Verdence Capital Advisors LLC lifted its stake in The Hershey Firm (NYSE:HSY – Free Report) by 2.4% in the course of the third quarter, in line with its most up-to-date disclosure with the Securities & Trade Fee. The fund owned 4,316 shares of the corporate’s inventory after shopping for a further 100 shares in the course of the quarter. Verdence Capital Advisors LLC’s holdings in Hershey have been value $828,000 as of its most up-to-date SEC submitting.
Different hedge funds and different institutional traders have additionally just lately purchased and offered shares of the corporate. Capital Advisors Ltd. LLC elevated its holdings in Hershey by 218.2% within the second quarter. Capital Advisors Ltd. LLC now owns 140 shares of the corporate’s inventory valued at $26,000 after shopping for a further 96 shares within the final quarter. GHP Funding Advisors Inc. boosted its stake in shares of Hershey by 55.0% in the course of the 2nd quarter. GHP Funding Advisors Inc. now owns 155 shares of the corporate’s inventory value $28,000 after buying a further 55 shares within the final quarter. OFI Make investments Asset Administration acquired a brand new stake in shares of Hershey in the course of the 2nd quarter valued at about $29,000. Crewe Advisors LLC bought a brand new place in shares of Hershey within the 1st quarter valued at about $35,000. Lastly, Future Monetary Wealth Managment LLC acquired a brand new place in Hershey within the third quarter value about $48,000. 57.96% of the inventory is owned by institutional traders and hedge funds.
Hershey Worth Efficiency
NYSE:HSY opened at $175.67 on Monday. The Hershey Firm has a one 12 months low of $171.67 and a one 12 months excessive of $211.92. The inventory has a market cap of $35.54 billion, a PE ratio of 20.24, a P/E/G ratio of 4.22 and a beta of 0.38. The corporate has a debt-to-equity ratio of 0.76, a fast ratio of 0.48 and a present ratio of 0.85. The inventory has a 50 day transferring common worth of $189.17 and a 200 day transferring common worth of $192.17.
Hershey (NYSE:HSY – Get Free Report) final issued its earnings outcomes on Thursday, November seventh. The corporate reported $2.34 earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of $2.50 by ($0.16). Hershey had a return on fairness of 43.24% and a internet margin of 16.17%. The corporate had income of $2.99 billion in the course of the quarter, in comparison with analyst estimates of $3.07 billion. Equities analysis analysts anticipate that The Hershey Firm will publish 9.12 EPS for the present fiscal 12 months.
Hershey Proclaims Dividend
The corporate additionally just lately introduced a quarterly dividend, which can be paid on Monday, December sixteenth. Shareholders of document on Monday, November 18th can be paid a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized foundation and a yield of three.12%. The ex-dividend date is Monday, November 18th. Hershey’s dividend payout ratio (DPR) is presently 63.13%.
Wall Avenue Analysts Forecast Progress
HSY has been the subject of a number of analysis analyst reviews. Piper Sandler raised their worth goal on Hershey from $165.00 to $168.00 and gave the corporate a “impartial” score in a report on Friday. Barclays minimize their worth goal on shares of Hershey from $204.00 to $202.00 and set an “equal weight” score for the corporate in a report on Tuesday, September twenty fourth. Royal Financial institution of Canada decreased their worth goal on shares of Hershey from $205.00 to $183.00 and set a “sector carry out” score on the inventory in a report on Friday. Citigroup minimize shares of Hershey from a “impartial” score to a “promote” score and minimize their goal worth for the inventory from $195.00 to $182.00 in a analysis word on Tuesday, August twenty seventh. Lastly, UBS Group lowered shares of Hershey from a “purchase” score to a “impartial” score and decreased their worth goal for the corporate from $226.00 to $209.00 in a analysis word on Monday, October seventh. 5 analysis analysts have rated the inventory with a promote score and fourteen have assigned a maintain score to the corporate’s inventory. In response to knowledge from MarketBeat, Hershey presently has a consensus score of “Maintain” and a consensus worth goal of $190.56.
View Our Newest Analysis Report on HSY
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 provides chocolate and non-chocolate confectionery merchandise; gum and mint refreshment merchandise, together with mints, chewing gums, and bubble gums; protein bars; pantry gadgets, resembling baking elements, toppings, drinks, and sundae syrups; and snack gadgets comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.
Additional Studying
Wish 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).
Obtain Information & Rankings for Hershey Every day – Enter your e mail tackle under to obtain a concise every day abstract of the most recent information and analysts’ scores for Hershey and associated corporations with MarketBeat.com’s FREE every day e mail publication.
