00 to $149.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Five analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $164.15.

Get Our Latest Analysis on Hershey

Hershey Stock Up 0.6 %

NYSE:HSY opened at $172.33 on Friday. The Hershey Company has a 52 week low of $140.13 and a 52 week high of $211.92. The stock’s fifty day moving average is $160.53 and its two-hundred day moving average is $177.50. The stock has a market capitalization of $34.87 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 5.90 and a beta of 0.37. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.68.

Hershey (NYSE:HSYGet Free Report) last announced its earnings results on Thursday, February 6th. The company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.29. Hershey had a return on equity of 44.77% and a net margin of 19.83%. Research analysts anticipate that The Hershey Company will post 6.12 EPS for the current year.

Hershey Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 17th will be issued a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Friday, February 14th. Hershey’s dividend payout ratio (DPR) is currently 50.28%.

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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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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