KFG Wealth Management LLC Acquires 765 Shares of The Hershey Company (NYSE:HSY)

KFG Wealth Management LLC increased its holdings in shares of The Hershey Company (NYSE:HSY) by 21.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,357 shares of the company’s stock after purchasing an additional 765 shares during the period. KFG Wealth Management LLC’s holdings in Hershey were worth $738,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Piper Sandler lowered their price objective on Hershey from $168.00 to $153.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Hershey from $184.00 to $148.00 and set a “hold” rating on the stock in a report on Thursday. Barclays dropped their price objective on shares of Hershey from $180.00 to $170.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. UBS Group decreased their target price on shares of Hershey from $189.00 to $163.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Redburn Atlantic assumed coverage on shares of Hershey in a research report on Tuesday, October 22nd. They issued a “sell” rating and a $165.00 price target for the company. Six research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to data from MarketBeat.com, Hershey currently has a consensus rating of “Hold” and a consensus price target of $171.79.

Hershey Price Performance

Shares of HSY stock opened at $150.54 on Friday. The Hershey Company has a 52 week low of $147.60 and a 52 week high of $211.92. The stock has a market capitalization of $30.46 billion, a PE ratio of 17.34, a PEG ratio of 4.28 and a beta of 0.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.54 and a current ratio of 0.85. The stock’s fifty day moving average is $169.13 and its 200-day moving average is $183.26.

Hershey Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, November 18th were issued a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Monday, November 18th. Hershey’s dividend payout ratio is currently 63.13%.

About Hershey

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.