The Hershey Company (NYSE:HSY) CAO Jennifer Mccalman Sells 278 Shares of Stock

The Hershey Company (NYSE:HSY) CAO Jennifer Mccalman sold 278 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $148.00, for a total value of $41,144.00. Following the transaction, the chief accounting officer now owns 2,682 shares of the company’s stock, valued at $396,936. The trade was a 9.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Hershey Price Performance

HSY stock opened at $144.78 on Wednesday. The firm has a 50 day simple moving average of $166.37 and a two-hundred day simple moving average of $181.55. The stock has a market cap of $29.30 billion, a PE ratio of 16.68, a P/E/G ratio of 4.30 and a beta of 0.38. The Hershey Company has a one year low of $143.95 and a one year high of $211.92. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.85 and a quick ratio of 0.54.

Hershey Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, November 18th were given a $1.37 dividend. The ex-dividend date was Monday, November 18th. This represents a $5.48 annualized dividend and a yield of 3.79%. Hershey’s dividend payout ratio (DPR) is presently 63.13%.

Wall Street Analyst Weigh In

HSY has been the subject of a number of research reports. Jefferies Financial Group cut their target price on shares of Hershey from $150.00 to $134.00 and set an “underperform” rating for the company in a research report on Tuesday, January 21st. Bank of America reiterated a “neutral” rating and issued a $180.00 price objective on shares of Hershey in a research note on Thursday, December 12th. TD Cowen lowered their target price on shares of Hershey from $190.00 to $172.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus cut their price target on Hershey from $180.00 to $170.00 and set a “hold” rating for the company in a report on Friday, January 24th. Finally, Mizuho decreased their price objective on Hershey from $195.00 to $170.00 and set a “neutral” rating on the stock in a research note on Monday, December 23rd. Seven equities research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. According to MarketBeat, Hershey presently has a consensus rating of “Hold” and an average price target of $169.79.

Institutional Investors Weigh In On Hershey

A number of large investors have recently added to or reduced their stakes in HSY. Pinnacle West Asset Management Inc. boosted its holdings in shares of Hershey by 11.9% in the 4th quarter. Pinnacle West Asset Management Inc. now owns 2,020 shares of the company’s stock worth $342,000 after purchasing an additional 215 shares in the last quarter. Mengis Capital Management Inc. lifted its position in Hershey by 2.5% in the 4th quarter. Mengis Capital Management Inc. now owns 27,065 shares of the company’s stock worth $4,583,000 after buying an additional 670 shares during the last quarter. Pine Valley Investments Ltd Liability Co boosted its stake in Hershey by 2.4% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 5,833 shares of the company’s stock worth $988,000 after buying an additional 136 shares in the last quarter. IFP Advisors Inc grew its position in Hershey by 86.4% during the fourth quarter. IFP Advisors Inc now owns 12,992 shares of the company’s stock valued at $2,200,000 after acquiring an additional 6,021 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Hershey during the fourth quarter worth approximately $1,692,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Hershey Company 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.