Entropy Technologies LP Invests $1.24 Million in The Hershey Company (NYSE:HSY)

Entropy Technologies LP acquired a new stake in shares of The Hershey Company (NYSE:HSY) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 6,450 shares of the company’s stock, valued at approximately $1,237,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Ashton Thomas Securities LLC purchased a new position in shares of Hershey during the third quarter valued at about $25,000. Capital Advisors Ltd. LLC raised its position in Hershey by 218.2% during the second quarter. Capital Advisors Ltd. LLC now owns 140 shares of the company’s stock valued at $26,000 after purchasing an additional 96 shares during the period. GHP Investment Advisors Inc. lifted its position in Hershey by 55.0% in the second 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 bought a new stake in shares of Hershey in the 2nd quarter worth about $29,000. Finally, Crewe Advisors LLC bought a new stake in Hershey in the first quarter worth about $35,000. 57.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HSY has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on Hershey from $191.00 to $199.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Piper Sandler lifted their target price on Hershey from $165.00 to $168.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Stifel Nicolaus reduced their price target on Hershey from $195.00 to $180.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Redburn Atlantic began coverage on shares of Hershey in a report on Tuesday, October 22nd. They set a “sell” rating and a $165.00 price objective on the stock. Finally, Citigroup cut shares of Hershey from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $195.00 to $182.00 in a research note on Tuesday, August 27th. Five investment analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. According to MarketBeat, Hershey presently has an average rating of “Hold” and a consensus price target of $189.33.

Hershey Price Performance

HSY stock opened at $184.45 on Thursday. The business’s 50-day moving average is $188.56 and its two-hundred day moving average is $192.10. 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 Hershey Company has a 1 year low of $171.67 and a 1 year high of $211.92. The firm has a market capitalization of $37.31 billion, a P/E ratio of 21.25, a P/E/G ratio of 4.35 and a beta of 0.38.

Hershey Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, November 18th will be issued a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Monday, November 18th. Hershey’s dividend payout ratio (DPR) is presently 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.