The Hershey Company (NYSE:HSY) Shares Purchased by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. raised its position in shares of The Hershey Company (NYSE:HSY) by 0.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,730 shares of the company’s stock after purchasing an additional 90 shares during the period. Pittenger & Anderson Inc.’s holdings in Hershey were worth $3,017,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Moloney Securities Asset Management LLC boosted its stake in Hershey by 22.5% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 3,540 shares of the company’s stock valued at $679,000 after purchasing an additional 650 shares during the period. Catalyst Capital Advisors LLC acquired a new position in Hershey during the 3rd quarter valued at about $82,000. Hazlett Burt & Watson Inc. boosted its stake in Hershey by 20.4% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 11,315 shares of the company’s stock valued at $2,169,000 after purchasing an additional 1,917 shares during the period. World Equity Group Inc. raised its position in shares of Hershey by 4.2% during the 3rd quarter. World Equity Group Inc. now owns 3,602 shares of the company’s stock worth $691,000 after buying an additional 145 shares in the last quarter. Finally, QRG Capital Management Inc. raised its position in shares of Hershey by 20.8% during the 3rd quarter. QRG Capital Management Inc. now owns 7,729 shares of the company’s stock worth $1,482,000 after buying an additional 1,329 shares in the last quarter. 57.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Jennifer Mccalman sold 538 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $199.17, for a total transaction of $107,153.46. Following the sale, the chief accounting officer now owns 3,238 shares in the company, valued at $644,912.46. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is owned by company insiders.

Analyst Ratings Changes

HSY has been the topic of a number of recent analyst reports. Argus downgraded shares of Hershey from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Piper Sandler dropped their price target on shares of Hershey from $179.00 to $165.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. UBS Group downgraded shares of Hershey from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $226.00 to $209.00 in a research report on Monday, October 7th. Citigroup downgraded shares of Hershey from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $195.00 to $182.00 in a research report on Tuesday, August 27th. Finally, Royal Bank of Canada dropped their price target on shares of Hershey from $209.00 to $205.00 and set a “sector perform” rating on the stock in a research report on Friday, August 2nd. Five 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.com, the company currently has an average rating of “Hold” and an average target price of $191.61.

Hershey Stock Up 0.7 %

HSY stock opened at $180.17 on Wednesday. The Hershey Company has a 52-week low of $176.78 and a 52-week high of $211.92. The company’s 50 day simple moving average is $190.19 and its 200-day simple moving average is $192.45. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.48. The firm has a market capitalization of $36.45 billion, a P/E ratio of 20.02, a P/E/G ratio of 4.13 and a beta of 0.38.

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.