M&T Bank Corp grew its stake in shares of The Hershey Company (NYSE:HSY – Free Report) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,468 shares of the company’s stock after purchasing an additional 1,195 shares during the quarter. M&T Bank Corp’s holdings in Hershey were worth $6,610,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. GHP Investment Advisors Inc. boosted its position in Hershey by 55.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 155 shares of the company’s stock valued at $28,000 after buying an additional 55 shares during the period. Burns J W & Co. Inc. NY boosted its holdings in shares of Hershey by 0.8% during the third quarter. Burns J W & Co. Inc. NY now owns 7,355 shares of the company’s stock worth $1,411,000 after purchasing an additional 58 shares during the period. Brighton Jones LLC grew its stake in shares of Hershey by 2.3% in the second quarter. Brighton Jones LLC now owns 2,631 shares of the company’s stock worth $484,000 after purchasing an additional 59 shares during the last quarter. Valley Brook Capital Group Inc. grew its stake in shares of Hershey by 1.5% in the second quarter. Valley Brook Capital Group Inc. now owns 4,067 shares of the company’s stock worth $748,000 after purchasing an additional 61 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in Hershey by 10.4% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 647 shares of the company’s stock valued at $119,000 after purchasing an additional 61 shares during the last quarter. Institutional investors own 57.96% of the company’s stock.
Hershey Price Performance
HSY opened at $170.26 on Monday. The firm has a market cap of $34.45 billion, a PE ratio of 19.62, a P/E/G ratio of 4.24 and a beta of 0.37. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.85 and a quick ratio of 0.54. The stock has a 50-day moving average price of $178.57 and a 200-day moving average price of $187.55. The Hershey Company has a 1 year low of $168.16 and a 1 year high of $211.92.
Hershey Dividend Announcement
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on HSY shares. Bank of America reiterated a “neutral” rating and issued a $180.00 price objective on shares of Hershey in a research report on Thursday, December 12th. JPMorgan Chase & Co. reduced their price objective on shares of Hershey from $188.00 to $180.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. Barclays dropped their target price on shares of Hershey from $202.00 to $180.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Stifel Nicolaus decreased their price target 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. Finally, Wells Fargo & Company cut Hershey from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $175.00 to $160.00 in a research report on Thursday, December 12th. Six research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $185.17.
Check Out Our Latest Analysis on HSY
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.
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