Court Place Advisors LLC Makes New $244,000 Investment in The Hershey Company (NYSE:HSY)

Court Place Advisors LLC bought a new stake in The Hershey Company (NYSE:HSY) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,443 shares of the company’s stock, valued at approximately $244,000.

Other large investors have also modified their holdings of the company. Burns J W & Co. Inc. NY increased its stake in Hershey by 0.8% in the 3rd quarter. Burns J W & Co. Inc. NY now owns 7,355 shares of the company’s stock valued at $1,411,000 after buying an additional 58 shares during the period. Park Avenue Securities LLC increased its stake in shares of Hershey by 1.1% during the third quarter. Park Avenue Securities LLC now owns 5,646 shares of the company’s stock worth $1,083,000 after acquiring an additional 62 shares during the period. Salomon & Ludwin LLC raised its holdings in Hershey by 23.3% during the third quarter. Salomon & Ludwin LLC now owns 333 shares of the company’s stock worth $64,000 after purchasing an additional 63 shares in the last quarter. Forum Financial Management LP lifted its position in Hershey by 1.6% in the third quarter. Forum Financial Management LP now owns 4,130 shares of the company’s stock valued at $792,000 after purchasing an additional 64 shares during the period. Finally, Avestar Capital LLC boosted its holdings in Hershey by 6.0% in the 3rd quarter. Avestar Capital LLC now owns 1,175 shares of the company’s stock valued at $225,000 after purchasing an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Hershey Stock Up 1.7 %

HSY opened at $153.33 on Tuesday. The firm has a market cap of $31.03 billion, a P/E ratio of 17.66, a PEG ratio of 4.28 and a beta of 0.38. The business’s fifty day simple moving average is $169.13 and its 200 day simple moving average is $183.24. The Hershey Company has a 52 week low of $147.60 and a 52 week high of $211.92. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.76.

Hershey Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, November 18th were paid a dividend of $1.37 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $5.48 annualized dividend and a dividend yield of 3.57%. Hershey’s dividend payout ratio is currently 63.13%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Wells Fargo & Company decreased their price target on Hershey from $150.00 to $140.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Bank of America reissued a “neutral” rating and issued a $180.00 target price on shares of Hershey in a report on Thursday, December 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $183.00 price target on shares of Hershey in a research note on Tuesday, December 10th. Mizuho cut their price target on shares of Hershey from $195.00 to $170.00 and set a “neutral” rating for the company in a report on Monday, December 23rd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Hershey from $184.00 to $148.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Six research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $171.79.

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.