Money Concepts Capital Corp Has $719,000 Stake in The Hershey Company (NYSE:HSY)

Money Concepts Capital Corp lifted its stake in The Hershey Company (NYSE:HSY) by 8.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,245 shares of the company’s stock after purchasing an additional 316 shares during the quarter. Money Concepts Capital Corp’s holdings in Hershey were worth $719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in HSY. International Assets Investment Management LLC boosted its stake in shares of Hershey by 30,461.7% during the 3rd quarter. International Assets Investment Management LLC now owns 573,643 shares of the company’s stock valued at $1,100,130,000 after buying an additional 571,766 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Hershey by 66.7% during the third quarter. Principal Financial Group Inc. now owns 972,836 shares of the company’s stock worth $186,571,000 after acquiring an additional 389,404 shares in the last quarter. State Street Corp boosted its position in Hershey by 5.8% during the third quarter. State Street Corp now owns 7,029,551 shares of the company’s stock valued at $1,348,127,000 after purchasing an additional 386,670 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Hershey by 31.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 586,565 shares of the company’s stock valued at $112,491,000 after purchasing an additional 139,831 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Hershey by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,387,715 shares of the company’s stock valued at $841,476,000 after purchasing an additional 109,336 shares in the last quarter. 57.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hershey

In other news, CAO Jennifer Mccalman sold 278 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $148.00, for a total transaction of $41,144.00. Following the sale, the chief accounting officer now directly owns 2,682 shares in the company, valued at approximately $396,936. The trade was a 9.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.34% of the company’s stock.

Hershey Stock Performance

NYSE:HSY opened at $145.96 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.54 and a current ratio of 0.85. The firm’s 50-day moving average is $165.80 and its 200-day moving average is $181.22. The Hershey Company has a 52-week low of $140.13 and a 52-week high of $211.92. The company has a market cap of $29.53 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 4.30 and a beta of 0.37.

Wall Street Analysts Forecast Growth

HSY has been the subject of several research reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $178.00 price target on shares of Hershey in a report on Monday. Jefferies Financial Group dropped their price target 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. Wells Fargo & Company reduced their price objective on shares of Hershey from $150.00 to $140.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. Citigroup lowered their target price 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, Bernstein Bank reduced their price target on Hershey from $177.00 to $146.00 and set a “market perform” rating for the company in a research report on Wednesday. Seven analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.