UMB Bank n.a. Sells 857 Shares of The Hershey Company (NYSE:HSY)

UMB Bank n.a. trimmed its position in shares of The Hershey Company (NYSE:HSY) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,355 shares of the company’s stock after selling 857 shares during the quarter. UMB Bank n.a.’s holdings in Hershey were worth $2,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of HSY. Mechanics Bank Trust Department lifted its holdings in Hershey by 44.8% in the fourth quarter. Mechanics Bank Trust Department now owns 2,700 shares of the company’s stock valued at $457,000 after acquiring an additional 835 shares during the period. Smart Money Group LLC lifted its stake in shares of Hershey by 9.2% in the 4th quarter. Smart Money Group LLC now owns 2,476 shares of the company’s stock worth $419,000 after purchasing an additional 208 shares during the period. Grove Bank & Trust boosted its holdings in shares of Hershey by 248.0% in the fourth quarter. Grove Bank & Trust now owns 174 shares of the company’s stock worth $29,000 after buying an additional 124 shares during the last quarter. Liberty One Investment Management LLC grew its position in Hershey by 10.8% during the fourth quarter. Liberty One Investment Management LLC now owns 23,259 shares of the company’s stock valued at $3,939,000 after buying an additional 2,267 shares during the period. Finally, J2 Capital Management Inc purchased a new stake in Hershey during the fourth quarter valued at approximately $348,000. 57.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus cut their price objective on shares of Hershey from $195.00 to $180.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Citigroup reduced their price target on Hershey from $165.00 to $159.00 and set a “sell” rating for the company in a research report on Wednesday, January 8th. Piper Sandler decreased their price objective on Hershey from $168.00 to $153.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. UBS Group cut their price objective on Hershey from $189.00 to $163.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Sanford C. Bernstein cut shares of Hershey from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $230.00 to $205.00 in a research note on Monday, October 7th. Six investment analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $176.42.

Hershey Stock Down 0.8 %

NYSE HSY opened at $152.82 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.76. The Hershey Company has a 52 week low of $150.31 and a 52 week high of $211.92. The firm has a market capitalization of $30.92 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 4.31 and a beta of 0.38. The company has a fifty day moving average of $171.86 and a two-hundred day moving average of $184.39.

Hershey Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, November 18th were issued a dividend of $1.37 per share. The ex-dividend date was Monday, November 18th. This represents a $5.48 annualized dividend and a yield of 3.59%. Hershey’s payout ratio is 63.13%.

Hershey 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.