SYSTM Wealth Solutions LLC Increases Stake in The Hershey Company (NYSE:HSY)

SYSTM Wealth Solutions LLC lifted its stake in The Hershey Company (NYSE:HSY) by 4.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,322 shares of the company’s stock after purchasing an additional 1,478 shares during the quarter. Hershey comprises about 1.4% of SYSTM Wealth Solutions LLC’s portfolio, making the stock its 20th largest holding. SYSTM Wealth Solutions LLC’s holdings in Hershey were worth $6,126,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Raleigh Capital Management Inc. raised its position in shares of Hershey by 20.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 316 shares of the company’s stock valued at $59,000 after purchasing an additional 54 shares during the last quarter. GHP Investment Advisors Inc. raised its position in Hershey by 55.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 155 shares of the company’s stock worth $28,000 after buying an additional 55 shares during the last quarter. Sound Income Strategies LLC raised its position in Hershey by 13.3% during the 1st quarter. Sound Income Strategies LLC now owns 486 shares of the company’s stock worth $95,000 after buying an additional 57 shares during the last quarter. Wesbanco Bank Inc. raised its position in Hershey by 3.7% during the 2nd quarter. Wesbanco Bank Inc. now owns 1,673 shares of the company’s stock worth $308,000 after buying an additional 59 shares during the last quarter. Finally, Integrated Advisors Network LLC raised its position in Hershey by 3.5% during the 4th quarter. Integrated Advisors Network LLC now owns 1,794 shares of the company’s stock worth $334,000 after buying an additional 60 shares during the last quarter. 57.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hershey

In other Hershey news, CAO Jennifer Mccalman sold 538 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $199.17, for a total value of $107,153.46. Following the transaction, the chief accounting officer now owns 3,238 shares in the company, valued at approximately $644,912.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Steven E. Voskuil sold 1,500 shares of Hershey stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $190.83, for a total transaction of $286,245.00. Following the transaction, the chief financial officer now owns 34,228 shares in the company, valued at approximately $6,531,729.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Jennifer Mccalman sold 538 shares of Hershey stock in a transaction on Monday, August 12th. The stock was sold at an average price of $199.17, for a total value of $107,153.46. Following the transaction, the chief accounting officer now owns 3,238 shares in the company, valued at approximately $644,912.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,538 shares of company stock worth $667,793. Corporate insiders own 0.34% of the company’s stock.

Hershey Price Performance

Hershey stock opened at $199.28 on Wednesday. The company’s fifty day moving average price is $195.76 and its 200 day moving average price is $193.91. The Hershey Company has a 1 year low of $178.82 and a 1 year high of $213.72. The stock has a market capitalization of $40.30 billion, a P/E ratio of 19.75, a P/E/G ratio of 5.77 and a beta of 0.37. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.48 and a current ratio of 0.86.

Hershey (NYSE:HSY) last announced its quarterly earnings data on Thursday, August 1st. The company reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.17). The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Hershey had a net margin of 16.76% and a return on equity of 45.36%. The company’s revenue for the quarter was down 16.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.01 EPS. As a group, equities research analysts anticipate that The Hershey Company will post 9.5 earnings per share for the current fiscal year.

Hershey Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 16th were issued a $1.37 dividend. The ex-dividend date was Friday, August 16th. This represents a $5.48 dividend on an annualized basis and a yield of 2.75%. Hershey’s payout ratio is currently 54.31%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HSY shares. Royal Bank of Canada reduced their price target on shares of Hershey from $209.00 to $205.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd. Argus lowered shares of Hershey from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Bank of America reduced their price target on shares of Hershey from $210.00 to $200.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. The Goldman Sachs Group began coverage on shares of Hershey in a research note on Monday, August 12th. They set a “sell” rating and a $185.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Hershey from $191.00 to $199.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $203.21.

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.