Inspirion Wealth Advisors LLC Has $452,000 Holdings in The Hershey Company (NYSE:HSY)

Inspirion Wealth Advisors LLC boosted its holdings in The Hershey Company (NYSE:HSY) by 9.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,355 shares of the company’s stock after purchasing an additional 210 shares during the quarter. Inspirion Wealth Advisors LLC’s holdings in Hershey were worth $452,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Capital Advisors Ltd. LLC increased its position in shares of Hershey by 218.2% in the second quarter. Capital Advisors Ltd. LLC now owns 140 shares of the company’s stock worth $26,000 after purchasing an additional 96 shares during the period. GHP Investment Advisors Inc. raised its position in shares of Hershey by 55.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 155 shares of the company’s stock valued at $28,000 after buying an additional 55 shares in the last quarter. Riverview Trust Co bought a new stake in shares of Hershey during the 1st quarter worth approximately $29,000. OFI Invest Asset Management acquired a new stake in shares of Hershey during the 2nd quarter worth approximately $29,000. Finally, Quarry LP bought a new position in Hershey in the fourth quarter valued at approximately $34,000. Institutional investors own 57.96% of the company’s stock.

Hershey Stock Up 0.4 %

Shares of Hershey stock traded up $0.85 during trading hours on Friday, reaching $191.84. The company’s stock had a trading volume of 794,175 shares, compared to its average volume of 1,714,381. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.48 and a current ratio of 0.86. The stock’s fifty day simple moving average is $196.42 and its two-hundred day simple moving average is $193.88. The company has a market capitalization of $38.80 billion, a P/E ratio of 19.01, a P/E/G ratio of 5.67 and a beta of 0.37. The Hershey Company has a one year low of $178.82 and a one year high of $211.92.

Hershey (NYSE:HSY) last issued its quarterly earnings data 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 company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.30 billion. Hershey had a net margin of 16.76% and a return on equity of 45.36%. Hershey’s revenue was down 16.7% on a year-over-year basis. During the same quarter last year, the business posted $2.01 earnings per share. On average, research analysts forecast that The Hershey Company will post 9.49 earnings per share for the current year.

Hershey Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 16th were issued a $1.37 dividend. The ex-dividend date was Friday, August 16th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 2.86%. Hershey’s dividend payout ratio (DPR) is presently 54.31%.

Insider Activity at Hershey

In related news, CFO Steven E. Voskuil sold 1,500 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $190.83, for a total value of $286,245.00. Following the sale, the chief financial officer now directly owns 34,228 shares in the company, valued at approximately $6,531,729.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CAO Jennifer Mccalman sold 538 shares of the business’s 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 directly owns 3,238 shares in the company, valued at approximately $644,912.46. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Steven E. Voskuil sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $190.83, for a total value of $286,245.00. Following the completion of the transaction, the chief financial officer now owns 34,228 shares of the company’s stock, valued at approximately $6,531,729.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.34% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on HSY. Bank of America lowered their price target on Hershey from $210.00 to $200.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Piper Sandler reaffirmed a “neutral” rating and set a $179.00 price target on shares of Hershey in a report on Friday, June 21st. Royal Bank of Canada dropped their price objective on shares of Hershey from $209.00 to $205.00 and set a “sector perform” rating for the company in a research note on Friday, August 2nd. Jefferies Financial Group cut shares of Hershey from a “hold” rating to an “underperform” rating and decreased their target price for the stock from $184.00 to $163.00 in a research note on Thursday, September 26th. Finally, Sanford C. Bernstein dropped their price target on Hershey from $237.00 to $230.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $198.63.

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.