Occidental Asset Management LLC Has $229,000 Stock Position in The Hershey Company (NYSE:HSY)

Occidental Asset Management LLC reduced its stake in The Hershey Company (NYSE:HSY) by 10.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,354 shares of the company’s stock after selling 150 shares during the quarter. Occidental Asset Management LLC’s holdings in Hershey were worth $229,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HSY. Ashton Thomas Securities LLC bought a new position in shares of Hershey during the third quarter worth approximately $25,000. ST Germain D J Co. Inc. grew its holdings in Hershey by 61.7% in the 4th 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 in the last quarter. Peterson Financial Group Inc. acquired a new position in Hershey in the 3rd quarter valued at $46,000. Future Financial Wealth Managment LLC bought a new position in Hershey during the 3rd quarter worth $48,000. Finally, City State Bank lifted its holdings in shares of Hershey by 210.0% during the fourth quarter. City State Bank now owns 310 shares of the company’s stock worth $52,000 after buying an additional 210 shares in the last quarter. 57.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Mizuho decreased their price target on shares of Hershey from $195.00 to $170.00 and set a “neutral” rating on the stock in a research note on Monday, December 23rd. Jefferies Financial Group decreased their target price on shares of Hershey from $163.00 to $161.00 and set an “underperform” rating on the stock in a research report on Thursday, October 31st. TD Cowen dropped their price target on shares of Hershey from $190.00 to $172.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Barclays reduced their price target on Hershey from $180.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, UBS Group lowered their price objective on Hershey from $189.00 to $163.00 and set a “neutral” rating on the stock in a research note on Thursday. Six investment analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $176.42.

Hershey Trading Down 0.8 %

HSY opened at $152.82 on Friday. The company’s 50 day moving average is $171.86 and its 200-day moving average is $184.39. The company has a market cap of $30.92 billion, a P/E ratio of 17.61, a PEG ratio of 4.31 and a beta of 0.38. The Hershey Company has a 1-year low of $150.31 and a 1-year high of $211.92. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.76.

Hershey Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, November 18th were paid a dividend of $1.37 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 3.59%. Hershey’s payout ratio is presently 63.13%.

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.