Winnow Wealth LLC Invests $1.07 Million in Hershey Company (The) $HSY

Winnow Wealth LLC bought a new position in Hershey Company (The) (NYSE:HSYFree Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,693 shares of the company’s stock, valued at approximately $1,070,000.

A number of other hedge funds have also recently bought and sold shares of the company. SJS Investment Consulting Inc. grew its stake in shares of Hershey by 1,537.5% in the 3rd quarter. SJS Investment Consulting Inc. now owns 131 shares of the company’s stock worth $25,000 after purchasing an additional 123 shares during the last quarter. Trust Co. of Toledo NA OH bought a new stake in Hershey during the second quarter worth approximately $28,000. Twin Peaks Wealth Advisors LLC acquired a new position in Hershey in the second quarter worth approximately $31,000. Vermillion & White Wealth Management Group LLC grew its position in Hershey by 46.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 199 shares of the company’s stock worth $33,000 after buying an additional 63 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Hershey in the second quarter valued at $36,000. 57.96% of the stock is owned by institutional investors and hedge funds.

Hershey Trading Up 2.2%

NYSE:HSY opened at $194.74 on Friday. The stock has a market cap of $39.49 billion, a PE ratio of 29.11 and a beta of 0.18. Hershey Company has a fifty-two week low of $140.13 and a fifty-two week high of $201.86. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.36 and a quick ratio of 0.83. The stock’s 50-day moving average is $187.24 and its two-hundred day moving average is $184.42.

Hershey (NYSE:HSYGet Free Report) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.06 by $0.24. The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.11 billion. Hershey had a net margin of 11.84% and a return on equity of 32.08%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted $2.34 earnings per share. As a group, equities research analysts forecast that Hershey Company will post 6.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HSY has been the topic of a number of recent research reports. Argus upgraded Hershey to a “hold” rating in a report on Wednesday, November 26th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Hershey in a research report on Monday. Bank of America lifted their price target on Hershey from $200.00 to $210.00 and gave the stock a “neutral” rating in a research note on Friday, December 19th. TD Cowen decreased their target price on shares of Hershey from $204.00 to $200.00 and set a “hold” rating for the company in a report on Friday, October 31st. Finally, Jefferies Financial Group began coverage on shares of Hershey in a report on Thursday, December 4th. They set a “hold” rating and a $181.00 price target on the stock. Six equities research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat, Hershey has a consensus rating of “Hold” and an average price target of $191.79.

Check Out Our Latest Report on Hershey

Key Hershey News

Here are the key news stories impacting Hershey this week:

Insider Activity

In related news, insider Stacy Taffet purchased 200 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were acquired at an average cost of $186.19 per share, with a total value of $37,238.00. Following the completion of the purchase, the insider owned 9,371 shares of the company’s stock, valued at $1,744,786.49. The trade was a 2.18% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Steven E. Voskuil sold 1,500 shares of Hershey stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $198.67, for a total value of $298,005.00. Following the sale, the chief financial officer directly owned 52,319 shares of the company’s stock, valued at approximately $10,394,215.73. The trade was a 2.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 6,000 shares of company stock worth $1,119,450 in the last ninety days. Corporate insiders own 0.34% of the company’s stock.

Hershey Company Profile

(Free Report)

The Hershey Company (NYSE: HSY) is a leading North American chocolatier and snack manufacturer headquartered in Hershey, Pennsylvania. The company develops, produces and markets a wide range of confectionery and snack products for retail, foodservice and international customers. Hershey’s business spans manufacturing, branded product marketing, packaging and distribution across grocery, convenience, mass merchant and e-commerce channels.

Hershey’s product portfolio centers on chocolate and sugar confectionery, including core brands such as Hershey’s, Reese’s, Hershey’s Kisses and Twizzlers, alongside non-chocolate snacks and confectionery brands.

Further Reading

Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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