The Hershey Company (NYSE:HSY) Shares Sold by LGT Financial Advisors LLC

LGT Financial Advisors LLC reduced its position in The Hershey Company (NYSE:HSY) by 49.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 204 shares of the company’s stock after selling 198 shares during the period. LGT Financial Advisors LLC’s holdings in Hershey were worth $39,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Advisors Ltd. LLC raised its position in shares of Hershey by 218.2% during 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 in the last quarter. GHP Investment Advisors Inc. raised its holdings in shares of Hershey by 55.0% during the second quarter. GHP Investment Advisors Inc. now owns 155 shares of the company’s stock worth $28,000 after purchasing an additional 55 shares during the period. OFI Invest Asset Management bought a new position in shares of Hershey in the 2nd quarter worth about $29,000. Crewe Advisors LLC acquired a new position in shares of Hershey in the 1st quarter valued at about $35,000. Finally, Gradient Investments LLC grew its position in shares of Hershey by 71.9% during the 2nd quarter. Gradient Investments LLC now owns 251 shares of the company’s stock valued at $46,000 after buying an additional 105 shares during the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.

Hershey Stock Performance

Shares of NYSE HSY opened at $176.82 on Thursday. The Hershey Company has a 1 year low of $176.62 and a 1 year high of $211.92. The firm has a market cap of $35.77 billion, a P/E ratio of 19.65, a PEG ratio of 4.14 and a beta of 0.38. The stock has a fifty day moving average price of $189.89 and a two-hundred day moving average price of $192.34. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.48 and a current ratio of 0.86.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Stifel Nicolaus cut their target price on shares of Hershey from $195.00 to $180.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Royal Bank of Canada reduced their price objective on Hershey from $209.00 to $205.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd. Redburn Atlantic assumed coverage on Hershey in a research note on Tuesday, October 22nd. They set a “sell” rating and a $165.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised their target price on Hershey from $191.00 to $199.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Finally, Bank of America lowered their price target on shares of Hershey from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Five equities research analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $191.61.

Insider Activity

In related news, CAO Jennifer Mccalman sold 538 shares of Hershey stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $199.17, for a total transaction of $107,153.46. Following the transaction, the chief accounting officer now directly owns 3,238 shares of the company’s stock, valued at $644,912.46. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.29% of the company’s stock.

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.