Anchor Capital Advisors LLC Has $45.46 Million Stock Holdings in Hershey Company (The) $HSY

Anchor Capital Advisors LLC decreased its position in Hershey Company (The) (NYSE:HSY) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 249,814 shares of the company’s stock after selling 3,417 shares during the period. Hershey accounts for 1.3% of Anchor Capital Advisors LLC’s portfolio, making the stock its 29th largest position. Anchor Capital Advisors LLC owned 0.12% of Hershey worth $45,461,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HSY. JPL Wealth Management LLC bought a new stake in shares of Hershey during the third quarter worth approximately $26,000. Laurel Wealth Advisors LLC bought a new position in Hershey in the fourth quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC acquired a new stake in Hershey during the 3rd quarter worth $35,000. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Hershey during the 4th quarter valued at $42,000. Finally, WHI TRUST Co LLC bought a new stake in shares of Hershey during the 4th quarter valued at $45,000. 57.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HSY shares. Morgan Stanley reduced their price target on Hershey from $247.00 to $227.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft dropped their price objective on Hershey from $212.00 to $200.00 and set a “hold” rating for the company in a report on Monday, March 30th. Piper Sandler restated an “overweight” rating and set a $249.00 target price on shares of Hershey in a report on Wednesday, February 25th. Barclays lowered their price target on Hershey from $225.00 to $220.00 and set an “equal weight” rating for the company in a research note on Monday, May 4th. Finally, Stephens lifted their price objective on shares of Hershey from $200.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Seven analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $218.06.

Insiders Place Their Bets

In other Hershey news, CFO Steven E. Voskuil sold 1,500 shares of Hershey stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $194.10, for a total value of $291,150.00. Following the sale, the chief financial officer owned 57,695 shares of the company’s stock, valued at $11,198,599.50. This trade represents a 2.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.08% of the company’s stock.

Hershey Trading Down 1.2%

NYSE HSY opened at $184.12 on Wednesday. Hershey Company has a one year low of $158.67 and a one year high of $239.48. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.24 and a quick ratio of 0.77. The firm has a market cap of $37.35 billion, a P/E ratio of 34.29, a P/E/G ratio of 1.12 and a beta of 0.09. The stock’s 50-day moving average is $196.96 and its 200-day moving average is $198.76.

Hershey (NYSE:HSY) last issued its quarterly earnings data on Thursday, April 30th. The company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.31. Hershey had a return on equity of 28.98% and a net margin of 9.12%.The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same period in the previous year, the firm earned $2.09 EPS. Hershey’s quarterly revenue was up 10.7% compared to the same quarter last year. Sell-side analysts anticipate that Hershey Company will post 8.45 earnings per share for the current fiscal year.

Hershey Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 15th will be given a $1.452 dividend. This represents a $5.81 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, May 15th. Hershey’s payout ratio is currently 108.19%.

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.