The Hershey Company (NYSE:HSY) Stock Holdings Decreased by Mackenzie Financial Corp

Mackenzie Financial Corp trimmed its position in The Hershey Company (NYSE:HSY) by 0.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 113,337 shares of the company’s stock after selling 114 shares during the period. Mackenzie Financial Corp owned 0.06% of Hershey worth $21,131,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. acquired a new position in shares of Hershey in the 3rd quarter worth approximately $25,000. Costello Asset Management INC bought a new stake in Hershey during the third quarter valued at $25,000. BKM Wealth Management LLC acquired a new stake in shares of Hershey during the fourth quarter worth $26,000. First Financial Corp IN bought a new position in shares of Hershey in the 4th quarter worth about $29,000. Finally, Zions Bancorporation N.A. boosted its holdings in shares of Hershey by 121.3% in the 1st quarter. Zions Bancorporation N.A. now owns 135 shares of the company’s stock valued at $29,000 after buying an additional 74 shares during the period. 57.96% of the stock is owned by institutional investors.

Insider Buying and Selling at Hershey

In other news, CFO Steven E. Voskuil sold 1,500 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $197.90, for a total transaction of $296,850.00. Following the completion of the sale, the chief financial officer now directly owns 40,228 shares of the company’s stock, valued at approximately $7,961,121.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Hershey news, CAO Jennifer Mccalman sold 453 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $198.54, for a total transaction of $89,938.62. Following the completion of the sale, the chief accounting officer now directly owns 1,862 shares of the company’s stock, valued at $369,681.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Steven E. Voskuil sold 1,500 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $197.90, for a total transaction of $296,850.00. Following the completion of the transaction, the chief financial officer now owns 40,228 shares of the company’s stock, valued at $7,961,121.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,453 shares of company stock valued at $670,244. Corporate insiders own 0.34% of the company’s stock.

Hershey Stock Up 1.3 %

HSY opened at $184.86 on Friday. The stock’s fifty day moving average is $192.52 and its 200-day moving average is $191.07. The Hershey Company has a one year low of $178.82 and a one year high of $276.88. The company has a market capitalization of $37.70 billion, a PE ratio of 20.43, a P/E/G ratio of 2.81 and a beta of 0.34. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.52 and a current ratio of 0.97.

Hershey (NYSE:HSY) last issued its quarterly earnings results on Thursday, February 8th. The company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.07. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.72 billion. Hershey had a net margin of 16.67% and a return on equity of 51.79%. Hershey’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company earned $2.02 EPS. On average, equities analysts predict that The Hershey Company will post 9.6 EPS for the current fiscal year.

Hershey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 20th were given a $1.37 dividend. This is a positive change from Hershey’s previous quarterly dividend of $1.19. The ex-dividend date of this dividend was Friday, February 16th. This represents a $5.48 annualized dividend and a yield of 2.96%. Hershey’s payout ratio is 60.55%.

Analyst Upgrades and Downgrades

HSY has been the topic of several research reports. Sanford C. Bernstein upgraded shares of Hershey from a “market perform” rating to an “outperform” rating and set a $235.00 price objective on the stock in a research note on Monday, January 29th. Piper Sandler reduced their price objective on Hershey from $200.00 to $179.00 and set a “neutral” rating for the company in a research report on Monday. Stifel Nicolaus increased their target price on Hershey from $195.00 to $205.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. boosted their price target on shares of Hershey from $185.00 to $193.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Finally, BNP Paribas cut shares of Hershey from an “outperform” rating to a “neutral” rating and set a $208.00 price objective on the stock. in a report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Hershey currently has an average rating of “Hold” and a consensus target price of $223.33.

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.