Cibc World Markets Corp Has $9.82 Million Stock Holdings in The Hershey Company (NYSE:HSY)

Cibc World Markets Corp boosted its position in The Hershey Company (NYSE:HSY) by 15.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,970 shares of the company’s stock after acquiring an additional 7,654 shares during the period. Cibc World Markets Corp’s holdings in Hershey were worth $9,817,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HSY. Avestar Capital LLC boosted its stake in shares of Hershey by 6.0% in the 3rd quarter. Avestar Capital LLC now owns 1,175 shares of the company’s stock valued at $225,000 after purchasing an additional 67 shares during the last quarter. Kingsview Wealth Management LLC lifted its holdings in Hershey by 1.0% in the third quarter. Kingsview Wealth Management LLC now owns 8,151 shares of the company’s stock valued at $1,563,000 after buying an additional 80 shares during the period. Private Trust Co. NA boosted its stake in Hershey by 1.5% in the fourth quarter. Private Trust Co. NA now owns 5,438 shares of the company’s stock valued at $921,000 after acquiring an additional 81 shares during the last quarter. Waterfront Wealth Inc. grew its holdings in Hershey by 1.4% during the 4th quarter. Waterfront Wealth Inc. now owns 5,744 shares of the company’s stock worth $973,000 after acquiring an additional 82 shares during the period. Finally, Advisory Alpha LLC raised its position in shares of Hershey by 3.2% during the 4th quarter. Advisory Alpha LLC now owns 2,988 shares of the company’s stock valued at $506,000 after acquiring an additional 94 shares during the last quarter. 57.96% of the stock is owned by institutional investors.

Insider Activity

In related news, CAO Jennifer Mccalman sold 278 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $148.00, for a total transaction of $41,144.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,682 shares of the company’s stock, valued at approximately $396,936. This represents a 9.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on HSY. Royal Bank of Canada restated a “sector perform” rating and issued a $178.00 price target on shares of Hershey in a research report on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price on Hershey from $171.00 to $151.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Stifel Nicolaus lowered their price target on Hershey from $170.00 to $160.00 and set a “hold” rating for the company in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Hershey from $184.00 to $148.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. Finally, TD Cowen lowered their target price on shares of Hershey from $190.00 to $172.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Five research analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $163.75.

Hershey Stock Down 0.7 %

Shares of Hershey stock opened at $169.26 on Wednesday. The firm has a market cap of $34.26 billion, a PE ratio of 15.53, a P/E/G ratio of 5.90 and a beta of 0.32. The business’s 50 day simple moving average is $162.29 and its 200 day simple moving average is $175.43. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.64 and a current ratio of 0.96. The Hershey Company has a 52-week low of $140.13 and a 52-week high of $211.92.

Hershey (NYSE:HSY) last posted its quarterly earnings data on Thursday, February 6th. The company reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.29. Hershey had a net margin of 19.83% and a return on equity of 44.77%. On average, analysts predict that The Hershey Company will post 6.12 earnings per share for the current fiscal year.

Hershey Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 17th were paid a dividend of $1.37 per share. The ex-dividend date was Friday, February 14th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 3.24%. Hershey’s dividend payout ratio is 50.28%.

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.