Buckingham Asset Management LLC bought a new position in Hershey Co (NYSE:HSY) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 2,875 shares of the company’s stock, valued at approximately $326,000.
Several other large investors have also recently made changes to their positions in HSY. BlackRock Inc. raised its position in shares of Hershey by 22.6% in the 4th quarter. BlackRock Inc. now owns 12,459,680 shares of the company’s stock worth $1,414,299,000 after acquiring an additional 2,299,115 shares in the last quarter. Evercore Trust Company N.A. bought a new position in shares of Hershey in the 3rd quarter worth approximately $105,956,000. American Century Companies Inc. bought a new position in shares of Hershey in the 4th quarter worth approximately $67,283,000. APG Asset Management N.V. raised its position in shares of Hershey by 45.4% in the 4th quarter. APG Asset Management N.V. now owns 1,885,679 shares of the company’s stock worth $178,251,000 after acquiring an additional 588,500 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Hershey by 15.4% in the 3rd quarter. Janus Henderson Group PLC now owns 4,368,862 shares of the company’s stock worth $476,949,000 after acquiring an additional 582,715 shares in the last quarter. 52.54% of the stock is owned by hedge funds and other institutional investors.
Hershey Co (NYSE HSY) opened at $98.26 on Thursday. Hershey Co has a 52-week low of $95.21 and a 52-week high of $116.49. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.60 and a current ratio of 0.96. The firm has a market capitalization of $20,700.00, a P/E ratio of 29.24, a P/E/G ratio of 2.11 and a beta of 0.26.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.656 per share. The ex-dividend date is Thursday, February 22nd. This represents a $2.62 annualized dividend and a yield of 2.67%. Hershey’s dividend payout ratio is 77.98%.
In other Hershey news, insider Michele Buck sold 400 shares of the stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $114.95, for a total transaction of $45,980.00. Following the sale, the insider now directly owns 164,097 shares in the company, valued at approximately $18,862,950.15. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.92% of the company’s stock.
Several brokerages have recently issued reports on HSY. Barclays decreased their target price on Hershey from $110.00 to $107.00 and set an “equal weight” rating for the company in a research report on Friday, February 2nd. Royal Bank of Canada reissued a “hold” rating and issued a $122.00 target price on shares of Hershey in a research report on Friday, December 22nd. Susquehanna Bancshares reissued a “neutral” rating and issued a $110.00 target price (up previously from $108.00) on shares of Hershey in a research report on Tuesday, January 30th. Goldman Sachs Group lowered Hershey from a “neutral” rating to a “sell” rating and set a $101.00 target price for the company. in a research report on Tuesday, January 16th. Finally, Zacks Investment Research raised Hershey from a “hold” rating to a “buy” rating and set a $128.00 target price for the company in a research report on Friday, December 29th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $111.53.
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Hershey Company Profile
The Hershey Company is a producer of chocolate in North America. The Company’s principal product offerings include chocolate and non-chocolate confectionery products; gum and mint refreshment products; pantry items, such as baking ingredients and beverages, and snack items, such as spreads, meat snacks, bars and snack bites and mixes.
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