Marshall Financial Group LLC Acquires 83 Shares of The Hershey Company (NYSE:HSY)

by · The Cerbat Gem

Marshall Financial Group LLC boosted its stake in shares of The Hershey Company (NYSE:HSY – Free Report) by 1.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,916 shares of the company’s stock after acquiring an additional 83 shares during the quarter. Marshall Financial Group LLC’s holdings in Hershey were worth $943,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC grew its stake in shares of Hershey by 218.2% during the second quarter. Capital Advisors Ltd. LLC now owns 140 shares of the company’s stock valued at $26,000 after purchasing an additional 96 shares during the last quarter. Riverview Trust Co acquired a new stake in shares of Hershey in the 1st quarter valued at $29,000. GHP Investment Advisors Inc. raised its position in shares of Hershey by 55.0% during the second quarter. GHP Investment Advisors Inc. now owns 155 shares of the company’s stock worth $28,000 after acquiring an additional 55 shares during the last quarter. OFI Invest Asset Management acquired a new position in shares of Hershey during the second quarter valued at $29,000. Finally, Crewe Advisors LLC bought a new position in Hershey in the first quarter valued at about $35,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HSY. Deutsche Bank Aktiengesellschaft boosted their price objective on Hershey from $191.00 to $199.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Sanford C. Bernstein downgraded shares of Hershey from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $230.00 to $205.00 in a research note on Monday, October 7th. Argus cut shares of Hershey from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th. JPMorgan Chase & Co. dropped their target price on shares of Hershey from $188.00 to $180.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Royal Bank of Canada reduced their price target on Hershey from $209.00 to $205.00 and set a “sector perform” rating on the stock in a research report on Friday, August 2nd. Four analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Hershey currently has a consensus rating of “Hold” and an average price target of $195.00.

Read Our Latest Stock Report on HSY

Hershey Stock Performance

Shares of Hershey stock opened at $183.90 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.48. The firm has a market cap of $37.19 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 5.44 and a beta of 0.37. The stock’s 50-day moving average is $194.32 and its 200-day moving average is $193.26. The Hershey Company has a one year low of $178.82 and a one year high of $211.92.

Hershey (NYSE:HSY – Get Free Report) last released its earnings results on Thursday, August 1st. The company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.17). The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.30 billion. Hershey had a net margin of 16.76% and a return on equity of 45.36%. The company’s revenue was down 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.01 EPS. Equities analysts predict that The Hershey Company will post 9.47 earnings per share for the current fiscal year.

Hershey Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 16th were given a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend was Friday, August 16th. Hershey’s dividend payout ratio (DPR) is currently 54.31%.

Insider Buying and Selling at Hershey

In other news, CAO Jennifer Mccalman sold 538 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $199.17, for a total transaction of $107,153.46. Following the completion of the transaction, the chief accounting officer now directly owns 3,238 shares in the company, valued at $644,912.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Hershey news, CFO Steven E. Voskuil sold 1,500 shares of the stock in a transaction 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 $6,531,729.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jennifer Mccalman sold 538 shares of the business’s stock in a transaction dated 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 $644,912.46. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.

About Hershey

(Free Report)

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.

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