Corient Private Wealth LLC Has $6.47 Million Holdings in The Hershey Company (NYSE:HSY)

Corient Private Wealth LLC lowered its stake in shares of The Hershey Company (NYSE:HSY) by 12.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 38,211 shares of the company’s stock after selling 5,284 shares during the period. Corient Private Wealth LLC’s holdings in Hershey were worth $6,471,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Grove Bank & Trust boosted its position in shares of Hershey by 248.0% during the fourth quarter. Grove Bank & Trust now owns 174 shares of the company’s stock valued at $29,000 after buying an additional 124 shares during the last quarter. Vision Financial Markets LLC purchased a new position in Hershey during the 4th quarter worth $29,000. ST Germain D J Co. Inc. grew its stake in shares of Hershey by 61.7% in the 4th quarter. ST Germain D J Co. Inc. now owns 262 shares of the company’s stock worth $44,000 after acquiring an additional 100 shares in the last quarter. City State Bank raised its holdings in shares of Hershey by 210.0% in the fourth quarter. City State Bank now owns 310 shares of the company’s stock valued at $52,000 after purchasing an additional 210 shares during the last quarter. Finally, Comprehensive Financial Planning Inc. PA bought a new position in shares of Hershey during the fourth quarter valued at about $54,000. 57.96% of the stock is owned by institutional investors.

Hershey Trading Down 1.8 %

Shares of HSY opened at $164.33 on Friday. The business’s 50-day moving average price is $162.43 and its 200-day moving average price is $175.30. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.68. The Hershey Company has a twelve month low of $140.13 and a twelve month high of $211.92. The stock has a market cap of $33.26 billion, a PE ratio of 15.08, a P/E/G ratio of 5.90 and a beta of 0.32.

Hershey (NYSE:HSY) last posted its earnings results on Thursday, February 6th. The company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.29. Hershey had a net margin of 19.83% and a return on equity of 44.77%. On average, equities analysts forecast that The Hershey Company will post 6.12 EPS for the current fiscal year.

Hershey Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 17th were given a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a yield of 3.33%. The ex-dividend date was Friday, February 14th. Hershey’s payout ratio is 50.28%.

Insiders Place Their Bets

In other news, CAO Jennifer Mccalman sold 278 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $148.00, for a total transaction of $41,144.00. Following the completion of the transaction, the chief accounting officer now owns 2,682 shares of the company’s stock, valued at approximately $396,936. The trade was a 9.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

HSY has been the subject of several analyst reports. Bank of America reiterated a “neutral” rating and issued a $180.00 price objective on shares of Hershey in a research note on Thursday, December 12th. Mizuho decreased their price target on Hershey from $170.00 to $140.00 in a research report on Wednesday, February 5th. Bernstein Bank cut their price objective on Hershey from $177.00 to $146.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Jefferies Financial Group decreased their target price on Hershey from $150.00 to $134.00 and set an “underperform” rating for the company in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company increased their price target on shares of Hershey from $125.00 to $132.00 and gave the company an “underweight” rating in a research report on Friday, March 14th. Five analysts have rated the stock with a sell rating and sixteen have issued a hold rating to the company. According to MarketBeat.com, Hershey presently has an average rating of “Hold” and an average price target of $163.75.

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.