Atria Investments Inc Has $7.07 Million Position in The Hershey Company (NYSE:HSY)

Atria Investments Inc raised its holdings in The Hershey Company (NYSE:HSY) by 3.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,877 shares of the company’s stock after buying an additional 1,223 shares during the period. Atria Investments Inc’s holdings in Hershey were worth $7,072,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in HSY. Envestnet Portfolio Solutions Inc. increased its position in shares of Hershey by 54.9% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 9,715 shares of the company’s stock valued at $1,889,000 after acquiring an additional 3,445 shares during the last quarter. Sei Investments Co. boosted its stake in Hershey by 2.2% in the first quarter. Sei Investments Co. now owns 54,540 shares of the company’s stock valued at $10,608,000 after acquiring an additional 1,168 shares during the last quarter. Choate Investment Advisors grew its position in shares of Hershey by 82.9% during the 1st quarter. Choate Investment Advisors now owns 1,994 shares of the company’s stock valued at $388,000 after acquiring an additional 904 shares during the period. Meeder Advisory Services Inc. increased its stake in shares of Hershey by 6.9% during the 1st quarter. Meeder Advisory Services Inc. now owns 1,655 shares of the company’s stock worth $322,000 after purchasing an additional 107 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Hershey by 13.8% in the first quarter. Russell Investments Group Ltd. now owns 213,436 shares of the company’s stock valued at $41,508,000 after purchasing an additional 25,891 shares during the last quarter. 57.96% of the stock is owned by institutional investors.

Hershey Price Performance

Shares of HSY stock opened at $178.50 on Tuesday. The company has a market cap of $36.11 billion, a P/E ratio of 20.56, a PEG ratio of 4.22 and a beta of 0.38. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.85 and a quick ratio of 0.48. The stock’s 50-day moving average is $189.17 and its 200 day moving average is $192.20. The Hershey Company has a 1-year low of $171.67 and a 1-year high of $211.92.

Hershey Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, November 18th will be given a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a yield of 3.07%. The ex-dividend date is Monday, November 18th. Hershey’s dividend payout ratio is presently 63.13%.

Analysts Set New Price Targets

Several analysts have issued reports on HSY shares. UBS Group lowered Hershey from a “buy” rating to a “neutral” rating and lowered their target price for the company from $226.00 to $209.00 in a research note on Monday, October 7th. Deutsche Bank Aktiengesellschaft increased their target price on Hershey from $191.00 to $199.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. The Goldman Sachs Group initiated coverage on Hershey in a research note on Monday, August 12th. They set a “sell” rating and a $185.00 price objective on the stock. Jefferies Financial Group reduced their target price on Hershey from $163.00 to $161.00 and set an “underperform” rating for the company in a report on Thursday, October 31st. Finally, Argus lowered shares of Hershey from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Five research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $189.33.

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.