The Hershey Company (NYSE:HSY) Shares Bought by UMB Bank n.a.

UMB Bank n.a. boosted its position in The Hershey Company (NYSE:HSY) by 5.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 15,212 shares of the company’s stock after acquiring an additional 822 shares during the period. UMB Bank n.a.’s holdings in Hershey were worth $2,917,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Raleigh Capital Management Inc. boosted its holdings in Hershey by 20.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 316 shares of the company’s stock worth $59,000 after purchasing an additional 54 shares during the period. GHP Investment Advisors Inc. boosted its holdings in shares of Hershey by 55.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 155 shares of the company’s stock valued at $28,000 after buying an additional 55 shares during the period. Sound Income Strategies LLC grew its position in shares of Hershey by 13.3% during the 1st quarter. Sound Income Strategies LLC now owns 486 shares of the company’s stock valued at $95,000 after buying an additional 57 shares during the last quarter. Burns J W & Co. Inc. NY raised its stake in Hershey by 0.8% during the third quarter. Burns J W & Co. Inc. NY now owns 7,355 shares of the company’s stock worth $1,411,000 after acquiring an additional 58 shares during the period. Finally, Wesbanco Bank Inc. lifted its holdings in Hershey by 3.7% in the second quarter. Wesbanco Bank Inc. now owns 1,673 shares of the company’s stock worth $308,000 after acquiring an additional 59 shares during the last quarter. 57.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HSY shares. Sanford C. Bernstein lowered Hershey from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $230.00 to $205.00 in a report on Monday. The Goldman Sachs Group assumed coverage on Hershey in a research report on Monday, August 12th. They issued a “sell” rating and a $185.00 target price on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Hershey from $191.00 to $199.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Royal Bank of Canada dropped their price objective on shares of Hershey from $209.00 to $205.00 and set a “sector perform” rating on the stock in a report on Friday, August 2nd. Finally, Piper Sandler reissued a “neutral” rating and set a $179.00 target price on shares of Hershey in a research note on Friday, June 21st. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company. According to MarketBeat, Hershey has a consensus rating of “Hold” and a consensus price target of $197.90.

Insider Activity

In related news, CAO Jennifer Mccalman sold 538 shares of Hershey stock in a transaction on Monday, August 12th. The stock was sold at an average price of $199.17, for a total value of $107,153.46. Following the transaction, the chief accounting officer now directly owns 3,238 shares in the company, valued at $644,912.46. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Steven E. Voskuil sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $190.83, for a total value of $286,245.00. Following the completion of the sale, the chief financial officer now owns 34,228 shares in the company, valued at approximately $6,531,729.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jennifer Mccalman sold 538 shares of Hershey stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $199.17, for a total transaction of $107,153.46. Following the transaction, the chief accounting officer now owns 3,238 shares in the company, valued at approximately $644,912.46. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.

Hershey Stock Performance

Shares of NYSE HSY opened at $187.59 on Friday. The Hershey Company has a 1 year low of $178.82 and a 1 year high of $211.92. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.48 and a current ratio of 0.86. The stock has a fifty day moving average price of $195.98 and a two-hundred day moving average price of $193.59. The firm has a market cap of $37.95 billion, a P/E ratio of 20.84, a PEG ratio of 5.44 and a beta of 0.37.

Hershey (NYSE:HSY) last announced its quarterly earnings data on Thursday, August 1st. The company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.17). Hershey had a return on equity of 45.36% and a net margin of 16.76%. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period in the prior year, the firm earned $2.01 EPS. The business’s revenue for the quarter was down 16.7% on a year-over-year basis. Research analysts forecast that The Hershey Company will post 9.47 EPS for the current fiscal year.

Hershey Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 16th were issued a $1.37 dividend. The ex-dividend date was Friday, August 16th. This represents a $5.48 annualized dividend and a dividend yield of 2.92%. Hershey’s dividend payout ratio is currently 60.89%.

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.