Sanctuary Advisors LLC Decreases Position in The Hershey Company (NYSE:HSY)

Sanctuary Advisors LLC decreased its position in shares of The Hershey Company (NYSE:HSY) by 32.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,252 shares of the company’s stock after selling 8,773 shares during the quarter. Sanctuary Advisors LLC’s holdings in Hershey were worth $3,191,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in shares of Hershey in the third quarter worth $25,000. Capital Advisors Ltd. LLC lifted its stake in Hershey by 218.2% during 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 during the period. GHP Investment Advisors Inc. boosted its holdings in shares of Hershey by 55.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 155 shares of the company’s stock valued at $28,000 after acquiring an additional 55 shares during the last quarter. Peterson Financial Group Inc. bought a new stake in shares of Hershey in the third quarter worth approximately $46,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of Hershey during the third quarter valued at approximately $48,000. Institutional investors own 57.96% of the company’s stock.

Hershey Stock Performance

NYSE HSY opened at $177.61 on Wednesday. The business has a 50-day moving average price of $179.54 and a 200-day moving average price of $188.06. The firm has a market cap of $35.94 billion, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 4.24 and a beta of 0.37. The Hershey Company has a twelve month low of $168.16 and a twelve month high of $211.92. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.76.

Hershey Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, November 18th were given a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a dividend yield of 3.09%. The ex-dividend date was Monday, November 18th. Hershey’s payout ratio is currently 63.13%.

Analyst Ratings Changes

HSY has been the subject of a number of research analyst reports. Jefferies Financial Group cut their target price on shares of Hershey from $163.00 to $161.00 and set an “underperform” rating for the company in a research report on Thursday, October 31st. Piper Sandler lifted their price objective on Hershey from $165.00 to $168.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Bank of America reissued a “neutral” rating and issued a $180.00 target price on shares of Hershey in a report on Thursday, December 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $183.00 price target on shares of Hershey in a research report on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Hershey from $191.00 to $199.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Six investment analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to MarketBeat.com, Hershey has an average rating of “Hold” and an average target price of $185.17.

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.