Fulcrum Capital LLC Purchases 1,058 Shares of The Hershey Company (NYSE:HSY)

Fulcrum Capital LLC raised its position in shares of The Hershey Company (NYSE:HSY) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,354 shares of the company’s stock after purchasing an additional 1,058 shares during the period. Hershey accounts for approximately 1.4% of Fulcrum Capital LLC’s portfolio, making the stock its 23rd largest holding. Fulcrum Capital LLC’s holdings in Hershey were worth $6,665,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of Hershey in the third quarter worth $25,000. GHP Investment Advisors Inc. boosted its stake in Hershey by 55.0% during the second quarter. GHP Investment Advisors Inc. now owns 155 shares of the company’s stock valued at $28,000 after buying an additional 55 shares during the period. ST Germain D J Co. Inc. boosted its stake in Hershey by 61.7% during the fourth quarter. ST Germain D J Co. Inc. now owns 262 shares of the company’s stock valued at $44,000 after buying an additional 100 shares during the period. Peterson Financial Group Inc. bought a new stake in Hershey during the third quarter valued at $46,000. Finally, Future Financial Wealth Managment LLC bought a new stake in Hershey during the third quarter valued at $48,000. 57.96% of the stock is owned by institutional investors.

Hershey Trading Down 0.2 %

Shares of NYSE HSY traded down $0.32 during trading hours on Monday, hitting $157.88. The company’s stock had a trading volume of 1,809,820 shares, compared to its average volume of 1,727,643. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.54 and a current ratio of 0.85. The stock has a market cap of $31.95 billion, a price-to-earnings ratio of 18.19, a P/E/G ratio of 4.38 and a beta of 0.38. The Hershey Company has a 12 month low of $156.10 and a 12 month high of $211.92. The business has a 50-day simple moving average of $174.11 and a 200-day simple moving average of $185.42.

Hershey Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, November 18th were given a dividend of $1.37 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $5.48 annualized dividend and a yield of 3.47%. Hershey’s payout ratio is 63.13%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Redburn Atlantic assumed coverage on Hershey in a research note on Tuesday, October 22nd. They set a “sell” rating and a $165.00 price objective for the company. Jefferies Financial Group lowered their price target on Hershey from $163.00 to $161.00 and set an “underperform” rating on the stock in a research report on Thursday, October 31st. Bank of America restated a “neutral” rating and set a $180.00 price target on shares of Hershey in a research report on Thursday, December 12th. Sanford C. Bernstein downgraded Hershey from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $230.00 to $205.00 in a research report on Monday, October 7th. Finally, JPMorgan Chase & Co. lowered their price target on Hershey from $188.00 to $180.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. Six analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $182.21.

About Hershey

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.