Koshinski Asset Management Inc. Grows Stock Holdings in The Hershey Company (NYSE:HSY)

Koshinski Asset Management Inc. grew its holdings in shares of The Hershey Company (NYSE:HSY) by 6.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,272 shares of the company’s stock after purchasing an additional 257 shares during the period. Koshinski Asset Management Inc.’s holdings in Hershey were worth $724,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in HSY. Burns J W & Co. Inc. NY increased its position 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 valued at $1,411,000 after acquiring an additional 58 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Hershey by 1.1% during the third quarter. Park Avenue Securities LLC now owns 5,646 shares of the company’s stock valued at $1,083,000 after acquiring an additional 62 shares in the last quarter. Salomon & Ludwin LLC increased its position in shares of Hershey by 23.3% during the third quarter. Salomon & Ludwin LLC now owns 333 shares of the company’s stock valued at $64,000 after acquiring an additional 63 shares in the last quarter. Forum Financial Management LP increased its position in shares of Hershey by 1.6% during the third quarter. Forum Financial Management LP now owns 4,130 shares of the company’s stock valued at $792,000 after acquiring an additional 64 shares in the last quarter. Finally, Avestar Capital LLC increased its position in shares of Hershey by 6.0% during the third quarter. Avestar Capital LLC now owns 1,175 shares of the company’s stock valued at $225,000 after acquiring an additional 67 shares in the last quarter. 57.96% of the stock is currently owned by hedge funds and other institutional investors.

Hershey Stock Down 1.6 %

Shares of NYSE HSY opened at $151.18 on Thursday. The firm’s 50-day moving average price is $170.78 and its 200-day moving average price is $183.96. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $30.59 billion, a price-to-earnings ratio of 17.42, a P/E/G ratio of 4.28 and a beta of 0.38. The Hershey Company has a 12-month low of $150.31 and a 12-month high of $211.92.

Hershey Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, November 18th were given a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend was Monday, November 18th. Hershey’s dividend payout ratio is 63.13%.

Analysts Set New Price Targets

HSY has been the subject of several analyst reports. Mizuho reduced their price target on shares of Hershey from $195.00 to $170.00 and set a “neutral” rating for the company in a research report on Monday, December 23rd. Wells Fargo & Company cut their target price on shares of Hershey from $150.00 to $140.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Piper Sandler cut their target price on shares of Hershey from $168.00 to $153.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Sanford C. Bernstein downgraded shares of Hershey from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $230.00 to $205.00 in a research report on Monday, October 7th. Finally, Stifel Nicolaus cut their target price on shares of Hershey from $195.00 to $180.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Six investment analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $175.00.

Hershey Company 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.