Salvus Wealth Management LLC Buys Shares of 1,656 The Hershey Company (NYSE:HSY)

Salvus Wealth Management LLC purchased a new position in shares of The Hershey Company (NYSE:HSY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,656 shares of the company’s stock, valued at approximately $280,000.

A number of other institutional investors also recently made changes to their positions in the stock. Ashton Thomas Securities LLC purchased a new stake in Hershey during the 3rd quarter worth about $25,000. Peterson Financial Group Inc. acquired a new stake in shares of Hershey during the 3rd quarter worth about $46,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Hershey during the third quarter worth about $48,000. ST Germain D J Co. Inc. raised its position in shares of Hershey by 61.7% in the fourth quarter. ST Germain D J Co. Inc. now owns 262 shares of the company’s stock valued at $44,000 after buying an additional 100 shares during the last quarter. Finally, Quarry LP lifted its stake in shares of Hershey by 123.9% during the second quarter. Quarry LP now owns 300 shares of the company’s stock valued at $55,000 after buying an additional 166 shares during the period. 57.96% of the stock is owned by institutional investors and hedge funds.

Hershey Stock Up 1.6 %

HSY stock opened at $154.13 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.76. The firm has a 50 day simple moving average of $172.69 and a 200-day simple moving average of $184.81. The company has a market capitalization of $31.19 billion, a P/E ratio of 17.76, a PEG ratio of 4.31 and a beta of 0.38. The Hershey Company has a twelve month low of $150.31 and a twelve month high of $211.92.

Hershey Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, November 18th were given a $1.37 dividend. This represents a $5.48 annualized dividend and a dividend yield of 3.56%. The ex-dividend date was Monday, November 18th. Hershey’s payout ratio is currently 63.13%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Piper Sandler lowered their target price on shares of Hershey from $168.00 to $153.00 and set a “neutral” rating for the company in a research note on Thursday. JPMorgan Chase & Co. lowered their price objective on Hershey from $171.00 to $151.00 and set a “neutral” rating for the company in a research report on Thursday. Mizuho dropped their target price on Hershey from $195.00 to $170.00 and set a “neutral” rating for the company in a research note on Monday, December 23rd. Citigroup decreased their price target on Hershey from $165.00 to $159.00 and set a “sell” rating on the stock in a research note on Wednesday, January 8th. Finally, UBS Group lowered their price target on Hershey from $189.00 to $163.00 and set a “neutral” rating for the company in a report on Thursday. Six research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $177.47.

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.