Pensionfund Sabic cut its holdings in shares of The Hershey Company (NYSE:HSY) by 6.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,400 shares of the company’s stock after selling 1,000 shares during the period. Pensionfund Sabic’s holdings in The Hershey were worth $2,119,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Koshinski Asset Management Inc. acquired a new stake in shares of The Hershey during the fourth quarter valued at about $547,000. Valley Brook Capital Group acquired a new stake in shares of The Hershey during the fourth quarter valued at about $462,000. DekaBank Deutsche Girozentrale grew its stake in shares of The Hershey by 4.0% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 153,454 shares of the company’s stock valued at $23,596,000 after acquiring an additional 5,922 shares in the last quarter. HM Payson & Co. grew its stake in shares of The Hershey by 2.3% during the fourth quarter. HM Payson & Co. now owns 3,581 shares of the company’s stock valued at $545,000 after acquiring an additional 80 shares in the last quarter. Finally, SOA Wealth Advisors LLC. bought a new position in shares of The Hershey during the fourth quarter worth about $30,000. Institutional investors own 52.12% of the company’s stock.

NYSE HSY opened at $160.57 on Thursday. The Hershey Company has a 12 month low of $125.50 and a 12 month high of $161.71. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.44 and a quick ratio of 1.01. The firm has a market capitalization of $33.26 billion, a PE ratio of 28.17, a P/E/G ratio of 2.98 and a beta of 0.31. The company’s 50 day simple moving average is $152.94 and its 200 day simple moving average is $148.99.

The Hershey (NYSE:HSY) last posted its quarterly earnings data on Wednesday, February 3rd. The company reported $1.49 EPS for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.06. The Hershey had a net margin of 14.87% and a return on equity of 70.30%. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter last year, the business earned $1.28 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. Sell-side analysts anticipate that The Hershey Company will post 6.23 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Friday, February 19th were paid a dividend of $0.804 per share. The ex-dividend date was Thursday, February 18th. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.00%. The Hershey’s dividend payout ratio is presently 55.71%.

Several equities analysts have recently commented on the stock. Piper Sandler raised shares of The Hershey from a “neutral” rating to an “overweight” rating in a research report on Tuesday, March 23rd. Royal Bank of Canada raised shares of The Hershey from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $157.00 to $170.00 in a research report on Monday, February 8th. Jefferies Financial Group increased their price target on shares of The Hershey from $157.00 to $162.00 and gave the stock a “hold” rating in a research report on Tuesday, January 12th. Bank of America raised shares of The Hershey from a “neutral” rating to a “buy” rating and set a $168.00 price target on the stock in a research report on Wednesday, January 6th. Finally, Credit Suisse Group raised their target price on shares of The Hershey from $172.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, February 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $158.43.

In other The Hershey news, SVP Christopher M. Scalia sold 8,021 shares of The Hershey stock in a transaction that occurred on Friday, March 12th. The shares were sold at an average price of $152.47, for a total value of $1,222,961.87. Following the transaction, the senior vice president now owns 7,318 shares in the company, valued at $1,115,775.46. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michele Buck sold 2,500 shares of The Hershey stock in a transaction that occurred on Monday, March 29th. The stock was sold at an average price of $158.80, for a total transaction of $397,000.00. Following the completion of the transaction, the chief executive officer now owns 187,997 shares in the company, valued at approximately $29,853,923.60. The disclosure for this sale can be found here. Insiders have sold 18,899 shares of company stock worth $2,875,200 in the last quarter. Company insiders own 29.39% of the company’s stock.

The Hershey Company Profile

The Hershey Company, together with its subsidiaries, manufactures and sells confectionery products and pantry items. The company operates in two segments, North America; and International and Other. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products comprising mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items, including spreads, meat snacks, bars and snack bites, mixes, popcorn and protein bars, and cookies.

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Institutional Ownership by Quarter for The Hershey (NYSE:HSY)

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