Bridge Creek Capital Management LLC Purchases 475 Shares of The Hershey Company (NYSE:HSY)

Bridge Creek Capital Management LLC increased its position in The Hershey Company (NYSE:HSY) by 15.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,490 shares of the company’s stock after purchasing an additional 475 shares during the quarter. Bridge Creek Capital Management LLC’s holdings in Hershey were worth $591,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of Hershey during the third quarter valued at $25,000. GHP Investment Advisors Inc. lifted its stake in shares of Hershey by 55.0% during the second quarter. GHP Investment Advisors Inc. now owns 155 shares of the company’s stock valued at $28,000 after acquiring an additional 55 shares during the period. Peterson Financial Group Inc. acquired a new position in Hershey during the 3rd quarter valued at about $46,000. Future Financial Wealth Managment LLC acquired a new stake in Hershey in the third quarter worth $48,000. Finally, ST Germain D J Co. Inc. increased its stake in Hershey by 61.7% during the 4th quarter. ST Germain D J Co. Inc. now owns 262 shares of the company’s stock worth $44,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Barclays cut their price target on Hershey from $202.00 to $180.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Wells Fargo & Company cut their price objective on shares of Hershey from $160.00 to $150.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lowered their target price on Hershey from $188.00 to $180.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. TD Cowen reduced their price target on Hershey from $190.00 to $172.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, Sanford C. Bernstein lowered Hershey from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $230.00 to $205.00 in a research report on Monday, October 7th. Six analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $182.21.

Hershey Trading Down 0.2 %

HSY traded down $0.34 on Monday, hitting $157.86. 1,719,469 shares of the company were exchanged, compared to its average volume of 1,715,065. 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 firm has a fifty day simple moving average of $174.11 and a two-hundred day simple moving average of $185.42. The stock has a market capitalization of $31.94 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 4.38 and a beta of 0.38. The Hershey Company has a 12 month low of $156.10 and a 12 month high of $211.92.

Hershey Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, November 18th were given a dividend of $1.37 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $5.48 annualized dividend and a yield of 3.47%. Hershey’s payout ratio is 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.