RFG Advisory LLC Sells 2,331 Shares of The Hershey Company (NYSE:HSY)

RFG Advisory LLC decreased its stake in The Hershey Company (NYSE:HSY) by 24.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,265 shares of the company’s stock after selling 2,331 shares during the period. RFG Advisory LLC’s holdings in Hershey were worth $1,230,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HSY. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Hershey in the 3rd quarter worth approximately $1,337,000. Principal Financial Group Inc. increased its position in Hershey by 66.7% in the third quarter. Principal Financial Group Inc. now owns 972,836 shares of the company’s stock worth $186,571,000 after buying an additional 389,404 shares during the last quarter. Woodstock Corp raised its stake in shares of Hershey by 34.8% in the fourth quarter. Woodstock Corp now owns 6,896 shares of the company’s stock valued at $1,168,000 after buying an additional 1,780 shares during the period. HighTower Advisors LLC lifted its position in shares of Hershey by 61.9% during the 3rd quarter. HighTower Advisors LLC now owns 120,159 shares of the company’s stock valued at $23,052,000 after buying an additional 45,936 shares during the last quarter. Finally, Pensionfund Sabic grew its stake in shares of Hershey by 55.6% during the 4th quarter. Pensionfund Sabic now owns 8,400 shares of the company’s stock worth $1,423,000 after acquiring an additional 3,000 shares during the period. 57.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HSY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Hershey from $184.00 to $148.00 and set a “hold” rating on the stock in a report on Thursday. Redburn Atlantic began coverage on shares of Hershey in a report on Tuesday, October 22nd. They issued a “sell” rating and a $165.00 price objective for the company. Piper Sandler lowered their target price on shares of Hershey from $168.00 to $153.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Mizuho dropped their target price on Hershey from $195.00 to $170.00 and set a “neutral” rating on the stock in a research report on Monday, December 23rd. Finally, Wells Fargo & Company reduced their price target on Hershey from $150.00 to $140.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Six analysts have rated the stock with a sell rating and fourteen have given a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $171.79.

Hershey Trading Up 0.4 %

Shares of HSY stock opened at $150.54 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.76. The firm has a market cap of $30.46 billion, a P/E ratio of 17.34, a price-to-earnings-growth ratio of 4.28 and a beta of 0.38. The business has a 50-day moving average price of $169.13 and a two-hundred day moving average price of $183.26. The Hershey Company has a 12-month low of $147.60 and a 12-month high of $211.92.

Hershey Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, November 18th were paid a $1.37 dividend. This represents a $5.48 annualized dividend and a yield of 3.64%. The ex-dividend date was Monday, November 18th. 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.