KG&L Capital Management LLC Sells 339 Shares of The Hershey Company (NYSE:HSY)

KG&L Capital Management LLC lessened its stake in shares of The Hershey Company (NYSE:HSY) by 13.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,205 shares of the company’s stock after selling 339 shares during the period. KG&L Capital Management LLC’s holdings in Hershey were worth $373,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in Hershey during the third quarter worth $25,000. Grove Bank & Trust lifted its position in Hershey by 248.0% during the fourth quarter. Grove Bank & Trust now owns 174 shares of the company’s stock worth $29,000 after acquiring an additional 124 shares during the last quarter. Peterson Financial Group Inc. bought a new stake in Hershey in the 3rd quarter valued at $46,000. Future Financial Wealth Managment LLC bought a new stake in shares of Hershey in the third quarter valued at about $48,000. Finally, ST Germain D J Co. Inc. grew its position in shares of Hershey by 61.7% during the 4th quarter. ST Germain D J Co. Inc. now owns 262 shares of the company’s stock worth $44,000 after purchasing an additional 100 shares in the last quarter. 57.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Sanford C. Bernstein downgraded shares of Hershey from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $230.00 to $205.00 in a research report on Monday, October 7th. UBS Group dropped their price objective on Hershey from $189.00 to $163.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Stifel Nicolaus reduced their target price on Hershey from $180.00 to $170.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Jefferies Financial Group cut their price objective on shares of Hershey from $150.00 to $134.00 and set an “underperform” rating for the company in a research report on Tuesday, January 21st. Finally, Bank of America reaffirmed a “neutral” rating and set a $180.00 price target on shares of Hershey in a report on Thursday, December 12th. Seven research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $170.05.

Hershey Price Performance

Shares of HSY opened at $149.19 on Friday. 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 stock has a market cap of $30.19 billion, a PE ratio of 17.19, a PEG ratio of 4.28 and a beta of 0.38. The Hershey Company has a 12-month low of $147.60 and a 12-month high of $211.92. The business has a 50-day simple moving average of $166.93 and a two-hundred day simple moving average of $182.01.

Hershey Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, November 18th were issued a $1.37 dividend. The ex-dividend date was Monday, November 18th. This represents a $5.48 dividend on an annualized basis and a yield of 3.67%. Hershey’s dividend payout ratio (DPR) is presently 63.13%.

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.