The Hershey Company (NYSE:HSY) Stock Position Cut by Apollon Wealth Management LLC

Apollon Wealth Management LLC lessened its stake in The Hershey Company (NYSE:HSY) by 5.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,177 shares of the company’s stock after selling 530 shares during the period. Apollon Wealth Management LLC’s holdings in Hershey were worth $1,760,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sei Investments Co. boosted its position in shares of Hershey by 2.2% during the 1st quarter. Sei Investments Co. now owns 54,540 shares of the company’s stock valued at $10,608,000 after purchasing an additional 1,168 shares in the last quarter. Bleakley Financial Group LLC grew its stake in shares of Hershey by 7.5% in the 1st quarter. Bleakley Financial Group LLC now owns 1,966 shares of the company’s stock worth $382,000 after purchasing an additional 138 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of Hershey by 7.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 165,267 shares of the company’s stock worth $32,144,000 after purchasing an additional 11,967 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Hershey by 22.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 189,936 shares of the company’s stock worth $36,943,000 after acquiring an additional 34,725 shares in the last quarter. Finally, Scout Investments Inc. increased its position in shares of Hershey by 75.0% in the first quarter. Scout Investments Inc. now owns 56,239 shares of the company’s stock worth $11,151,000 after acquiring an additional 24,100 shares in the last quarter. Institutional investors own 57.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on HSY shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Hershey from $191.00 to $199.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Redburn Atlantic started coverage on shares of Hershey in a research report on Tuesday, October 22nd. They issued a “sell” rating and a $165.00 target price on the stock. The Goldman Sachs Group started coverage on shares of Hershey in a research report on Monday, August 12th. They issued a “sell” rating and a $185.00 target price on the stock. Bank of America decreased their price target on shares of Hershey from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Finally, Barclays reduced their target price on shares of Hershey from $202.00 to $180.00 and set an “equal weight” rating for the company in a research note on Monday. Five equities research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company’s stock. According to data from MarketBeat, Hershey has an average rating of “Hold” and a consensus price target of $189.33.

Hershey Trading Up 1.6 %

Shares of HSY stock opened at $184.45 on Thursday. The Hershey Company has a 1 year low of $171.67 and a 1 year high of $211.92. The firm’s fifty day simple moving average is $188.56 and its 200 day simple moving average is $192.10. The firm has a market capitalization of $37.31 billion, a P/E ratio of 21.25, a price-to-earnings-growth ratio of 4.35 and a beta of 0.38. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.76.

Hershey Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, November 18th will be given a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Monday, November 18th. Hershey’s dividend payout ratio (DPR) is currently 63.13%.

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.