Citigroup Inc. trimmed its holdings in The Hershey Firm (NYSE:HSY – Free Report) by 4.0% within the third quarter, in response to its most up-to-date disclosure with the SEC. The fund owned 150,412 shares of the corporate’s inventory after promoting 6,298 shares throughout the interval. Citigroup Inc. owned 0.07% of Hershey price $28,846,000 on the finish of the latest reporting interval.
Different hedge funds have additionally made adjustments to their positions within the firm. B. Metzler seel. Sohn & Co. Holding AG bought a brand new stake in Hershey throughout the third quarter valued at roughly $1,337,000. LPL Monetary LLC raised its stake in shares of Hershey by 10.0% throughout the second quarter. LPL Monetary LLC now owns 320,680 shares of the corporate’s inventory price $58,951,000 after buying an extra 29,246 shares over the last quarter. MAI Capital Administration lifted its holdings in shares of Hershey by 11.6% throughout the third quarter. MAI Capital Administration now owns 123,160 shares of the corporate’s inventory price $23,620,000 after buying an extra 12,832 shares throughout the interval. Portfolio Design Labs LLC bought a brand new place in Hershey within the third quarter valued at $1,852,000. Lastly, Advisors Asset Administration Inc. elevated its stake in Hershey by 18.9% within the third quarter. Advisors Asset Administration Inc. now owns 28,085 shares of the corporate’s inventory valued at $5,386,000 after shopping for an extra 4,464 shares throughout the interval. Institutional traders and hedge funds personal 57.96% of the corporate’s inventory.
Analyst Upgrades and Downgrades
HSY has been the topic of a number of latest analyst studies. Royal Financial institution of Canada decreased their goal worth on shares of Hershey from $205.00 to $183.00 and set a “sector carry out” ranking for the corporate in a analysis word on Friday, November eighth. Redburn Atlantic began protection on shares of Hershey in a analysis report on Tuesday, October twenty second. They issued a “promote” ranking and a $165.00 worth goal for the corporate. Piper Sandler boosted their goal worth on Hershey from $165.00 to $168.00 and gave the inventory a “impartial” ranking in a analysis report on Friday, November eighth. Sanford C. Bernstein minimize Hershey from an “outperform” ranking to a “market carry out” ranking and decreased their worth goal for the corporate from $230.00 to $205.00 in a report on Monday, October seventh. Lastly, Financial institution of America decreased their worth goal on Hershey from $200.00 to $195.00 and set a “impartial” ranking on the inventory in a analysis word on Tuesday, October fifteenth. 5 analysis analysts have rated the inventory with a promote ranking and fourteen have issued a maintain ranking to the inventory. Based on information from MarketBeat, the inventory presently has a consensus ranking of “Maintain” and a consensus goal worth of $189.33.
Learn Our Newest Report on HSY
Hershey Inventory Up 0.4 %
Shares of NYSE HSY opened at $175.49 on Tuesday. The corporate has a debt-to-equity ratio of 0.76, a present ratio of 0.85 and a fast ratio of 0.54. The Hershey Firm has a 12-month low of $168.16 and a 12-month excessive of $211.92. The corporate has a market capitalization of $35.51 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 4.19 and a beta of 0.38. The agency’s 50-day shifting common is $184.00 and its two-hundred day shifting common is $190.73.
Hershey Declares Dividend
The enterprise additionally just lately declared a quarterly dividend, which might be paid on Monday, December sixteenth. Stockholders of report on Monday, November 18th might be issued a $1.37 dividend. The ex-dividend date is Monday, November 18th. This represents a $5.48 dividend on an annualized foundation and a dividend yield of three.12%. Hershey’s dividend payout ratio (DPR) is 63.13%.
Hershey Firm Profile
The Hershey Firm, along with its subsidiaries, engages within the manufacture and sale of confectionery merchandise and pantry gadgets in the US and internationally. The corporate operates by way of three segments: North America Confectionery, North America Salty Snacks, and Worldwide. It gives chocolate and non-chocolate confectionery merchandise; gum and mint refreshment merchandise, together with mints, chewing gums, and bubble gums; protein bars; pantry gadgets, comparable to baking substances, toppings, drinks, and sundae syrups; and snack gadgets comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.
See Additionally
Need to see what different hedge funds are holding HSY? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for The Hershey Firm (NYSE:HSY – Free Report).
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