Lazard Asset Management LLC grew its position in Hershey Co (NYSE:HSY) by 18,003.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,974 shares of the company’s stock after purchasing an additional 5,941 shares during the period. Lazard Asset Management LLC’s holdings in Hershey were worth $678,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of HSY. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Hershey by 7.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 36,784 shares of the company’s stock worth $4,016,000 after acquiring an additional 2,548 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Hershey by 132.7% during the third quarter. Victory Capital Management Inc. now owns 33,025 shares of the company’s stock worth $3,605,000 after acquiring an additional 18,830 shares during the period. State of Wisconsin Investment Board raised its holdings in shares of Hershey by 1.3% during the third quarter. State of Wisconsin Investment Board now owns 137,340 shares of the company’s stock worth $14,993,000 after acquiring an additional 1,756 shares during the period. Candriam Luxembourg S.C.A. raised its holdings in shares of Hershey by 12.2% during the third quarter. Candriam Luxembourg S.C.A. now owns 9,901 shares of the company’s stock worth $1,081,000 after acquiring an additional 1,074 shares during the period. Finally, Global X MANAGEMENT CO LLC raised its holdings in shares of Hershey by 16.1% during the third quarter. Global X MANAGEMENT CO LLC now owns 8,885 shares of the company’s stock worth $970,000 after acquiring an additional 1,234 shares during the period. Institutional investors own 53.11% of the company’s stock.
A number of equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Hershey from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Morgan Stanley lowered shares of Hershey from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 10th. Susquehanna Bancshares restated a “neutral” rating and set a $110.00 price objective (up from $108.00) on shares of Hershey in a report on Tuesday, January 30th. Sanford C. Bernstein set a $124.00 price objective on shares of Hershey and gave the stock a “buy” rating in a report on Tuesday, December 19th. Finally, Barclays dropped their price objective on shares of Hershey from $110.00 to $107.00 and set an “equal weight” rating on the stock in a report on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. Hershey currently has a consensus rating of “Hold” and a consensus price target of $111.53.
Hershey Co (NYSE HSY) opened at $101.00 on Tuesday. The firm has a market cap of $21,280.00, a price-to-earnings ratio of 28.77, a P/E/G ratio of 2.16 and a beta of 0.36. Hershey Co has a 12-month low of $95.21 and a 12-month high of $116.49. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.96 and a quick ratio of 0.60.
Hershey (NYSE:HSY) last released its earnings results on Thursday, February 1st. The company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.03). The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.96 billion. Hershey had a net margin of 10.42% and a return on equity of 116.74%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the business posted $1.17 EPS. equities analysts forecast that Hershey Co will post 5.36 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, February 23rd will be given a $0.656 dividend. This represents a $2.62 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, February 22nd. Hershey’s dividend payout ratio (DPR) is currently 74.64%.
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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