Anchor Investment Management LLC Has $222,000 Stake in The Hershey Company (NYSE:HSY)

Anchor Investment Management LLC increased its stake in The Hershey Company (NYSE:HSY) by 86.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,156 shares of the company’s stock after purchasing an additional 537 shares during the period. Anchor Investment Management LLC’s holdings in Hershey were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Virtu Financial LLC lifted its holdings in shares of Hershey by 83.1% in the third quarter. Virtu Financial LLC now owns 14,170 shares of the company’s stock valued at $2,717,000 after purchasing an additional 6,433 shares in the last quarter. M&T Bank Corp lifted its stake in Hershey by 3.6% in the 3rd quarter. M&T Bank Corp now owns 34,468 shares of the company’s stock valued at $6,610,000 after acquiring an additional 1,195 shares in the last quarter. Unigestion Holding SA boosted its position in Hershey by 14.6% during the 3rd quarter. Unigestion Holding SA now owns 3,660 shares of the company’s stock worth $702,000 after acquiring an additional 467 shares during the last quarter. Soltis Investment Advisors LLC grew its stake in shares of Hershey by 53.7% during the 3rd quarter. Soltis Investment Advisors LLC now owns 44,339 shares of the company’s stock worth $8,503,000 after acquiring an additional 15,497 shares in the last quarter. Finally, Arete Wealth Advisors LLC raised its holdings in shares of Hershey by 93.6% in the third quarter. Arete Wealth Advisors LLC now owns 3,588 shares of the company’s stock valued at $688,000 after purchasing an additional 1,735 shares during the last quarter. Institutional investors own 57.96% of the company’s stock.

Analysts Set New Price Targets

HSY has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Hershey from $191.00 to $199.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Piper Sandler raised their price objective on Hershey from $165.00 to $168.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Wells Fargo & Company lowered Hershey from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $175.00 to $160.00 in a report on Thursday. JPMorgan Chase & Co. decreased their price target on Hershey from $188.00 to $180.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. Finally, UBS Group lowered Hershey from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $226.00 to $209.00 in a research report on Monday, October 7th. Six equities research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $185.17.

Hershey Trading Down 0.5 %

HSY stock opened at $183.01 on Friday. The Hershey Company has a one year low of $168.16 and a one year high of $211.92. The stock has a market cap of $37.03 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 4.24 and a beta of 0.37. The company has a fifty day moving average price of $179.93 and a two-hundred day moving average price of $188.41. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.85 and a quick ratio of 0.54.

Hershey Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, November 18th will be paid a $1.37 dividend. The ex-dividend date is Monday, November 18th. This represents a $5.48 dividend on an annualized basis and a yield of 2.99%. Hershey’s dividend payout ratio (DPR) 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.