Blake Schutter Theil Wealth Advisors LLC Purchases Shares of 1,483 The Hershey Company (NYSE:HSY)

Blake Schutter Theil Wealth Advisors LLC purchased a new stake in shares of The Hershey Company (NYSE:HSY) during the third quarter, Holdings Channel.com reports. The firm purchased 1,483 shares of the company’s stock, valued at approximately $284,000.

Other hedge funds have also bought and sold shares of the company. Capital Advisors Ltd. LLC increased its stake in Hershey by 218.2% during 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. boosted its holdings 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 acquiring an additional 55 shares during the last quarter. OFI Invest Asset Management purchased a new stake in shares of Hershey in the 2nd quarter valued at $29,000. Crewe Advisors LLC purchased a new stake in shares of Hershey in the 1st quarter valued at $35,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of Hershey in the 3rd quarter valued at $48,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on HSY shares. JPMorgan Chase & Co. dropped their price objective on shares of Hershey from $188.00 to $180.00 and set a “neutral” rating on the stock in a report on Monday, October 14th. Stifel Nicolaus dropped their price objective on shares of Hershey from $195.00 to $180.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Redburn Atlantic started coverage on shares of Hershey in a report on Tuesday, October 22nd. They issued a “sell” rating and a $165.00 price objective on the stock. Argus downgraded shares of Hershey from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th. Finally, Sanford C. Bernstein downgraded shares of Hershey from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $230.00 to $205.00 in a report on Monday, October 7th. Five equities research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the stock. Based on data from MarketBeat, Hershey has an average rating of “Hold” and a consensus price target of $191.61.

Hershey Stock Performance

HSY opened at $172.89 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.86 and a debt-to-equity ratio of 0.87. The company has a market cap of $34.97 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 4.14 and a beta of 0.38. The Hershey Company has a 52-week low of $171.67 and a 52-week high of $211.92. The firm’s fifty day simple moving average is $189.89 and its two-hundred day simple moving average is $192.34.

Hershey Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, November 18th will be given a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 3.17%. Hershey’s dividend payout ratio (DPR) is 60.89%.

Insider Activity

In other news, CAO Jennifer Mccalman sold 538 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $199.17, for a total value of $107,153.46. Following the completion of the sale, the chief accounting officer now directly owns 3,238 shares in the company, valued at $644,912.46. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.29% of the company’s stock.

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.