Tokio Marine Asset Management Co. Ltd. Has $704,000 Stock Holdings in The Hershey Company (NYSE:HSY)

Tokio Marine Asset Management Co. Ltd. cut its holdings in The Hershey Company (NYSE:HSY) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,157 shares of the company’s stock after selling 73 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Hershey were worth $704,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HSY. State Street Corp lifted its stake in shares of Hershey by 5.8% in the third quarter. State Street Corp now owns 7,029,551 shares of the company’s stock worth $1,348,127,000 after buying an additional 386,670 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Hershey by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,387,715 shares of the company’s stock worth $841,476,000 after buying an additional 109,336 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Hershey by 1.0% in the third quarter. Geode Capital Management LLC now owns 3,753,751 shares of the company’s stock worth $717,606,000 after buying an additional 35,688 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Hershey by 66.7% in the third quarter. Principal Financial Group Inc. now owns 972,836 shares of the company’s stock worth $186,571,000 after buying an additional 389,404 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of Hershey by 3.2% in the third quarter. Stifel Financial Corp now owns 964,748 shares of the company’s stock worth $185,027,000 after buying an additional 29,507 shares during the last quarter. 57.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HSY has been the subject of a number of analyst reports. Jefferies Financial Group reduced their price objective on shares of Hershey from $150.00 to $134.00 and set an “underperform” rating for the company in a research note on Tuesday, January 21st. Barclays dropped their target price on shares of Hershey from $180.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Redburn Atlantic assumed coverage on shares of Hershey in a research report on Tuesday, October 22nd. They set a “sell” rating and a $165.00 target price on the stock. Bank of America reaffirmed a “neutral” rating and set a $180.00 target price on shares of Hershey in a research report on Thursday, December 12th. Finally, UBS Group dropped their target price on shares of Hershey from $189.00 to $163.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Seven analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $169.79.

Hershey Stock Down 2.0 %

HSY opened at $144.78 on Wednesday. The firm’s 50-day simple moving average is $166.37 and its 200-day simple moving average is $181.55. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.54 and a current ratio of 0.85. The Hershey Company has a twelve month low of $143.95 and a twelve month high of $211.92. The firm has a market cap of $29.30 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 4.30 and a beta of 0.38.

Hershey Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, November 18th were issued a $1.37 dividend. This represents a $5.48 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend was Monday, November 18th. Hershey’s payout ratio is 63.13%.

Insider Transactions at Hershey

In related news, CAO Jennifer Mccalman sold 278 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $148.00, for a total transaction of $41,144.00. Following the transaction, the chief accounting officer now owns 2,682 shares in the company, valued at $396,936. This represents a 9.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is owned by insiders.

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.