Bryn Mawr Capital Management LLC Has $1.35 Million Stake in The Hershey Company (NYSE:HSY)

Bryn Mawr Capital Management LLC raised its position in shares of The Hershey Company (NYSE:HSY) by 13.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,975 shares of the company’s stock after buying an additional 932 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Hershey were worth $1,351,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of HSY. International Assets Investment Management LLC grew its stake in shares of Hershey by 30,461.7% during the third quarter. International Assets Investment Management LLC now owns 573,643 shares of the company’s stock valued at $1,100,130,000 after purchasing an additional 571,766 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Hershey by 66.7% during the third quarter. Principal Financial Group Inc. now owns 972,836 shares of the company’s stock valued at $186,571,000 after purchasing an additional 389,404 shares during the last quarter. State Street Corp grew its stake in shares of Hershey by 5.8% during the third quarter. State Street Corp now owns 7,029,551 shares of the company’s stock valued at $1,348,127,000 after purchasing an additional 386,670 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Hershey by 31.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 586,565 shares of the company’s stock valued at $112,491,000 after purchasing an additional 139,831 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Hershey by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,387,715 shares of the company’s stock valued at $841,476,000 after purchasing an additional 109,336 shares during the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.

Hershey Trading Up 1.4 %

Shares of NYSE:HSY opened at $166.12 on Friday. The Hershey Company has a 12 month low of $140.13 and a 12 month high of $211.92. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.68. The company’s fifty day simple moving average is $161.03 and its 200 day simple moving average is $178.46. The firm has a market cap of $33.61 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 5.79 and a beta of 0.37.

Hershey (NYSE:HSY) last issued its quarterly earnings data on Thursday, February 6th. The company reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.29. Hershey had a net margin of 19.83% and a return on equity of 44.77%. As a group, research analysts forecast that The Hershey Company will post 6.12 EPS for the current fiscal year.

Hershey Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 17th will be issued a dividend of $1.37 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 3.30%. Hershey’s payout ratio is 50.28%.

Insider Buying and Selling

In related news, CAO Jennifer Mccalman sold 278 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $148.00, for a total transaction of $41,144.00. Following the sale, the chief accounting officer now directly owns 2,682 shares in the company, valued at $396,936. This trade represents a 9.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.34% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HSY has been the topic of several research analyst reports. UBS Group decreased their price target on shares of Hershey from $189.00 to $163.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Citigroup raised shares of Hershey from a “sell” rating to a “neutral” rating and reduced their price objective for the company from $159.00 to $154.00 in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Hershey from $184.00 to $148.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. Piper Sandler cut shares of Hershey from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $153.00 to $120.00 in a research note on Friday, January 31st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $178.00 price objective on shares of Hershey in a research note on Monday, February 3rd. Five research analysts have rated the stock with a sell rating and sixteen have given a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $164.15.

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.