Central Bank & Trust Co. Sells 2,483 Shares of The Hershey Company (NYSE:HSY)

Central Bank & Trust Co. lessened its position in shares of The Hershey Company (NYSE:HSY) by 10.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,169 shares of the company’s stock after selling 2,483 shares during the period. Central Bank & Trust Co.’s holdings in Hershey were worth $4,252,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Advisors Ltd. LLC lifted its stake in 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 in the last quarter. GHP Investment Advisors Inc. raised its holdings in 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 acquiring an additional 55 shares in the last quarter. OFI Invest Asset Management bought a new position in Hershey in the second quarter valued at approximately $29,000. Crewe Advisors LLC acquired a new position in shares of Hershey during the 1st quarter worth approximately $35,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Hershey during the 3rd quarter worth approximately $48,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

Insider Transactions at Hershey

In related news, CAO Jennifer Mccalman sold 538 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $199.17, for a total value of $107,153.46. Following the sale, the chief accounting officer now directly owns 3,238 shares of the company’s stock, valued at $644,912.46. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.29% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Stifel Nicolaus decreased their target price on shares of Hershey from $195.00 to $180.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Sanford C. Bernstein cut shares of Hershey from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $230.00 to $205.00 in a report on Monday, October 7th. Royal Bank of Canada reduced their price target on Hershey from $209.00 to $205.00 and set a “sector perform” rating for the company in a report on Friday, August 2nd. Bank of America dropped their price objective on Hershey from $200.00 to $195.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Finally, UBS Group downgraded Hershey from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $226.00 to $209.00 in a research note on Monday, October 7th. Five research analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Hershey presently has an average rating of “Hold” and a consensus price target of $191.61.

Hershey Price Performance

Shares of NYSE HSY opened at $179.00 on Tuesday. The Hershey Company has a fifty-two week low of $176.78 and a fifty-two week high of $211.92. The business has a fifty day moving average price of $190.41 and a two-hundred day moving average price of $192.49. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.48. The stock has a market capitalization of $36.21 billion, a PE ratio of 19.89, a P/E/G ratio of 4.13 and a beta of 0.38.

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.