Cape Cod Five Cents Savings Bank Has $3.11 Million Stock Position in The Hershey Company (NYSE:HSY)

Cape Cod Five Cents Savings Bank reduced its stake in The Hershey Company (NYSE:HSY) by 0.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 16,899 shares of the company’s stock after selling 98 shares during the quarter. Cape Cod Five Cents Savings Bank’s holdings in Hershey were worth $3,107,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Lantz Financial LLC bought a new position in shares of Hershey during the second quarter valued at $1,841,000. SG Americas Securities LLC lifted its holdings in Hershey by 44.2% during the 2nd quarter. SG Americas Securities LLC now owns 31,778 shares of the company’s stock valued at $5,842,000 after purchasing an additional 9,743 shares during the last quarter. Czech National Bank boosted its position in Hershey by 6.7% in the second quarter. Czech National Bank now owns 28,130 shares of the company’s stock valued at $5,171,000 after buying an additional 1,758 shares in the last quarter. RFG Advisory LLC grew its stake in Hershey by 105.2% during the second quarter. RFG Advisory LLC now owns 9,003 shares of the company’s stock worth $1,655,000 after buying an additional 4,616 shares during the last quarter. Finally, D.B. Root & Company LLC increased its holdings in shares of Hershey by 11.9% during the second quarter. D.B. Root & Company LLC now owns 1,348 shares of the company’s stock worth $248,000 after buying an additional 143 shares in the last quarter. 57.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on HSY shares. Stifel Nicolaus cut their price objective on Hershey from $195.00 to $180.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Barclays cut their price target on Hershey from $202.00 to $180.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. JPMorgan Chase & Co. decreased their price objective on shares of Hershey from $188.00 to $180.00 and set a “neutral” rating on the stock in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Hershey from $191.00 to $199.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Finally, Sanford C. Bernstein cut shares of Hershey from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $230.00 to $205.00 in a research note on Monday, October 7th. Five equities research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $188.41.

Hershey Trading Up 0.1 %

NYSE:HSY opened at $174.70 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.76. The Hershey Company has a 1-year low of $168.16 and a 1-year high of $211.92. The firm has a market capitalization of $35.35 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 4.18 and a beta of 0.37. The business’s 50-day moving average price is $180.63 and its two-hundred day moving average price is $188.74.

Hershey Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, November 18th will be issued a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Monday, November 18th. Hershey’s dividend payout ratio is currently 63.13%.

About Hershey

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.