Mirabella Financial Services LLP Invests $1.15 Million in The Hershey Company (NYSE:HSY)

Mirabella Financial Services LLP purchased a new position in The Hershey Company (NYSE:HSY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,006 shares of the company’s stock, valued at approximately $1,152,000.

Other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in Hershey during the 3rd quarter valued at about $25,000. Capital Advisors Ltd. LLC increased its position in Hershey by 218.2% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 140 shares of the company’s stock valued at $26,000 after purchasing an additional 96 shares during the period. GHP Investment Advisors Inc. grew its position in shares of Hershey by 55.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 155 shares of the company’s stock worth $28,000 after buying an additional 55 shares during the last quarter. OFI Invest Asset Management purchased a new position in shares of Hershey in the 2nd quarter worth approximately $29,000. Finally, Gradient Investments LLC grew its position in shares of Hershey by 71.9% in the 2nd quarter. Gradient Investments LLC now owns 251 shares of the company’s stock worth $46,000 after buying an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on HSY shares. Bank of America cut their price objective on shares of Hershey from $200.00 to $195.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Piper Sandler lifted their price objective on shares of Hershey from $165.00 to $168.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Stifel Nicolaus cut their price objective on shares of Hershey from $195.00 to $180.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Argus cut shares of Hershey from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th. Finally, Jefferies Financial Group lowered their target price on shares of Hershey from $163.00 to $161.00 and set an “underperform” rating for the company in a research note on Thursday, October 31st. Five investment analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the stock. According to data from MarketBeat.com, Hershey currently has an average rating of “Hold” and an average target price of $189.33.

Hershey Price Performance

NYSE:HSY opened at $174.95 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.85 and a quick ratio of 0.54. The firm has a market cap of $35.40 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 4.19 and a beta of 0.38. The company has a 50 day moving average price of $184.51 and a 200-day moving average price of $190.90. The Hershey Company has a 1-year low of $168.16 and a 1-year high of $211.92.

Hershey Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, November 18th will be issued a $1.37 dividend. This represents a $5.48 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Monday, November 18th. Hershey’s payout ratio is presently 63.13%.

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.