1,385 Shares in The Hershey Company (NYSE:HSY) Acquired by Lane & Associates LLC

Lane & Associates LLC purchased a new position in shares of The Hershey Company (NYSE:HSY) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,385 shares of the company’s stock, valued at approximately $266,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HSY. Ashton Thomas Securities LLC acquired a new position in Hershey during the 3rd quarter worth approximately $25,000. Capital Advisors Ltd. LLC raised its position in shares of Hershey by 218.2% in 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 in the last quarter. GHP Investment Advisors Inc. raised 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 valued at $28,000 after purchasing an additional 55 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Hershey in the 2nd quarter valued at approximately $29,000. Finally, Gradient Investments LLC raised 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 valued at $46,000 after purchasing an additional 105 shares in the last quarter. 57.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on HSY shares. Royal Bank of Canada lowered their price target on Hershey from $205.00 to $183.00 and set a “sector perform” rating for the company in a report on Friday, November 8th. Jefferies Financial Group lowered their price target on Hershey from $163.00 to $161.00 and set an “underperform” rating for the company in a report on Thursday, October 31st. Stifel Nicolaus lowered their price target on Hershey from $195.00 to $180.00 and set a “hold” rating for the company in a report on Friday, October 25th. UBS Group downgraded Hershey from a “buy” rating to a “neutral” rating and lowered their price target for the company from $226.00 to $209.00 in a report on Monday, October 7th. Finally, Piper Sandler boosted their price target on Hershey from $165.00 to $168.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Five research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $189.33.

Hershey Trading Down 0.1 %

NYSE:HSY opened at $174.81 on Friday. The Hershey Company has a 1 year low of $168.16 and a 1 year high of $211.92. The stock has a market cap of $35.37 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 4.19 and a beta of 0.38. The business has a fifty day moving average of $184.51 and a 200-day moving average of $190.96. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.54 and a current ratio of 0.85.

Hershey Announces Dividend

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