Money Concepts Capital Corp Has $719,000 Stock Holdings in The Hershey Company (NYSE:HSY)

Money Concepts Capital Corp raised its stake in shares of The Hershey Company (NYSE:HSY) by 8.0% during the fourth quarter, Holdings Channel reports. The firm owned 4,245 shares of the company’s stock after buying an additional 316 shares during the period. Money Concepts Capital Corp’s holdings in Hershey were worth $719,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. State Street Corp boosted its stake in Hershey by 5.8% in the 3rd quarter. State Street Corp now owns 7,029,551 shares of the company’s stock valued at $1,348,127,000 after buying an additional 386,670 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Hershey by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,387,715 shares of the company’s stock valued at $841,476,000 after acquiring an additional 109,336 shares during the period. Geode Capital Management LLC boosted its stake in shares of Hershey by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,753,751 shares of the company’s stock valued at $717,606,000 after purchasing an additional 35,688 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Hershey by 66.7% in the 3rd quarter. Principal Financial Group Inc. now owns 972,836 shares of the company’s stock worth $186,571,000 after purchasing an additional 389,404 shares during the last quarter. Finally, Stifel Financial Corp increased its position in shares of Hershey by 3.2% during the 3rd quarter. Stifel Financial Corp now owns 964,748 shares of the company’s stock worth $185,027,000 after purchasing an additional 29,507 shares in the last quarter. 57.96% of the stock is currently owned by institutional investors.

Insider Activity at Hershey

In related news, CAO Jennifer Mccalman sold 278 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $148.00, for a total transaction of $41,144.00. Following the completion of the transaction, the chief accounting officer now owns 2,682 shares in the company, valued at approximately $396,936. The trade was a 9.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.34% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Redburn Atlantic initiated coverage on shares of Hershey in a research note on Tuesday, October 22nd. They set a “sell” rating and a $165.00 price objective on the stock. Barclays decreased their price target on Hershey from $180.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Royal Bank of Canada reissued a “sector perform” rating and issued a $178.00 price objective on shares of Hershey in a research note on Monday. Bank of America restated a “neutral” rating and issued a $180.00 target price on shares of Hershey in a research note on Thursday, December 12th. Finally, Jefferies Financial Group reduced their price target on shares of Hershey from $150.00 to $134.00 and set an “underperform” rating on the stock in a research report on Tuesday, January 21st. Seven research analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $167.10.

Hershey Stock Performance

HSY stock opened at $145.96 on Thursday. The Hershey Company has a twelve month low of $140.13 and a twelve month high of $211.92. 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 company has a market cap of $29.53 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 4.30 and a beta of 0.37. The business’s fifty day moving average is $165.80 and its 200-day moving average is $181.22.

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.