Corient Private Wealth LLC Has $6.47 Million Stock Holdings in The Hershey Company (NYSE:HSY)

Corient Private Wealth LLC decreased its holdings in The Hershey Company (NYSE:HSY) by 12.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 38,211 shares of the company’s stock after selling 5,284 shares during the period. Corient Private Wealth LLC’s holdings in Hershey were worth $6,471,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Avestar Capital LLC grew its position in Hershey by 6.0% in the third quarter. Avestar Capital LLC now owns 1,175 shares of the company’s stock valued at $225,000 after acquiring an additional 67 shares during the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of Hershey by 1.0% during the 3rd quarter. Kingsview Wealth Management LLC now owns 8,151 shares of the company’s stock valued at $1,563,000 after purchasing an additional 80 shares during the last quarter. Private Trust Co. NA increased its position in Hershey by 1.5% during the 4th quarter. Private Trust Co. NA now owns 5,438 shares of the company’s stock worth $921,000 after purchasing an additional 81 shares in the last quarter. Waterfront Wealth Inc. lifted its stake in Hershey by 1.4% in the 4th quarter. Waterfront Wealth Inc. now owns 5,744 shares of the company’s stock valued at $973,000 after purchasing an additional 82 shares during the last quarter. Finally, Advisory Alpha LLC boosted its position in Hershey by 3.2% in the fourth quarter. Advisory Alpha LLC now owns 2,988 shares of the company’s stock valued at $506,000 after buying an additional 94 shares in the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.

Insider Activity at Hershey

In other Hershey news, CAO Jennifer Mccalman sold 278 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $148.00, for a total value of $41,144.00. Following the completion of the sale, the chief accounting officer now owns 2,682 shares of the company’s stock, valued at approximately $396,936. This trade represents a 9.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

Hershey Trading Down 1.8 %

Shares of HSY stock opened at $164.33 on Friday. The Hershey Company has a fifty-two week low of $140.13 and a fifty-two week high of $211.92. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.64 and a current ratio of 0.96. The stock has a 50 day simple moving average of $162.43 and a two-hundred day simple moving average of $175.30. The company has a market cap of $33.26 billion, a P/E ratio of 15.08, a PEG ratio of 5.90 and a beta of 0.32.

Hershey (NYSE:HSY) last released its quarterly earnings data on Thursday, February 6th. The company reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.29. Hershey had a net margin of 19.83% and a return on equity of 44.77%. Research analysts forecast that The Hershey Company will post 6.12 earnings per share for the current year.

Hershey Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 17th were paid a $1.37 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $5.48 annualized dividend and a dividend yield of 3.33%. Hershey’s dividend payout ratio is presently 50.28%.

Wall Street Analysts Forecast Growth

HSY has been the subject of a number of research reports. DA Davidson dropped their price target on Hershey from $164.00 to $149.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Piper Sandler downgraded 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 research report on Friday, January 31st. JPMorgan Chase & Co. lowered their price objective on Hershey from $171.00 to $151.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. TD Cowen dropped their price objective on shares of Hershey from $190.00 to $172.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Finally, Wells Fargo & Company boosted their target price on shares of Hershey from $125.00 to $132.00 and gave the stock an “underweight” rating in a report on Friday, March 14th. Five investment analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $163.75.

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.