Tectonic Advisors LLC Acquires Shares of 2,926 The Hershey Company (NYSE:HSY)

Tectonic Advisors LLC bought a new position in The Hershey Company (NYSE:HSY) in the fourth quarter, HoldingsChannel reports. The firm bought 2,926 shares of the company’s stock, valued at approximately $496,000.

Several other large investors have also recently modified their holdings of HSY. International Assets Investment Management LLC lifted its position in Hershey by 30,461.7% in the third quarter. International Assets Investment Management LLC now owns 573,643 shares of the company’s stock worth $1,100,130,000 after buying an additional 571,766 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Hershey by 66.7% in the third quarter. Principal Financial Group Inc. now owns 972,836 shares of the company’s stock valued at $186,571,000 after acquiring an additional 389,404 shares during the period. State Street Corp lifted its holdings in shares of Hershey by 5.8% in the 3rd quarter. State Street Corp now owns 7,029,551 shares of the company’s stock worth $1,348,127,000 after acquiring an additional 386,670 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Hershey by 31.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 586,565 shares of the company’s stock worth $112,491,000 after purchasing an additional 139,831 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Hershey by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,387,715 shares of the company’s stock valued at $841,476,000 after purchasing an additional 109,336 shares during the last quarter. Institutional investors own 57.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Hershey from $184.00 to $148.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. Stifel Nicolaus decreased their price target on Hershey from $180.00 to $170.00 and set a “hold” rating for the company in a research note on Friday, January 24th. UBS Group cut their price objective on Hershey from $189.00 to $163.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Jefferies Financial Group decreased their target price on Hershey from $150.00 to $134.00 and set an “underperform” rating for the company in a research report on Tuesday, January 21st. Finally, Bank of America reissued a “neutral” rating and set a $180.00 target price on shares of Hershey in a research note on Thursday, December 12th. Seven research analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $167.10.

Hershey Stock Performance

Shares of HSY stock opened at $145.96 on Thursday. The company’s 50 day moving average is $165.80 and its 200 day moving average is $181.22. 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 firm has a market cap of $29.53 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 4.30 and a beta of 0.37. The Hershey Company has a 52-week low of $140.13 and a 52-week high of $211.92.

Insider Activity

In related news, CAO Jennifer Mccalman sold 278 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $148.00, for a total transaction of $41,144.00. Following the completion of the sale, the chief accounting officer now directly owns 2,682 shares in the company, valued at $396,936. This represents a 9.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.34% 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.