Turtle Creek Wealth Advisors LLC Buys 242 Shares of The Hershey Company (NYSE:HSY)

Turtle Creek Wealth Advisors LLC boosted its stake in shares of The Hershey Company (NYSE:HSY) by 1.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,227 shares of the company’s stock after acquiring an additional 242 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Hershey were worth $4,263,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in HSY. Sei Investments Co. boosted its stake in shares of Hershey by 2.2% in the 1st quarter. Sei Investments Co. now owns 54,540 shares of the company’s stock valued at $10,608,000 after purchasing an additional 1,168 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Hershey by 7.5% in the 1st quarter. Bleakley Financial Group LLC now owns 1,966 shares of the company’s stock valued at $382,000 after purchasing an additional 138 shares during the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of Hershey by 32.4% in the 1st quarter. Orion Portfolio Solutions LLC now owns 12,472 shares of the company’s stock valued at $2,426,000 after purchasing an additional 3,052 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in shares of Hershey by 31.3% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 3,676 shares of the company’s stock valued at $715,000 after purchasing an additional 876 shares during the last quarter. Finally, Tocqueville Asset Management L.P. boosted its stake in shares of Hershey by 33.3% in the 1st quarter. Tocqueville Asset Management L.P. now owns 1,602 shares of the company’s stock valued at $312,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 57.96% of the company’s stock.

Hershey Stock Down 4.5 %

Shares of NYSE HSY traded down $8.02 during midday trading on Friday, reaching $170.92. The company’s stock had a trading volume of 3,656,501 shares, compared to its average volume of 1,706,547. The Hershey Company has a fifty-two week low of $170.58 and a fifty-two week 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. The stock has a 50 day simple moving average of $187.31 and a 200-day simple moving average of $191.81. The stock has a market capitalization of $34.58 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 4.42 and a beta of 0.38.

Hershey Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, November 18th will be paid a $1.37 dividend. The ex-dividend date is Monday, November 18th. This represents a $5.48 annualized dividend and a dividend yield of 3.21%. Hershey’s dividend payout ratio is presently 63.13%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Citigroup lowered shares of Hershey from a “neutral” rating to a “sell” rating and reduced their target price for the company from $195.00 to $182.00 in a research note on Tuesday, August 27th. Piper Sandler increased their price target on shares of Hershey from $165.00 to $168.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Barclays cut their price target on shares of Hershey from $202.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Sanford C. Bernstein downgraded shares of Hershey from an “outperform” rating to a “market perform” rating and cut their price target for the company from $230.00 to $205.00 in a research report on Monday, October 7th. Finally, Redburn Atlantic assumed coverage on shares of Hershey in a research report on Tuesday, October 22nd. They issued a “sell” rating and a $165.00 price target on the stock. Five equities research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $189.33.

Hershey Company 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.