Outlook Wealth Advisors LLC Purchases 419 Shares of The Hershey Company (NYSE:HSY)

Outlook Wealth Advisors LLC boosted its holdings in shares of The Hershey Company (NYSE:HSY) by 22.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,296 shares of the company’s stock after acquiring an additional 419 shares during the period. Outlook Wealth Advisors LLC’s holdings in Hershey were worth $389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in HSY. Federated Hermes Inc. increased its holdings in Hershey by 2.1% during the second quarter. Federated Hermes Inc. now owns 34,942 shares of the company’s stock valued at $6,423,000 after buying an additional 709 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of Hershey by 1.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,320 shares of the company’s stock valued at $2,081,000 after acquiring an additional 201 shares during the period. Brown Brothers Harriman & Co. increased its holdings in shares of Hershey by 10.4% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 647 shares of the company’s stock valued at $119,000 after acquiring an additional 61 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in shares of Hershey during the 2nd quarter worth $82,123,000. Finally, Dimensional Fund Advisors LP boosted its position in Hershey by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 787,377 shares of the company’s stock valued at $144,743,000 after purchasing an additional 25,780 shares in the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on HSY shares. Redburn Atlantic assumed coverage on shares of Hershey in a report on Tuesday, October 22nd. They issued a “sell” rating and a $165.00 target price for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $183.00 price objective on shares of Hershey in a research note on Tuesday, December 10th. Stifel Nicolaus lowered 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. Piper Sandler lifted their price target on shares of Hershey from $165.00 to $168.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Citigroup decreased their price objective on Hershey from $165.00 to $159.00 and set a “sell” rating for the company in a report on Wednesday, January 8th. Six investment analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company. According to data from MarketBeat.com, Hershey has an average rating of “Hold” and a consensus target price of $182.21.

Hershey Stock Down 2.3 %

NYSE:HSY opened at $151.75 on Thursday. 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 $173.19 and its 200-day moving average price is $185.04. The Hershey Company has a 1-year low of $150.31 and a 1-year high of $211.92. The firm has a market capitalization of $30.71 billion, a P/E ratio of 17.48, a PEG ratio of 4.31 and a beta of 0.38.

Hershey Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, November 18th were given a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a yield of 3.61%. The ex-dividend date 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.