Anchor Investment Management LLC Has $222,000 Stock Position in The Hershey Company (NYSE:HSY)

Anchor Investment Management LLC raised its position in The Hershey Company (NYSE:HSY) by 86.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,156 shares of the company’s stock after buying an additional 537 shares during the period. Anchor Investment Management LLC’s holdings in Hershey were worth $222,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Lantz Financial LLC acquired a new stake in Hershey during the 2nd quarter valued at $1,841,000. Envestnet Portfolio Solutions Inc. increased its stake in shares of Hershey by 33.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,990 shares of the company’s stock valued at $2,388,000 after buying an additional 3,275 shares in the last quarter. Fiduciary Financial Group LLC bought a new position in shares of Hershey in the second quarter valued at about $203,000. Blue Trust Inc. lifted its position in Hershey by 28.8% during the 2nd quarter. Blue Trust Inc. now owns 813 shares of the company’s stock worth $158,000 after buying an additional 182 shares in the last quarter. Finally, Brookstone Capital Management grew its holdings in Hershey by 4.4% during the 2nd quarter. Brookstone Capital Management now owns 9,563 shares of the company’s stock worth $1,855,000 after acquiring an additional 403 shares during the last quarter. 57.96% of the stock is owned by institutional investors.

Hershey Price Performance

HSY opened at $183.01 on Friday. The stock has a market cap of $37.03 billion, a P/E ratio of 21.08, a P/E/G ratio of 4.24 and a beta of 0.37. The Hershey Company has a 12 month low of $168.16 and a 12 month 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. The company has a fifty day simple moving average of $179.93 and a 200 day simple moving average of $188.41.

Hershey Dividend Announcement

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 given a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Monday, November 18th. Hershey’s dividend payout ratio is currently 63.13%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus reduced their target price 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. Deutsche Bank Aktiengesellschaft increased their price objective on Hershey from $191.00 to $199.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Barclays dropped their target price on Hershey from $202.00 to $180.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Bank of America reiterated a “neutral” rating and issued a $180.00 price target on shares of Hershey in a report on Thursday. Finally, JPMorgan Chase & Co. dropped their price objective on Hershey from $188.00 to $180.00 and set a “neutral” rating for the company in a report on Monday, October 14th. Six investment analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. Based on data from MarketBeat.com, Hershey presently has a consensus rating of “Hold” and a consensus target price of $185.17.

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.