Coldstream Capital Management Inc. Increases Stock Holdings in The Hershey Company (NYSE:HSY)

Coldstream Capital Management Inc. lifted its holdings in shares of The Hershey Company (NYSE:HSY) by 11.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,466 shares of the company’s stock after purchasing an additional 252 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Hershey were worth $470,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new position in shares of Hershey in the third quarter worth $25,000. Capital Advisors Ltd. LLC boosted its holdings in Hershey by 218.2% in 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. 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 purchasing an additional 55 shares in the last quarter. OFI Invest Asset Management purchased a new stake in Hershey during the 2nd quarter worth about $29,000. Finally, Gradient Investments LLC raised its position in Hershey by 71.9% in the 2nd quarter. Gradient Investments LLC now owns 251 shares of the company’s stock valued at $46,000 after purchasing an additional 105 shares in the last quarter. 57.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Redburn Atlantic began coverage on shares of Hershey in a research note on Tuesday, October 22nd. They issued a “sell” rating and a $165.00 price objective on the stock. JPMorgan Chase & Co. dropped their price target on Hershey from $188.00 to $180.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. Jefferies Financial Group decreased their price objective on Hershey from $163.00 to $161.00 and set an “underperform” rating for the company in a research report on Thursday, October 31st. 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. Finally, Mizuho cut their price target on Hershey from $200.00 to $180.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. Six analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $185.17.

Hershey Price Performance

Shares of NYSE:HSY opened at $183.10 on Friday. The firm has a market capitalization of $37.05 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 4.24 and a beta of 0.37. 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 business’s 50 day simple moving average is $179.93 and its 200-day simple moving average is $188.34. The Hershey Company has a 12 month low of $168.16 and a 12 month high of $211.92.

Hershey Dividend Announcement

The company 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. This represents a $5.48 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Monday, November 18th. Hershey’s dividend payout ratio (DPR) is 63.13%.

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.