Arbejdsmarkedets Tillaegspension Purchases Shares of 130,098 Hershey Company (The) $HSY

Arbejdsmarkedets Tillaegspension purchased a new stake in Hershey Company (The) (NYSE:HSY) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 130,098 shares of the company’s stock, valued at approximately $23,675,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. ARS Wealth Advisors Group LLC increased its holdings in Hershey by 1.8% in the 4th quarter. ARS Wealth Advisors Group LLC now owns 3,070 shares of the company’s stock valued at $559,000 after acquiring an additional 54 shares during the last quarter. Abacus Planning Group Inc. increased its holdings in shares of Hershey by 4.0% in the 4th quarter. Abacus Planning Group Inc. now owns 1,407 shares of the company’s stock worth $256,000 after buying an additional 54 shares during the last quarter. BSW Wealth Partners increased its holdings in shares of Hershey by 5.1% in the 4th quarter. BSW Wealth Partners now owns 1,132 shares of the company’s stock worth $206,000 after buying an additional 55 shares during the last quarter. Bellevue Asset Management LLC increased its holdings in shares of Hershey by 13.5% in the 3rd quarter. Bellevue Asset Management LLC now owns 514 shares of the company’s stock worth $96,000 after buying an additional 61 shares during the last quarter. Finally, Golden State Equity Partners increased its holdings in shares of Hershey by 5.0% in the 4th quarter. Golden State Equity Partners now owns 1,284 shares of the company’s stock worth $234,000 after buying an additional 61 shares during the last quarter. 57.96% of the stock is currently owned by institutional investors.

Insider Transactions at Hershey

In other news, insider Rohit Grover sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $226.07, for a total value of $791,245.00. Following the completion of the sale, the insider owned 34,568 shares of the company’s stock, valued at approximately $7,814,787.76. This represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven E. Voskuil sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $194.10, for a total transaction of $291,150.00. Following the completion of the sale, the chief financial officer directly owned 57,695 shares of the company’s stock, valued at $11,198,599.50. The trade was a 2.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 10,000 shares of company stock valued at $2,189,090. Company insiders own 0.08% of the company’s stock.

Hershey Price Performance

Shares of HSY opened at $190.04 on Friday. The company has a 50 day moving average price of $203.53 and a 200-day moving average price of $196.98. Hershey Company has a fifty-two week low of $150.04 and a fifty-two week high of $239.48. The stock has a market capitalization of $38.55 billion, a PE ratio of 35.39, a PEG ratio of 1.17 and a beta of 0.07. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 1.24.

Hershey (NYSE:HSY) last announced its quarterly earnings results on Thursday, April 30th. The company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.31. Hershey had a net margin of 9.12% and a return on equity of 28.98%. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the prior year, the company earned $2.09 EPS. The company’s revenue was up 10.7% compared to the same quarter last year. Equities analysts predict that Hershey Company will post 8.45 earnings per share for the current fiscal year.

Hershey Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 15th will be given a $1.452 dividend. This represents a $5.81 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, May 15th. Hershey’s dividend payout ratio is presently 108.19%.

Wall Street Analyst Weigh In

HSY has been the topic of a number of research reports. Piper Sandler restated an “overweight” rating and issued a $249.00 target price on shares of Hershey in a report on Wednesday, February 25th. Wells Fargo & Company reduced their target price on shares of Hershey from $220.00 to $200.00 and set an “equal weight” rating on the stock in a report on Friday, May 1st. Stifel Nicolaus reduced their target price on shares of Hershey from $230.00 to $215.00 and set a “hold” rating on the stock in a report on Tuesday, April 21st. The Goldman Sachs Group set a $240.00 target price on shares of Hershey in a report on Friday, May 1st. Finally, Stephens lifted their price target on shares of Hershey from $200.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Seven investment analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $218.33.

Hershey Profile

The Hershey Company (NYSE: HSY) is a leading North American chocolatier and snack manufacturer headquartered in Hershey, Pennsylvania. The company develops, produces and markets a wide range of confectionery and snack products for retail, foodservice and international customers. Hershey’s business spans manufacturing, branded product marketing, packaging and distribution across grocery, convenience, mass merchant and e-commerce channels.

Hershey’s product portfolio centers on chocolate and sugar confectionery, including core brands such as Hershey’s, Reese’s, Hershey’s Kisses and Twizzlers, alongside non-chocolate snacks and confectionery brands.