The Hershey Company (NYSE:HSY) Shares Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd raised its stake in shares of The Hershey Company (NYSE:HSY) by 86.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,233 shares of the company’s stock after purchasing an additional 3,352 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Hershey were worth $1,387,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. GHP Investment Advisors Inc. grew its stake in shares of Hershey by 55.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 155 shares of the company’s stock valued at $28,000 after buying an additional 55 shares during the period. Burns J W & Co. Inc. NY grew its position in Hershey by 0.8% during the third quarter. Burns J W & Co. Inc. NY now owns 7,355 shares of the company’s stock valued at $1,411,000 after acquiring an additional 58 shares during the period. Wesbanco Bank Inc. increased its stake in Hershey by 3.7% during the second quarter. Wesbanco Bank Inc. now owns 1,673 shares of the company’s stock worth $308,000 after acquiring an additional 59 shares during the last quarter. Brighton Jones LLC increased its stake in Hershey by 2.3% during the second quarter. Brighton Jones LLC now owns 2,631 shares of the company’s stock worth $484,000 after acquiring an additional 59 shares during the last quarter. Finally, Valley Brook Capital Group Inc. raised its holdings in shares of Hershey by 1.5% in the 2nd quarter. Valley Brook Capital Group Inc. now owns 4,067 shares of the company’s stock worth $748,000 after purchasing an additional 61 shares during the period. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on HSY shares. Barclays dropped their target price on shares of Hershey from $202.00 to $180.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Royal Bank of Canada dropped their price objective on shares of Hershey from $205.00 to $183.00 and set a “sector perform” rating for the company in a research report on Friday, November 8th. Stifel Nicolaus reduced their target price on shares of Hershey from $195.00 to $180.00 and set a “hold” rating on the stock in a report on Friday, October 25th. JPMorgan Chase & Co. lowered their price target on Hershey from $188.00 to $180.00 and set a “neutral” rating for the company in a report on Monday, October 14th. Finally, Jefferies Financial Group reduced their price objective on Hershey from $163.00 to $161.00 and set an “underperform” rating on the stock in a research note on Thursday, October 31st. Five investment analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $189.33.

Hershey Stock Down 1.3 %

Shares of NYSE:HSY opened at $173.29 on Wednesday. The Hershey Company has a 1-year low of $168.16 and a 1-year high of $211.92. The company’s fifty day moving average is $183.48 and its two-hundred day moving average is $190.51. 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 has a market capitalization of $35.07 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 4.19 and a beta of 0.38.

Hershey Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, November 18th will be issued a $1.37 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $5.48 dividend on an annualized basis and a yield of 3.16%. Hershey’s dividend payout ratio is currently 63.13%.

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.