Robeco Institutional Asset Management B.V. Sells 1,689 Shares of The Hershey Company (NYSE:HSY)

Robeco Institutional Asset Management B.V. decreased its position in The Hershey Company (NYSE:HSY) by 13.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 11,326 shares of the company’s stock after selling 1,689 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Hershey were worth $2,172,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of HSY. Norden Group LLC bought a new stake in Hershey in the 1st quarter valued at approximately $374,000. Envestnet Portfolio Solutions Inc. raised its stake in shares of Hershey by 54.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 9,715 shares of the company’s stock worth $1,889,000 after purchasing an additional 3,445 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Hershey by 239.2% during the 1st quarter. SG Americas Securities LLC now owns 22,035 shares of the company’s stock worth $4,286,000 after purchasing an additional 15,538 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Hershey by 29.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 11,119 shares of the company’s stock worth $2,163,000 after purchasing an additional 2,544 shares in the last quarter. Finally, Forsta AP Fonden raised its stake in shares of Hershey by 9.6% during the 1st quarter. Forsta AP Fonden now owns 39,800 shares of the company’s stock worth $7,741,000 after purchasing an additional 3,500 shares in the last quarter. Institutional investors own 57.96% of the company’s stock.

Insider Buying and Selling

In related news, CAO Jennifer Mccalman sold 538 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $199.17, for a total value of $107,153.46. Following the transaction, the chief accounting officer now owns 3,238 shares in the company, valued at approximately $644,912.46. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is owned by company insiders.

Hershey Stock Up 1.6 %

HSY stock opened at $175.67 on Friday. 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 $35.54 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 4.09 and a beta of 0.38. The business’s fifty day moving average price is $189.17 and its two-hundred day moving average price is $192.13. The Hershey Company has a fifty-two week low of $171.67 and a fifty-two week high of $211.92.

Hershey (NYSE:HSY) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.16). Hershey had a return on equity of 45.36% and a net margin of 16.76%. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.07 billion. On average, equities analysts anticipate that The Hershey Company will post 9.39 earnings per share for the current year.

Hershey Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, November 18th will be given a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Monday, November 18th. Hershey’s payout ratio is currently 60.89%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Piper Sandler upped their price objective on Hershey from $165.00 to $168.00 and gave the stock a “neutral” rating in a research note on Friday. Sanford C. Bernstein cut Hershey from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $230.00 to $205.00 in a research note on Monday, October 7th. Royal Bank of Canada dropped their price target on Hershey from $205.00 to $183.00 and set a “sector perform” rating on the stock in a research note on Friday. Citigroup cut Hershey from a “neutral” rating to a “sell” rating and dropped their price target for the company from $195.00 to $182.00 in a research note on Tuesday, August 27th. Finally, JPMorgan Chase & Co. dropped their price target on Hershey from $188.00 to $180.00 and set a “neutral” rating on the stock in a research note on Monday, October 14th. Five investment analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company. According to data from MarketBeat.com, Hershey currently has an average rating of “Hold” and a consensus target price of $190.56.

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.