Mawer Investment Management Ltd. Has $67.02 Million Stake in The Hershey Company (NYSE:HSY)

Mawer Investment Management Ltd. grew its stake in The Hershey Company (NYSE:HSY) by 0.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 395,990 shares of the company’s stock after purchasing an additional 218 shares during the period. Mawer Investment Management Ltd. owned about 0.19% of Hershey worth $67,021,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HSY. Alaethes Wealth LLC acquired a new stake in Hershey in the 2nd quarter worth $26,000. Penserra Capital Management LLC bought a new position in shares of Hershey during the 2nd quarter worth about $30,000. Parisi Gray Wealth Management bought a new position in shares of Hershey during the 2nd quarter worth about $33,000. Pinnacle Bancorp Inc. bought a new position in shares of Hershey during the 3rd quarter worth about $34,000. Finally, Isthmus Partners LLC bought a new position in shares of Hershey during the 2nd quarter worth about $44,000. Institutional investors own 52.56% of the company’s stock.

In other Hershey news, CEO Michele Buck sold 5,000 shares of the business’s stock in a transaction dated Monday, November 8th. The shares were sold at an average price of $175.87, for a total value of $879,350.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Hershey Trust Co Trustee In Tr sold 11,100 shares of Hershey stock in a transaction that occurred on Wednesday, November 10th. The stock was sold at an average price of $178.69, for a total transaction of $1,983,459.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,877 shares of company stock valued at $4,294,788. Insiders own 0.32% of the company’s stock.

HSY stock traded up $1.18 during trading on Friday, hitting $197.92. 9,650 shares of the stock traded hands, compared to its average volume of 658,052. The Hershey Company has a one year low of $143.58 and a one year high of $198.63. The stock has a market cap of $40.77 billion, a price-to-earnings ratio of 28.60, a P/E/G ratio of 3.34 and a beta of 0.43. The company has a 50 day simple moving average of $185.33 and a 200 day simple moving average of $179.85. The company has a current ratio of 1.44, a quick ratio of 0.90 and a debt-to-equity ratio of 1.61.

Hershey (NYSE:HSY) last announced its quarterly earnings results on Thursday, October 28th. The company reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.10. Hershey had a net margin of 16.23% and a return on equity of 62.43%. The firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same period last year, the firm posted $1.86 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, analysts predict that The Hershey Company will post 7.09 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 15th. Shareholders of record on Friday, November 19th were paid a $0.901 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Thursday, November 18th. Hershey’s dividend payout ratio is presently 52.33%.

A number of equities analysts have recently commented on HSY shares. Citigroup downgraded shares of Hershey from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $202.00 to $190.00 in a report on Friday, October 29th. Piper Sandler raised their price objective on shares of Hershey from $194.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, October 29th. BMO Capital Markets raised their price objective on shares of Hershey from $170.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, October 29th. They noted that the move was a valuation call. Royal Bank of Canada raised their price objective on shares of Hershey from $189.00 to $197.00 and gave the stock an “outperform” rating in a report on Friday, October 29th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Hershey in a report on Monday, November 1st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $193.88.

Hershey Company Profile

The Hershey Co engages in the manufacture and market of chocolate and sugar confectionery products. The firm operates through the following geographical segments: North America; and International and Other. The North America segment is responsible for the traditional chocolate and non-chocolate confectionery market position of the company, as well as its grocery and snacks market positions, in the United States and Canada.

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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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