Koshinski Asset Management Inc. Buys 1,498 Shares of The Hershey Company (NYSE:HSY)

Koshinski Asset Management Inc. boosted its holdings in The Hershey Company (NYSE:HSY) by 59.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,015 shares of the company’s stock after buying an additional 1,498 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Hershey were worth $770,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Advisors Ltd. LLC grew its stake in shares of Hershey by 218.2% in the second quarter. Capital Advisors Ltd. LLC now owns 140 shares of the company’s stock worth $26,000 after purchasing an additional 96 shares during the last quarter. GHP Investment Advisors Inc. grew its stake in Hershey by 55.0% during the second quarter. GHP Investment Advisors Inc. now owns 155 shares of the company’s stock worth $28,000 after purchasing an additional 55 shares during the period. Riverview Trust Co bought a new stake in shares of Hershey in the 1st quarter valued at $29,000. OFI Invest Asset Management acquired a new position in shares of Hershey during the second quarter valued at about $29,000. Finally, Quarry LP bought a new position in Hershey in the fourth quarter worth approximately $34,000. 57.96% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Steven E. Voskuil sold 1,500 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $190.83, for a total transaction of $286,245.00. Following the sale, the chief financial officer now owns 34,228 shares in the company, valued at $6,531,729.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Steven E. Voskuil sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $190.83, for a total transaction of $286,245.00. Following the completion of the transaction, the chief financial officer now directly owns 34,228 shares of the company’s stock, valued at $6,531,729.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jennifer Mccalman sold 538 shares of Hershey stock in a transaction on Monday, August 12th. The stock was sold at an average price of $199.17, for a total value of $107,153.46. Following the completion of the sale, the chief accounting officer now directly owns 3,238 shares of the company’s stock, valued at $644,912.46. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by insiders.

Hershey Trading Up 0.0 %

Shares of HSY stock opened at $186.04 on Tuesday. The firm has a market cap of $37.62 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 5.44 and a beta of 0.37. The company has a quick ratio of 0.48, a current ratio of 0.86 and a debt-to-equity ratio of 0.87. The Hershey Company has a 12-month low of $178.82 and a 12-month high of $211.92. The business has a 50-day moving average price of $195.28 and a two-hundred day moving average price of $193.46.

Hershey (NYSE:HSY) last released its quarterly earnings data on Thursday, August 1st. The company reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.17). Hershey had a net margin of 16.76% and a return on equity of 45.36%. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same period last year, the company posted $2.01 EPS. The business’s revenue for the quarter was down 16.7% compared to the same quarter last year. Equities analysts anticipate that The Hershey Company will post 9.47 EPS for the current fiscal year.

Hershey Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 16th were given a $1.37 dividend. This represents a $5.48 annualized dividend and a dividend yield of 2.95%. The ex-dividend date was Friday, August 16th. Hershey’s dividend payout ratio is currently 54.31%.

Analyst Ratings Changes

Several equities research analysts have recently commented on HSY shares. Piper Sandler reissued a “neutral” rating and set a $179.00 target price on shares of Hershey in a research report on Friday, June 21st. UBS Group cut Hershey from a “buy” rating to a “neutral” rating and cut their target price for the company from $226.00 to $209.00 in a research report on Monday, October 7th. Wells Fargo & Company dropped their price objective on Hershey from $205.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Friday, June 21st. JPMorgan Chase & Co. reduced their target price on shares of Hershey from $188.00 to $180.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Royal Bank of Canada decreased their price target on Hershey from $209.00 to $205.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a sell rating and sixteen have given a hold rating to the stock. According to MarketBeat.com, Hershey currently has an average rating of “Hold” and an average target price of $195.26.

About Hershey

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.