3,126 Shares in The Hershey Company (NYSE:HSY) Acquired by Callan Family Office LLC

Callan Family Office LLC purchased a new position in shares of The Hershey Company (NYSE:HSY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,126 shares of the company’s stock, valued at approximately $529,000.

Several other large investors have also made changes to their positions in HSY. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Hershey during the 3rd quarter valued at approximately $1,337,000. Principal Financial Group Inc. grew its holdings in shares of Hershey by 66.7% during the 3rd quarter. Principal Financial Group Inc. now owns 972,836 shares of the company’s stock valued at $186,571,000 after purchasing an additional 389,404 shares during the last quarter. Woodstock Corp grew its holdings in shares of Hershey by 34.8% during the 4th quarter. Woodstock Corp now owns 6,896 shares of the company’s stock valued at $1,168,000 after purchasing an additional 1,780 shares during the last quarter. Elevate Capital Advisors LLC bought a new stake in shares of Hershey during the 4th quarter valued at approximately $1,939,000. Finally, HighTower Advisors LLC grew its holdings in shares of Hershey by 61.9% during the 3rd quarter. HighTower Advisors LLC now owns 120,159 shares of the company’s stock valued at $23,052,000 after purchasing an additional 45,936 shares during the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.

Insider Buying and Selling

In related news, CAO Jennifer Mccalman sold 278 shares of Hershey stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $148.00, for a total value of $41,144.00. Following the completion of the sale, the chief accounting officer now owns 2,682 shares of the company’s stock, valued at approximately $396,936. This trade represents a 9.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.34% of the stock is owned by insiders.

Hershey Price Performance

HSY stock opened at $185.11 on Monday. The firm has a market cap of $37.47 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 5.90 and a beta of 0.32. The Hershey Company has a 12-month low of $140.13 and a 12-month high of $211.92. The company’s fifty day simple moving average is $161.48 and its 200 day simple moving average is $176.40. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.68.

Hershey (NYSE:HSY) last issued its earnings results on Thursday, February 6th. The company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.29. Hershey had a net margin of 19.83% and a return on equity of 44.77%. On average, analysts expect that The Hershey Company will post 6.12 earnings per share for the current year.

Hershey Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 17th will be paid a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a yield of 2.96%. The ex-dividend date is Friday, February 14th. Hershey’s dividend payout ratio is presently 50.28%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. TD Cowen decreased their price target on shares of Hershey from $190.00 to $172.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price objective on Hershey from $171.00 to $151.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Wells Fargo & Company lowered their price objective on Hershey from $150.00 to $140.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $178.00 price objective on shares of Hershey in a research note on Monday, February 3rd. Finally, Bank of America reaffirmed a “neutral” rating and issued a $180.00 price objective on shares of Hershey in a research note on Thursday, December 12th. Five research analysts have rated the stock with a sell rating and sixteen have issued a hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $164.15.

Hershey Profile

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.