Aaron Wealth Advisors LLC Has $793,000 Position in The Hershey Company (NYSE:HSY)

Aaron Wealth Advisors LLC lifted its position in shares of The Hershey Company (NYSE:HSY) by 12.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,681 shares of the company’s stock after purchasing an additional 505 shares during the period. Aaron Wealth Advisors LLC’s holdings in Hershey were worth $793,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of HSY. Burns J W & Co. Inc. NY lifted its position in shares of Hershey by 0.8% in the third quarter. Burns J W & Co. Inc. NY now owns 7,355 shares of the company’s stock valued at $1,411,000 after buying an additional 58 shares during the last quarter. Brighton Jones LLC raised its stake in Hershey by 2.3% in the 2nd quarter. Brighton Jones LLC now owns 2,631 shares of the company’s stock valued at $484,000 after acquiring an additional 59 shares during the period. Park Avenue Securities LLC lifted its holdings in Hershey by 1.1% during the 3rd quarter. Park Avenue Securities LLC now owns 5,646 shares of the company’s stock valued at $1,083,000 after purchasing an additional 62 shares during the last quarter. Salomon & Ludwin LLC boosted its position in Hershey by 23.3% during the third quarter. Salomon & Ludwin LLC now owns 333 shares of the company’s stock worth $64,000 after purchasing an additional 63 shares during the period. Finally, Forum Financial Management LP raised its position in shares of Hershey by 1.6% in the third quarter. Forum Financial Management LP now owns 4,130 shares of the company’s stock valued at $792,000 after purchasing an additional 64 shares during the period. 57.96% of the stock is currently owned by institutional investors and hedge funds.

Hershey Stock Performance

Shares of Hershey stock opened at $152.82 on Friday. The stock has a market cap of $30.92 billion, a price-to-earnings ratio of 17.61, a P/E/G ratio of 4.31 and a beta of 0.38. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.76. The Hershey Company has a twelve month low of $150.31 and a twelve month high of $211.92. The company’s fifty day moving average is $171.86 and its 200 day moving average is $184.39.

Hershey Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, November 18th were paid a $1.37 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $5.48 annualized dividend and a dividend yield of 3.59%. Hershey’s payout ratio is 63.13%.

Analyst Ratings Changes

Several brokerages recently commented on HSY. Citigroup reduced their target price on shares of Hershey from $165.00 to $159.00 and set a “sell” rating for the company in a report on Wednesday, January 8th. Redburn Atlantic assumed coverage on Hershey in a report on Tuesday, October 22nd. They set a “sell” rating and a $165.00 price objective for the company. Barclays decreased their target price on Hershey from $180.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Friday. Sanford C. Bernstein cut Hershey from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $230.00 to $205.00 in a report on Monday, October 7th. Finally, UBS Group reduced their price target on Hershey from $189.00 to $163.00 and set a “neutral” rating for the company in a research note on Thursday. Six analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $176.42.

Hershey Profile

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.