2,053 Shares in The Hershey Company (NYSE:HSY) Bought by Spinnaker Investment Group LLC

Spinnaker Investment Group LLC acquired a new stake in The Hershey Company (NYSE:HSY) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 2,053 shares of the company’s stock, valued at approximately $348,000.

A number of other large investors have also modified their holdings of HSY. Ashton Thomas Securities LLC purchased a new position in shares of Hershey in the 3rd quarter valued at about $25,000. Grove Bank & Trust increased its position in shares of Hershey by 248.0% in the fourth quarter. Grove Bank & Trust now owns 174 shares of the company’s stock valued at $29,000 after buying an additional 124 shares in the last quarter. ST Germain D J Co. Inc. raised its stake in shares of 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 buying an additional 100 shares during the period. Peterson Financial Group Inc. purchased a new position in shares of Hershey during the 3rd quarter valued at approximately $46,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in Hershey in the 3rd quarter valued at $48,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Bank of America restated a “neutral” rating and set a $180.00 price objective on shares of Hershey in a research report on Thursday, December 12th. Jefferies Financial Group reduced their price target on shares of Hershey from $150.00 to $134.00 and set an “underperform” rating for the company in a research report on Tuesday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $183.00 price objective on shares of Hershey in a report on Tuesday, December 10th. Barclays reduced their target price on Hershey from $180.00 to $170.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Finally, Redburn Atlantic initiated coverage on Hershey in a research note on Tuesday, October 22nd. They issued a “sell” rating and a $165.00 price target on the stock. Six equities research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $172.32.

Hershey Stock Down 0.8 %

Shares of NYSE HSY opened at $149.84 on Friday. The company has a market capitalization of $30.32 billion, a P/E ratio of 17.26, a P/E/G ratio of 4.30 and a beta of 0.38. 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 company has a 50 day simple moving average of $170.12 and a 200-day simple moving average of $183.73. The Hershey Company has a 1 year low of $148.74 and a 1 year high of $211.92.

Hershey Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, November 18th were paid 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 3.66%. Hershey’s dividend payout ratio (DPR) is 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.