Oxler Private Wealth LLC Has $853,000 Stock Holdings in The Hershey Company (NYSE:HSY)

Oxler Private Wealth LLC lowered its stake in shares of The Hershey Company (NYSE:HSY) by 5.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,037 shares of the company’s stock after selling 293 shares during the period. Oxler Private Wealth LLC’s holdings in Hershey were worth $853,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its position in Hershey by 8.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 16,646 shares of the company’s stock worth $3,060,000 after purchasing an additional 1,328 shares during the last quarter. Quarry LP increased its holdings in Hershey by 123.9% in the second quarter. Quarry LP now owns 300 shares of the company’s stock worth $55,000 after buying an additional 166 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in Hershey by 42.3% during the second quarter. B. Riley Wealth Advisors Inc. now owns 2,829 shares of the company’s stock valued at $520,000 after acquiring an additional 841 shares in the last quarter. Cetera Investment Advisers lifted its stake in Hershey by 8.1% in the second quarter. Cetera Investment Advisers now owns 85,195 shares of the company’s stock valued at $15,661,000 after acquiring an additional 6,420 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Hershey in the second quarter worth approximately $5,031,000. 57.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Bank of America restated a “neutral” rating and set a $180.00 price target on shares of Hershey in a report on Thursday, December 12th. JPMorgan Chase & Co. reduced their price target on Hershey from $171.00 to $151.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company lowered their price objective on Hershey from $150.00 to $140.00 and set an “underweight” rating on the stock in a report on Friday, January 17th. Mizuho reduced their target price on Hershey from $195.00 to $170.00 and set a “neutral” rating for the company in a report on Monday, December 23rd. Finally, Piper Sandler downgraded Hershey from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $153.00 to $120.00 in a report on Friday. Seven investment analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. According to MarketBeat, Hershey currently has a consensus rating of “Hold” and a consensus target price of $170.05.

Hershey Trading Down 1.9 %

Hershey stock opened at $149.19 on Friday. The business has a 50 day moving average price of $167.44 and a two-hundred day moving average price of $182.29. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.76. The Hershey Company has a 12 month low of $147.60 and a 12 month high of $211.92. The stock has a market cap of $30.19 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 4.28 and a beta of 0.38.

Hershey Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, November 18th were given a $1.37 dividend. The ex-dividend date was Monday, November 18th. This represents a $5.48 annualized dividend and a yield of 3.67%. 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.