Nichols & Pratt Advisers LLP MA bought The Hershey Company (NYSE: HSY) during the third quarter, as stated in the most recent Form 13F filing that the company made with the Securities and Exchange Commission (SEC). This information is included in the document that was filed (SEC). The investment fund shelled out close to 202,000 dollars to purchase 915 shares of stock in the company.
Recent transactions have resulted in several institutional investors and other hedge funds modifying the amount of the company’s stock that they currently hold in their portfolios. Zions Bancorporation N.A. achieved a 121.3% increase in the proportion of Hershey’s stock that it owned during the first three months of the current year. After making an additional investment of 74 shares during the most recent quarter, Zions Bancorporation N.A. now holds a total of 135 shares in the company, which have a market value of $29,000. Ronald Blue Trust Inc. purchased a further approximately $33,000 worth of Hershey stock during the second quarter, bringing the company’s total number of shares to 100. During the third quarter, American National Bank achieved a 359.3% increase in the proportion of Hershey’s stock that it owned. American National Bank has 248 shares, valued at $55,000, after purchasing an additional 194 shares during the most recent quarter. This brings the total number of shares that the bank owns in the company to 248. Orion Capital Management LLC increased its stake in Hershey by purchasing additional shares during the second quarter, allocating approximately $54,000 toward this endeavor. Not to mention, during the second quarter, ACG opened a new Hershey position that was valued at approximately $57,000. The majority of the company’s stock, or 54.17 percent, is owned by large financial institutions as shareholders.
On Friday, the price of one share of Hershey Company rose $1.71 to a new all-time high of $225.90. The normal volume of trading for these shares is 990,428 contracts, so the 11,893 trades that took place today represent a significant increase in activity. The stock is currently trading at $230.69, which is higher than its 50-day and 200-day moving averages, which are both sitting at $226.99, respectively. The debt-to-equity ratio presently stands at 1.08, the quick ratio stands at 0.45, and the current ratio stands at 0.79. Over the previous year, the share price of The Hershey Company ranged from a low of $191.00 to a high of $242.63 during the same period. The company possesses a beta coefficient of 0.35, a market capitalization currently sitting at $46.33 billion, a P.E. ratio of 29.27, and a PEG ratio of 3.28.
Hershey, traded on the New York Stock Exchange under the ticker symbol HSY, released its most recent quarterly earnings report on November 4, a Friday. The actual earnings per share generated by the company for the quarter came in at $2.17, which is $0.10 more than the estimate floating around, which was $2.07. The actual revenue the company brought in for the quarter was $2.73 billion, which is higher than the forecasted revenue of $2.62 billion expected for the company throughout the quarter. Hershey achieved a return on equity of 58.19%, while the company’s net margin came in at 15.69%. Hershey’s revenue rose by 15.6% compared to the previous fiscal year. The company made a profit of $2.10 per share during the same period the year before compared to the current year. Sell-side analysts forecast that The Hershey Company will generate profits of $8.29 per share in this current fiscal year.
In addition, the company announced a quarterly dividend, and on December 15th, that dividend was paid out to shareholders. On Friday, November 18th, dividend payments to stockholders whose information was already on file were sent out. The total amount of these payments was $1.036. This translates to a yearly yield of 1.83% and a dividend payment of $4.14 for every shareholder. Thursday, November 17, was the last day dividends were distributed before they were discontinued. Hershey’s current dividend payout ratio is 54.05 percent of total earnings per share.
Pamela M. Arway, a director at the company, sold 211 shares of the company’s stock on Tuesday, January 10, according to news related to this event. It was determined that the shares were sold at an average price of $225.97 per share, which resulted in a total sale volume of 47,679.67 dollars. Following the completion of the sale, the director will have a direct ownership stake in 15,561 company shares, the value of which will be $3,516,319.17 at the time of this writing. On the Securities and Exchange Commission (SEC) website, you can currently access the information submitted to the SEC in connection with the sale. Charles R. Raup, an employee of the company who was on the inside, sold 1,512 shares of the company’s stock on Tuesday, December 27. Another piece of information about Hershey has been recently discovered. It was determined that the shares could be sold for an average price of $236.38 each, which resulted in a total sale price of $357,406.56 in dollars. Following the completion of the transaction, the corporate insider now directly owns 13,713 shares of the company. The current market value of these shares is $3,241,478.94. If you click on the link, you will be taken to a filing with the Securities and Exchange Commission, where you can acquire additional information regarding the transaction. In addition, Pamela M. Arway, a company director, sold 211 shares on Tuesday, January 10th. It was determined that the shares were sold at an average price of $225.97 per share, which resulted in a total sale volume of 47,679.67 dollars. The director is now the proud owner of 15,561 shares in the company, which have a combined value of $3,516,319.17 as a direct result of the transaction. This is where you may see the disclosure that pertains to the sale. Over the most recent three months, company insiders have sold 28,496 shares, resulting in a total sales volume of $6,457,630. The company’s management and employees collectively own 0.34% of the company’s total shares of stock.
There have been several research analysts who have issued their reports on the HSY shares. In a research report released on November 7th, Mizuho increased its price objective for Hershey’s stock by $22.00 and rated the company’s stock as “neutral.” The report could be accessed via the internet. On November 15, the day before the previous trading day, Exane BNP Paribas started providing coverage for Hershey. They provided the stock with a ” neutral ” rating and determined that a price objective of $235.00 was appropriate for the stock. Morgan Stanley increased their price target on Hershey from $224.00 to $231.00 in a research report that was published on Tuesday, December 20th.
Additionally, the company gave the company a rating of “equal weight” in its assessment. In a report made available to the public on November 18th, Erste Group Bank announced that it was changing its recommendation for Hershey from a “buy” rating to a “hold” rating. The UBS Group raised their price objective for Hershey from $244.00 to $269.00 and upgraded the company from “neutral” to “buy” in a research report published on December 8th. This is the last but not the least of the changes. Nine analysts have issued a recommendation to buy the stock, nine have issued a recommendation to hold the stock, and one has issued a recommendation to sell the stock. The data that Bloomberg provided indicates that the current recommendation for Hershey is “Hold,” and the price target that the consensus has determined is set at $232.00.