Tectonic Advisors LLC Takes Position in The Hershey Company (NYSE:HSY)

Tectonic Advisors LLC acquired a new position in The Hershey Company (NYSE:HSY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,926 shares of the company’s stock, valued at approximately $496,000.

Other large investors also recently added to or reduced their stakes in the company. Park Avenue Securities LLC raised its position in Hershey by 1.1% in the third quarter. Park Avenue Securities LLC now owns 5,646 shares of the company’s stock worth $1,083,000 after acquiring an additional 62 shares during the period. Czech National Bank increased its stake in shares of Hershey by 6.9% in the 3rd quarter. Czech National Bank now owns 30,082 shares of the company’s stock worth $5,769,000 after purchasing an additional 1,952 shares in the last quarter. GAMMA Investing LLC raised its holdings in Hershey by 33.0% in the 3rd quarter. GAMMA Investing LLC now owns 4,054 shares of the company’s stock worth $777,000 after purchasing an additional 1,005 shares during the period. Atomi Financial Group Inc. purchased a new position in Hershey during the third quarter valued at $235,000. Finally, City Holding Co. grew its holdings in Hershey by 42.4% during the third quarter. City Holding Co. now owns 849 shares of the company’s stock valued at $163,000 after purchasing an additional 253 shares during the period. 57.96% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO Jennifer Mccalman sold 278 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $148.00, for a total transaction of $41,144.00. Following the sale, the chief accounting officer now owns 2,682 shares of the company’s stock, valued at $396,936. This represents a 9.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.34% of the company’s stock.

Hershey Price Performance

Shares of Hershey stock opened at $145.96 on Thursday. 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 Hershey Company has a 12 month low of $140.13 and a 12 month high of $211.92. The stock has a 50 day moving average of $165.80 and a 200 day moving average of $181.22. The firm has a market cap of $29.53 billion, a PE ratio of 16.82, a PEG ratio of 4.30 and a beta of 0.37.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wells Fargo & Company decreased their price objective on Hershey from $150.00 to $140.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Jefferies Financial Group decreased their target price on shares of Hershey from $150.00 to $134.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 21st. UBS Group dropped their price target on shares of Hershey from $189.00 to $163.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Citigroup decreased their price objective on shares of Hershey from $165.00 to $159.00 and set a “sell” rating on the stock in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Hershey from $171.00 to $151.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Seven analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to data from MarketBeat.com, Hershey presently has an average rating of “Hold” and a consensus target price of $167.10.

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.