The Hershey Company (NYSE:HSY) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its stake in shares of The Hershey Company (NYSE:HSYFree Report) by 2.2% in the fourth quarter, HoldingsChannel reports. The firm owned 11,322 shares of the company’s stock after selling 256 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Hershey were worth $2,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in HSY. Tower Research Capital LLC TRC boosted its holdings in shares of Hershey by 96.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 17,614 shares of the company’s stock valued at $3,284,000 after acquiring an additional 8,665 shares during the period. Lake Street Advisors Group LLC bought a new stake in Hershey in the 4th quarter valued at about $282,000. First Trust Advisors LP lifted its position in Hershey by 0.8% in the 4th quarter. First Trust Advisors LP now owns 434,504 shares of the company’s stock valued at $81,009,000 after purchasing an additional 3,299 shares during the last quarter. Edge Capital Group LLC boosted its stake in Hershey by 31.0% during the 4th quarter. Edge Capital Group LLC now owns 2,006 shares of the company’s stock valued at $374,000 after purchasing an additional 475 shares during the period. Finally, CIBC Private Wealth Group LLC grew its position in Hershey by 3.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 20,569 shares of the company’s stock worth $3,835,000 after purchasing an additional 626 shares during the last quarter. 57.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HSY has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their price objective on Hershey from $185.00 to $193.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Edward Jones restated a “hold” rating on shares of Hershey in a research note on Friday, April 19th. BNP Paribas lowered shares of Hershey from an “outperform” rating to a “neutral” rating and set a $208.00 target price for the company. in a research report on Tuesday, March 26th. Argus dropped their price target on shares of Hershey from $240.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, May 30th. Finally, Barclays raised their price objective on shares of Hershey from $200.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday, February 12th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $210.56.

Read Our Latest Stock Analysis on Hershey

Insiders Place Their Bets

In other news, CFO Steven E. Voskuil sold 1,500 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $185.83, for a total value of $278,745.00. Following the completion of the sale, the chief financial officer now directly owns 38,728 shares of the company’s stock, valued at $7,196,824.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 4,500 shares of company stock worth $882,405. 0.34% of the stock is currently owned by company insiders.

Hershey Price Performance

HSY stock opened at $196.06 on Friday. The firm has a 50-day moving average of $195.83 and a two-hundred day moving average of $192.55. The firm has a market capitalization of $39.65 billion, a PE ratio of 19.43, a P/E/G ratio of 4.41 and a beta of 0.37. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 0.92. The Hershey Company has a one year low of $178.82 and a one year high of $263.29.

Hershey (NYSE:HSYGet Free Report) last announced its earnings results on Friday, May 3rd. The company reported $3.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.33. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.11 billion. Hershey had a net margin of 18.13% and a return on equity of 50.15%. The company’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.96 EPS. On average, analysts forecast that The Hershey Company will post 9.6 earnings per share for the current year.

Hershey Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 17th will be paid a $1.37 dividend. This represents a $5.48 annualized dividend and a yield of 2.80%. The ex-dividend date is Thursday, May 16th. Hershey’s dividend payout ratio is currently 54.31%.

Hershey Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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