CreativeOne Wealth LLC Increases Holdings in The Hershey Company (NYSE:HSY)

CreativeOne Wealth LLC lifted its position in shares of The Hershey Company (NYSE:HSY) by 31.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 8,310 shares of the company’s stock after buying an additional 1,966 shares during the period. CreativeOne Wealth LLC’s holdings in Hershey were worth $1,594,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Blueshift Asset Management LLC purchased a new stake in shares of Hershey during the 3rd quarter worth approximately $543,000. Freedom Investment Management Inc. boosted its stake in shares of Hershey by 2.8% during the 3rd quarter. Freedom Investment Management Inc. now owns 4,275 shares of the company’s stock worth $820,000 after acquiring an additional 117 shares in the last quarter. Townsquare Capital LLC boosted its stake in shares of Hershey by 8.5% during the 3rd quarter. Townsquare Capital LLC now owns 37,250 shares of the company’s stock worth $7,144,000 after acquiring an additional 2,913 shares in the last quarter. Transamerica Financial Advisors Inc. boosted its stake in shares of Hershey by 91.8% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 959 shares of the company’s stock worth $184,000 after acquiring an additional 459 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Hershey by 29.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 227,715 shares of the company’s stock worth $43,671,000 after acquiring an additional 51,271 shares in the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Citigroup lowered Hershey from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $195.00 to $182.00 in a research note on Tuesday, August 27th. UBS Group lowered Hershey from a “buy” rating to a “neutral” rating and reduced their target price for the company from $226.00 to $209.00 in a research note on Monday, October 7th. Piper Sandler upped their target price on Hershey from $165.00 to $168.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft upped their target price on Hershey from $191.00 to $199.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Finally, The Goldman Sachs Group started coverage on Hershey in a research note on Monday, August 12th. They issued a “sell” rating and a $185.00 target price on the stock. Five analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $189.33.

Hershey Trading Up 0.5 %

HSY stock opened at $174.09 on Friday. The company has a market cap of $35.23 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 4.21 and a beta of 0.38. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.76. The business has a fifty day simple moving average of $182.58 and a 200-day simple moving average of $190.28. The Hershey Company has a 52 week low of $168.16 and a 52 week high of $211.92.

Hershey Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, November 18th will be issued a dividend of $1.37 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 3.15%. Hershey’s payout ratio is 63.13%.

Hershey Company 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.