426 Shares in The Hershey Company (NYSE:HSY) Bought by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC acquired a new position in The Hershey Company (NYSE:HSY) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 426 shares of the company’s stock, valued at approximately $82,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Hershey by 14.2% during the first quarter. Vanguard Group Inc. now owns 17,341,721 shares of the company’s stock valued at $3,372,965,000 after purchasing an additional 2,158,912 shares in the last quarter. Janus Henderson Group PLC lifted its position in Hershey by 6.5% during the first quarter. Janus Henderson Group PLC now owns 1,487,565 shares of the company’s stock valued at $289,327,000 after purchasing an additional 90,329 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Hershey by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 787,377 shares of the company’s stock valued at $144,743,000 after purchasing an additional 25,780 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Hershey by 23.2% during the second quarter. Envestnet Asset Management Inc. now owns 783,128 shares of the company’s stock valued at $143,962,000 after purchasing an additional 147,215 shares in the last quarter. Finally, Confluence Investment Management LLC lifted its position in Hershey by 297.9% during the second quarter. Confluence Investment Management LLC now owns 717,831 shares of the company’s stock valued at $131,959,000 after purchasing an additional 537,419 shares in the last quarter. Institutional investors own 57.96% of the company’s stock.

Hershey Price Performance

NYSE:HSY opened at $176.82 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.48 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $35.77 billion, a P/E ratio of 19.65, a P/E/G ratio of 4.14 and a beta of 0.38. The Hershey Company has a 12 month low of $176.62 and a 12 month high of $211.92. The business’s 50-day moving average is $189.89 and its 200 day moving average is $192.34.

Insiders Place Their Bets

In other Hershey news, CAO Jennifer Mccalman sold 538 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $199.17, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.29% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HSY shares. Citigroup downgraded Hershey from a “neutral” rating to a “sell” rating and lowered their target price for the company from $195.00 to $182.00 in a research report on Tuesday, August 27th. Royal Bank of Canada lowered their price objective on Hershey from $209.00 to $205.00 and set a “sector perform” rating on the stock in a research report on Friday, August 2nd. UBS Group downgraded Hershey from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $226.00 to $209.00 in a research report on Monday, October 7th. Sanford C. Bernstein downgraded Hershey from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $230.00 to $205.00 in a research report on Monday, October 7th. Finally, Jefferies Financial Group lowered their price objective on Hershey from $163.00 to $161.00 and set an “underperform” rating on the stock in a research report on Thursday, October 31st. Five research analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $191.61.

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.