Arthur M. Cohen & Associates LLC Sells 2,650 Shares of The Hershey Company (NYSE:HSY)

Arthur M. Cohen & Associates LLC lessened its position in The Hershey Company (NYSE:HSY) by 29.6% in the 3rd quarter, Holdings Channel reports. The firm owned 6,292 shares of the company’s stock after selling 2,650 shares during the period. Arthur M. Cohen & Associates LLC’s holdings in Hershey were worth $1,207,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. LPL Financial LLC increased its position in shares of Hershey by 10.0% in the 2nd quarter. LPL Financial LLC now owns 320,680 shares of the company’s stock valued at $58,951,000 after buying an additional 29,246 shares in the last quarter. CreativeOne Wealth LLC raised its position in shares of Hershey by 179.4% during the first quarter. CreativeOne Wealth LLC now owns 6,958 shares of the company’s stock worth $1,353,000 after purchasing an additional 4,468 shares during the period. SG Americas Securities LLC grew its position in shares of Hershey by 239.2% in the 1st quarter. SG Americas Securities LLC now owns 22,035 shares of the company’s stock valued at $4,286,000 after purchasing an additional 15,538 shares during the period. Sei Investments Co. grew its position in shares of Hershey by 2.2% in the 1st quarter. Sei Investments Co. now owns 54,540 shares of the company’s stock valued at $10,608,000 after purchasing an additional 1,168 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in shares of Hershey by 20.1% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 15,716 shares of the company’s stock valued at $2,986,000 after purchasing an additional 2,635 shares during the period. 57.96% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Jennifer Mccalman sold 538 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 3,238 shares of the company’s stock, valued at $644,912.46. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

HSY has been the topic of a number of research reports. Redburn Atlantic initiated coverage on shares of Hershey in a research note on Tuesday, October 22nd. They issued a “sell” rating and a $165.00 price target on the stock. Stifel Nicolaus reduced their target price on shares of Hershey from $195.00 to $180.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Jefferies Financial Group lowered their target price on Hershey from $163.00 to $161.00 and set an “underperform” rating for the company in a report on Thursday, October 31st. The Goldman Sachs Group assumed coverage on Hershey in a report on Monday, August 12th. They issued a “sell” rating and a $185.00 price target on the stock. Finally, Barclays reduced their price objective on Hershey from $204.00 to $202.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 24th. Five investment analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the stock. According to data from MarketBeat.com, Hershey currently has a consensus rating of “Hold” and an average target price of $191.61.

Hershey Stock Down 0.1 %

Shares of HSY stock opened at $179.00 on Tuesday. The Hershey Company has a 52-week low of $176.78 and a 52-week high of $211.92. The stock has a market cap of $36.21 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 4.13 and a beta of 0.38. The firm’s 50-day moving average is $190.41 and its 200-day moving average is $192.49. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.48 and a current ratio of 0.86.

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.