Insight Wealth Strategies LLC Has $4.16 Million Position in The Hershey Company (NYSE:HSY)

Insight Wealth Strategies LLC lifted its stake in shares of The Hershey Company (NYSE:HSY) by 18.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 24,545 shares of the company’s stock after buying an additional 3,841 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Hershey were worth $4,157,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Ashton Thomas Securities LLC acquired a new stake in Hershey during the third quarter worth approximately $25,000. GHP Investment Advisors Inc. lifted its holdings in Hershey by 55.0% during the 2nd 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 last quarter. Peterson Financial Group Inc. acquired a new stake in Hershey during the 3rd quarter worth approximately $46,000. Future Financial Wealth Managment LLC bought a new stake in Hershey in the 3rd quarter valued at $48,000. Finally, Quarry LP grew its holdings in Hershey by 123.9% in the 2nd quarter. Quarry LP now owns 300 shares of the company’s stock valued at $55,000 after buying an additional 166 shares in the last quarter. Institutional investors own 57.96% of the company’s stock.

Hershey Price Performance

HSY traded down $1.54 on Monday, reaching $167.49. The stock had a trading volume of 894,932 shares, compared to its average volume of 889,003. The firm has a 50-day moving average of $175.74 and a 200-day moving average of $186.16. The Hershey Company has a fifty-two week low of $165.78 and a fifty-two week high of $211.92. The company has a market capitalization of $33.89 billion, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 4.38 and a beta of 0.38. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.76.

Hershey Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, November 18th were given a $1.37 dividend. This represents a $5.48 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend was Monday, November 18th. Hershey’s dividend payout ratio (DPR) is currently 63.13%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HSY shares. Jefferies Financial Group reduced their target price on shares of Hershey from $163.00 to $161.00 and set an “underperform” rating for the company in a research report on Thursday, October 31st. Barclays cut their price objective on shares of Hershey from $202.00 to $180.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Sanford C. Bernstein cut shares of Hershey from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $230.00 to $205.00 in a report on Monday, October 7th. UBS Group cut Hershey from a “buy” rating to a “neutral” rating and cut their price target for the company from $226.00 to $209.00 in a research note on Monday, October 7th. Finally, Piper Sandler raised their price objective on Hershey from $165.00 to $168.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Six analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $184.61.

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.