Nwam LLC Invests $329,000 in The Hershey Company (NYSE:HSY)

Nwam LLC bought a new stake in shares of The Hershey Company (NYSE:HSY) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,713 shares of the company’s stock, valued at approximately $329,000.

Other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in Hershey during the third quarter valued at about $25,000. Capital Advisors Ltd. LLC lifted its position in shares of Hershey by 218.2% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 140 shares of the company’s stock valued at $26,000 after acquiring an additional 96 shares in the last quarter. GHP Investment Advisors Inc. boosted its stake in Hershey by 55.0% in the 2nd 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. OFI Invest Asset Management purchased a new position in Hershey during the 2nd quarter worth approximately $29,000. Finally, Peterson Financial Group Inc. acquired a new stake in Hershey during the 3rd quarter valued at $46,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Hershey Stock Performance

Shares of NYSE HSY opened at $174.81 on Monday. The business’s 50-day simple moving average is $184.51 and its 200-day simple moving average is $190.90. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.54 and a current ratio of 0.85. The Hershey Company has a 52 week low of $168.16 and a 52 week high of $211.92. The firm has a market cap of $35.37 billion, a price-to-earnings ratio of 20.14, a P/E/G ratio of 4.19 and a beta of 0.38.

Hershey Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, November 18th will be given a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Monday, November 18th. Hershey’s dividend payout ratio is 63.13%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised their target price on Hershey from $191.00 to $199.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Barclays lowered their target price on Hershey from $202.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Sanford C. Bernstein lowered shares of Hershey from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $230.00 to $205.00 in a research report on Monday, October 7th. The Goldman Sachs Group initiated coverage on shares of Hershey in a research report on Monday, August 12th. They set a “sell” rating and a $185.00 price objective on the stock. Finally, Piper Sandler increased their target price on shares of Hershey from $165.00 to $168.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Five equities research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $189.33.

Hershey Company 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.