Alliance Wealth Advisors LLC UT Has $2.51 Million Stake in The Hershey Company (NYSE:HSY)

Alliance Wealth Advisors LLC UT increased its position in shares of The Hershey Company (NYSE:HSY) by 3.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 14,830 shares of the company’s stock after purchasing an additional 435 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Hershey were worth $2,511,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in Hershey by 30,461.7% during the third quarter. International Assets Investment Management LLC now owns 573,643 shares of the company’s stock worth $1,100,130,000 after buying an additional 571,766 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Hershey by 66.7% in the third quarter. Principal Financial Group Inc. now owns 972,836 shares of the company’s stock worth $186,571,000 after buying an additional 389,404 shares in the last quarter. State Street Corp boosted its holdings in Hershey by 5.8% in the 3rd quarter. State Street Corp now owns 7,029,551 shares of the company’s stock valued at $1,348,127,000 after purchasing an additional 386,670 shares during the period. Massachusetts Financial Services Co. MA grew its position in Hershey by 31.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 586,565 shares of the company’s stock worth $112,491,000 after buying an additional 139,831 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Hershey by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,387,715 shares of the company’s stock worth $841,476,000 after purchasing an additional 109,336 shares in the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.

Hershey Stock Down 1.1 %

Shares of HSY stock opened at $147.67 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.85 and a quick ratio of 0.54. The company’s fifty day moving average price is $166.93 and its 200-day moving average price is $181.87. The company has a market capitalization of $29.88 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 4.30 and a beta of 0.38. The Hershey Company has a one year low of $146.48 and a one year high of $211.92.

Hershey Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, November 18th were paid a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a yield of 3.71%. The ex-dividend date was Monday, November 18th. Hershey’s dividend payout ratio (DPR) is presently 63.13%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Citigroup decreased their price objective on Hershey from $165.00 to $159.00 and set a “sell” rating on the stock in a report on Wednesday, January 8th. Piper Sandler cut shares of Hershey from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $153.00 to $120.00 in a report on Friday. Jefferies Financial Group dropped their target price on Hershey from $150.00 to $134.00 and set an “underperform” rating on the stock in a report on Tuesday, January 21st. Mizuho cut their price target on shares of Hershey from $195.00 to $170.00 and set a “neutral” rating on the stock in a report on Monday, December 23rd. Finally, Barclays decreased their target price on Hershey from $180.00 to $170.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Seven research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. According to data from MarketBeat.com, Hershey currently has a consensus rating of “Hold” and a consensus target price of $169.79.

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.