Hershey Co (HSY) Shares Bought by Rational Advisors LLC
Rational Advisors LLC boosted its stake in shares of Hershey Co (NYSE:HSY) by 19,353.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 9,532 shares of the company’s stock after buying an additional 9,483 shares during the period. Rational Advisors LLC’s holdings in Hershey were worth $1,094,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. Piedmont Investment Advisors Inc. grew its stake in shares of Hershey by 1.5% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 11,491 shares of the company’s stock worth $1,320,000 after acquiring an additional 173 shares in the last quarter. Catalyst Capital Advisors LLC grew its stake in shares of Hershey by 48.4% during the 1st quarter. Catalyst Capital Advisors LLC now owns 383 shares of the company’s stock worth $44,000 after acquiring an additional 125 shares in the last quarter. Penserra Capital Management LLC bought a new position in shares of Hershey during the 1st quarter worth approximately $1,240,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Hershey by 67.8% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 178,900 shares of the company’s stock worth $20,543,000 after acquiring an additional 72,300 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in shares of Hershey by 12.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 300,397 shares of the company’s stock worth $34,394,000 after acquiring an additional 33,884 shares in the last quarter. Hedge funds and other institutional investors own 53.04% of the company’s stock.
NYSE:HSY opened at $130.22 on Friday. Hershey Co has a 1-year low of $89.29 and a 1-year high of $131.79. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.92 and a quick ratio of 0.59. The firm has a market capitalization of $27.21 billion, a P/E ratio of 24.29, a PEG ratio of 2.86 and a beta of 0.18.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be given a dividend of $0.722 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.89 dividend on an annualized basis and a yield of 2.22%. Hershey’s dividend payout ratio (DPR) is 53.92%.
In other Hershey news, major shareholder Hershey Trust Co Trustee In Tr sold 524,260 shares of Hershey stock in a transaction on Monday, May 20th. The shares were sold at an average price of $129.14, for a total transaction of $67,702,936.40. Following the completion of the transaction, the insider now directly owns 473,052 shares of the company’s stock, valued at $61,089,935.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Javier H. Idrovo sold 7,385 shares of Hershey stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $120.00, for a total transaction of $886,200.00. Following the transaction, the vice president now directly owns 33,336 shares of the company’s stock, valued at $4,000,320. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,599,898 shares of company stock valued at $452,918,580. Company insiders own 0.41% of the company’s stock.
HSY has been the subject of several research reports. Credit Suisse Group set a $123.00 price target on shares of Hershey and gave the stock a “hold” rating in a research note on Friday, April 26th. ValuEngine cut shares of Hershey from a “buy” rating to a “hold” rating in a research note on Thursday, January 24th. Zacks Investment Research cut shares of Hershey from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. UBS Group set a $100.00 target price on shares of Hershey and gave the company a “sell” rating in a research note on Friday, April 26th. Finally, BMO Capital Markets raised their target price on shares of Hershey from $93.00 to $108.00 and gave the company a “market perform” rating in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $113.27.
Hershey Company Profile
The Hershey Company, together with its subsidiaries, manufactures and sells confectionery products. The company operates through 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.
Want to see what other hedge funds are holding HSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hershey Co (NYSE:HSY).
Receive News & Ratings for Hershey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hershey and related companies with MarketBeat.com's FREE daily email newsletter.