Impact Partnership Wealth LLC Acquires New Shares in The Hershey Company (NYSE:HSY)

Impact Partnership Wealth LLC bought a new position in shares of The Hershey Company (NYSE:HSY) during the 4th quarter, HoldingsChannel reports. The firm bought 4,604 shares of the company’s stock, valued at approximately $780,000.

Several other large investors have also modified their holdings of the business. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Hershey in the 3rd quarter valued at about $1,337,000. Principal Financial Group Inc. grew its holdings in Hershey by 66.7% in the third quarter. Principal Financial Group Inc. now owns 972,836 shares of the company’s stock worth $186,571,000 after purchasing an additional 389,404 shares during the last quarter. Woodstock Corp increased its position in shares of Hershey by 34.8% during the fourth quarter. Woodstock Corp now owns 6,896 shares of the company’s stock worth $1,168,000 after purchasing an additional 1,780 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Hershey by 61.9% during the 3rd quarter. HighTower Advisors LLC now owns 120,159 shares of the company’s stock valued at $23,052,000 after purchasing an additional 45,936 shares during the last quarter. Finally, Pensionfund Sabic boosted its position in shares of Hershey by 55.6% in the 4th quarter. Pensionfund Sabic now owns 8,400 shares of the company’s stock worth $1,423,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors own 57.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HSY shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Hershey from $184.00 to $148.00 and set a “hold” rating for the company in a research report on Thursday. TD Cowen reduced their target price on shares of Hershey from $190.00 to $172.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Jefferies Financial Group lowered their price target on shares of Hershey from $150.00 to $134.00 and set an “underperform” rating on the stock in a report on Tuesday. Piper Sandler reduced their price objective on Hershey from $168.00 to $153.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. reduced their price target on Hershey from $171.00 to $151.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Six analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $172.32.

Hershey Trading Down 0.8 %

NYSE HSY opened at $149.84 on Friday. The firm has a 50 day moving average of $170.12 and a two-hundred day moving average of $183.73. The stock has a market capitalization of $30.32 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 4.28 and a beta of 0.38. The Hershey Company has a 52 week low of $148.74 and a 52 week high of $211.92. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.76.

Hershey Dividend Announcement

The business 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. This represents a $5.48 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend was Monday, November 18th. Hershey’s dividend payout ratio is currently 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.