1,527 Shares in The Hershey Company (NYSE:HSY) Bought by Radnor Capital Management LLC

Radnor Capital Management LLC bought a new position in shares of The Hershey Company (NYSE:HSY) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 1,527 shares of the company’s stock, valued at approximately $293,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HSY. Capital Advisors Ltd. LLC grew its stake in Hershey by 218.2% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 140 shares of the company’s stock worth $26,000 after buying an additional 96 shares during the last quarter. GHP Investment Advisors Inc. grew its stake 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. OFI Invest Asset Management purchased a new position in Hershey during the 2nd quarter worth $29,000. Crewe Advisors LLC purchased a new position in Hershey during the 1st quarter worth $35,000. Finally, Gradient Investments LLC grew its stake in Hershey by 71.9% during the 2nd quarter. Gradient Investments LLC now owns 251 shares of the company’s stock worth $46,000 after buying an additional 105 shares during the last quarter. 57.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Jennifer Mccalman sold 538 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $199.17, for a total value of $107,153.46. Following the completion of the transaction, the chief accounting officer now owns 3,238 shares of the company’s stock, valued at approximately $644,912.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HSY has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on Hershey from $191.00 to $199.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Redburn Atlantic initiated coverage on Hershey in a research note on Tuesday, October 22nd. They set a “sell” rating and a $165.00 price target on the stock. Barclays dropped their price target on Hershey from $204.00 to $202.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 24th. Jefferies Financial Group dropped their price target on Hershey from $163.00 to $161.00 and set an “underperform” rating on the stock in a research note on Thursday, October 31st. Finally, Royal Bank of Canada dropped their price target on Hershey from $209.00 to $205.00 and set a “sector perform” rating on the stock in a research note on Friday, August 2nd. Five research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $191.61.

Hershey Stock Performance

NYSE HSY opened at $172.89 on Friday. The stock has a market capitalization of $34.97 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 4.14 and a beta of 0.38. The Hershey Company has a twelve month low of $171.67 and a twelve month high of $211.92. The company has a current ratio of 0.86, a quick ratio of 0.48 and a debt-to-equity ratio of 0.87. The stock has a 50-day moving average of $189.89 and a 200 day moving average of $192.34.

Hershey Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, November 18th will be issued a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a yield of 3.17%. Hershey’s payout ratio is 60.89%.

Hershey 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.