Cassia Capital Partners LLC Sells 193 Shares of The Hershey Company (NYSE:HSY)

Cassia Capital Partners LLC lessened its stake in shares of The Hershey Company (NYSE:HSY) by 6.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,999 shares of the company’s stock after selling 193 shares during the period. Cassia Capital Partners LLC’s holdings in Hershey were worth $575,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Capital Advisors Ltd. LLC lifted its holdings in shares of Hershey by 218.2% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 140 shares of the company’s stock valued at $26,000 after acquiring an additional 96 shares during the last quarter. Riverview Trust Co bought a new position in shares of Hershey in the 1st quarter valued at about $29,000. GHP Investment Advisors Inc. lifted its holdings in shares of Hershey by 55.0% in the 2nd 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 last quarter. OFI Invest Asset Management bought a new position in shares of Hershey in the 2nd quarter valued at about $29,000. Finally, Crewe Advisors LLC bought a new position in shares of Hershey in the 1st quarter valued at about $35,000. Institutional investors own 57.96% of the company’s stock.

Insider Transactions at Hershey

In related news, CFO Steven E. Voskuil sold 1,500 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $190.83, for a total transaction of $286,245.00. Following the completion of the transaction, the chief financial officer now directly owns 34,228 shares in the company, valued at $6,531,729.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Hershey news, CAO Jennifer Mccalman sold 538 shares of Hershey stock in a transaction on Monday, August 12th. The shares were sold at an average price of $199.17, for a total value of $107,153.46. Following the completion of the transaction, the chief accounting officer now owns 3,238 shares of the company’s stock, valued at approximately $644,912.46. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven E. Voskuil sold 1,500 shares of Hershey stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $190.83, for a total transaction of $286,245.00. Following the completion of the transaction, the chief financial officer now directly owns 34,228 shares of the company’s stock, valued at $6,531,729.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.

Hershey Stock Down 0.4 %

HSY stock traded down $0.79 during trading on Monday, hitting $184.89. 484,599 shares of the company’s stock traded hands, compared to its average volume of 1,678,198. The firm has a market capitalization of $37.39 billion, a P/E ratio of 18.45, a PEG ratio of 5.44 and a beta of 0.37. The Hershey Company has a 1 year low of $178.82 and a 1 year high of $211.92. The company has a quick ratio of 0.48, a current ratio of 0.86 and a debt-to-equity ratio of 0.87. The business has a fifty day simple moving average of $194.01 and a two-hundred day simple moving average of $193.11.

Hershey (NYSE:HSY) last announced its earnings results on Thursday, August 1st. The company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.17). The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.30 billion. Hershey had a net margin of 16.76% and a return on equity of 45.36%. Hershey’s revenue was down 16.7% on a year-over-year basis. During the same quarter last year, the business earned $2.01 earnings per share. Sell-side analysts anticipate that The Hershey Company will post 9.47 EPS for the current year.

Hershey Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 16th were paid a dividend of $1.37 per share. The ex-dividend date was Friday, August 16th. This represents a $5.48 annualized dividend and a dividend yield of 2.96%. Hershey’s payout ratio is currently 54.31%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Hershey from $191.00 to $199.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Bank of America decreased their price objective on shares of Hershey from $200.00 to $195.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Jefferies Financial Group downgraded shares of Hershey from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $184.00 to $163.00 in a research note on Thursday, September 26th. JPMorgan Chase & Co. reduced their target price on shares of Hershey from $188.00 to $180.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. Finally, Argus lowered shares of Hershey from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Four investment analysts have rated the stock with a sell rating and sixteen have given a hold rating to the company. According to MarketBeat, Hershey currently has an average rating of “Hold” and a consensus price target of $195.00.

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.