Commerzbank Aktiengesellschaft FI Has $257,000 Stock Position in Hershey Company (The) $HSY

Commerzbank Aktiengesellschaft FI reduced its holdings in Hershey Company (The) (NYSE:HSY) by 88.4% in the 1st quarter, Holdings Channel reports. The fund owned 1,237 shares of the company’s stock after selling 9,397 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Hershey were worth $257,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Syon Capital LLC increased its holdings in shares of Hershey by 1.5% in the 4th quarter. Syon Capital LLC now owns 3,020 shares of the company’s stock valued at $550,000 after purchasing an additional 46 shares during the period. Haverford Trust Co lifted its position in shares of Hershey by 0.7% in the fourth quarter. Haverford Trust Co now owns 6,796 shares of the company’s stock worth $1,237,000 after purchasing an additional 46 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Hershey by 2.0% during the fourth quarter. Larson Financial Group LLC now owns 2,561 shares of the company’s stock worth $466,000 after purchasing an additional 50 shares during the period. Venture Visionary Partners LLC boosted its holdings in shares of Hershey by 0.7% during the fourth quarter. Venture Visionary Partners LLC now owns 8,034 shares of the company’s stock worth $1,462,000 after purchasing an additional 53 shares during the period. Finally, ARS Wealth Advisors Group LLC grew its position in Hershey by 1.8% during the fourth quarter. ARS Wealth Advisors Group LLC now owns 3,070 shares of the company’s stock valued at $559,000 after purchasing an additional 54 shares in the last quarter. 57.96% of the stock is currently owned by institutional investors and hedge funds.

Hershey Price Performance

Shares of HSY opened at $172.31 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 1.24. The firm has a market cap of $34.95 billion, a PE ratio of 32.09, a PEG ratio of 1.06 and a beta of 0.11. The firm’s 50 day moving average price is $180.95 and its 200 day moving average price is $197.01. Hershey Company has a twelve month low of $161.43 and a twelve month high of $239.48.

Hershey (NYSE:HSY) last posted its earnings results on Thursday, April 30th. The company reported $2.35 EPS for the quarter, topping the consensus estimate of $2.04 by $0.31. Hershey had a net margin of 9.12% and a return on equity of 28.98%. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the previous year, the firm posted $2.09 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, research analysts expect that Hershey Company will post 8.42 EPS for the current fiscal year.

Hershey Announces Dividend

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

Analyst Ratings Changes

HSY has been the topic of several research reports. Morgan Stanley cut their target price on shares of Hershey from $247.00 to $227.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. Bank of America lowered their price target on shares of Hershey from $220.00 to $200.00 and set a “neutral” rating on the stock in a report on Thursday, June 25th. Mizuho dropped their price target on shares of Hershey from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 20th. BTIG Research started coverage on Hershey in a report on Monday, April 13th. They set a “neutral” rating for the company. Finally, Piper Sandler reduced their price objective on Hershey from $249.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Seven analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $209.94.

Insider Transactions at Hershey

In other Hershey news, CFO Steven E. Voskuil sold 1,500 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $173.43, for a total transaction of $260,145.00. Following the transaction, the chief financial officer directly owned 54,695 shares of the company’s stock, valued at $9,485,753.85. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.08% of the company’s stock.

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.