Capstone Triton Financial Group LLC Takes $247,000 Position in The Hershey Company (NYSE:HSY)

Capstone Triton Financial Group LLC purchased a new position in shares of The Hershey Company (NYSE:HSY) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,346 shares of the company’s stock, valued at approximately $247,000.

Several other large investors also recently bought and sold shares of HSY. Vanguard Group Inc. grew its position in shares of Hershey by 14.2% in the first quarter. Vanguard Group Inc. now owns 17,341,721 shares of the company’s stock valued at $3,372,965,000 after purchasing an additional 2,158,912 shares in the last quarter. Confluence Investment Management LLC boosted its stake in Hershey by 297.9% during the second quarter. Confluence Investment Management LLC now owns 717,831 shares of the company’s stock worth $131,959,000 after buying an additional 537,419 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Hershey in the 2nd quarter valued at $82,123,000. Bryn Mawr Capital Management LLC increased its stake in shares of Hershey by 3,404.3% in the 1st quarter. Bryn Mawr Capital Management LLC now owns 256,447 shares of the company’s stock worth $49,879,000 after acquiring an additional 249,129 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of Hershey by 1,194.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 249,347 shares of the company’s stock worth $45,837,000 after acquiring an additional 230,077 shares during the period. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Insider Activity at Hershey

In other Hershey news, CAO Jennifer Mccalman sold 538 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $199.17, for a total value of $107,153.46. Following the completion of the transaction, the chief accounting officer now owns 3,238 shares in the company, valued at $644,912.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Steven E. Voskuil sold 1,500 shares of Hershey stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $190.83, for a total value of $286,245.00. Following the transaction, the chief financial officer now directly owns 34,228 shares of the company’s stock, valued at approximately $6,531,729.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jennifer Mccalman sold 538 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $199.17, for a total transaction of $107,153.46. Following the sale, the chief accounting officer now owns 3,238 shares of the company’s stock, valued at approximately $644,912.46. The disclosure for this sale can be found here. Insiders have sold 3,538 shares of company stock valued at $667,793 in the last ninety days. Insiders own 0.34% of the company’s stock.

Hershey Stock Down 0.1 %

Hershey stock opened at $195.23 on Friday. The stock has a market cap of $39.48 billion, a PE ratio of 19.35, a P/E/G ratio of 5.77 and a beta of 0.37. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.48. The stock’s fifty day moving average is $196.30 and its two-hundred day moving average is $194.03. The Hershey Company has a 1-year low of $178.82 and a 1-year high of $211.92.

Hershey (NYSE:HSY) last posted its earnings results on Thursday, August 1st. The company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.17). The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Hershey had a return on equity of 45.36% and a net margin of 16.76%. Hershey’s revenue for the quarter was down 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.01 EPS. On average, sell-side analysts expect that The Hershey Company will post 9.5 EPS for the current fiscal year.

Hershey Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 16th were given a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Friday, August 16th. Hershey’s dividend payout ratio (DPR) is 54.31%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HSY. Argus lowered shares of Hershey from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th. Piper Sandler reissued a “neutral” rating and issued a $179.00 price target on shares of Hershey in a research note on Friday, June 21st. Barclays reduced their price target on shares of Hershey from $210.00 to $204.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 18th. JPMorgan Chase & Co. upped their price target on Hershey from $183.00 to $188.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Sanford C. Bernstein decreased their target price on shares of Hershey from $237.00 to $230.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $203.21.

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.