11,147 Shares in Hershey Company (The) $HSY Bought by Meadowbrook Advisors Group LLC

Meadowbrook Advisors Group LLC purchased a new stake in Hershey Company (The) (NYSE:HSY) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,147 shares of the company’s stock, valued at approximately $2,029,000.

Other large investors also recently bought and sold shares of the company. Larry Mathis Financial Planning LLC acquired a new stake in shares of Hershey in the 4th quarter valued at about $236,000. Advisortrust Partners LLC acquired a new position in Hershey during the fourth quarter worth approximately $336,000. Corient Private Wealth LLC increased its position in Hershey by 5.8% during the fourth quarter. Corient Private Wealth LLC now owns 37,688 shares of the company’s stock worth $6,859,000 after buying an additional 2,051 shares during the period. Hsbc Holdings PLC lifted its stake in Hershey by 2.6% in the fourth quarter. Hsbc Holdings PLC now owns 303,323 shares of the company’s stock valued at $55,242,000 after buying an additional 7,758 shares during the last quarter. Finally, Mengis Capital Management Inc. lifted its stake in Hershey by 19.7% in the fourth quarter. Mengis Capital Management Inc. now owns 27,475 shares of the company’s stock valued at $5,000,000 after buying an additional 4,525 shares during the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.

Insiders Place Their Bets

In other Hershey news, CFO Steven E. Voskuil sold 1,500 shares of the business’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $194.10, for a total value of $291,150.00. Following the transaction, the chief financial officer directly owned 57,695 shares of the company’s stock, valued at approximately $11,198,599.50. The trade was a 2.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is currently owned by company insiders.

Hershey Stock Down 0.1%

Hershey stock opened at $172.38 on Friday. Hershey Company has a twelve month low of $160.07 and a twelve month high of $239.48. The stock has a 50 day moving average of $188.34 and a two-hundred day moving average of $198.22. The company has a current ratio of 1.24, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $34.97 billion, a price-to-earnings ratio of 32.10, a PEG ratio of 1.04 and a beta of 0.09.

Hershey (NYSE:HSY) last announced its earnings results on Thursday, April 30th. The company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.31. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.03 billion. Hershey had a return on equity of 28.98% and a net margin of 9.12%.The company’s revenue was up 10.7% on a year-over-year basis. During the same period last year, the business posted $2.09 EPS. As a group, research analysts expect that Hershey Company will post 8.45 earnings per share for the current year.

Hershey Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 15th were given a $1.452 dividend. This represents a $5.81 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, May 15th. Hershey’s dividend payout ratio (DPR) is 108.19%.

Analyst Upgrades and Downgrades

HSY has been the subject of several research analyst reports. TD Cowen raised Hershey from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a report on Friday, May 1st. BTIG Research started coverage on shares of Hershey in a report on Monday, April 13th. They issued a “neutral” rating on the stock. UBS Group reduced their price target on shares of Hershey from $215.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Stifel Nicolaus decreased their price target on shares of Hershey from $230.00 to $215.00 and set a “hold” rating for the company in a research note on Tuesday, April 21st. Finally, Morgan Stanley lowered their price objective on shares of Hershey from $247.00 to $227.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Seven investment analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. According to data from MarketBeat, Hershey has an average rating of “Hold” and an average price target of $218.06.

Hershey Profile

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.