Global Retirement Partners LLC Has $409,000 Stock Holdings in The Hershey Company (NYSE:HSY)

Global Retirement Partners LLC cut its stake in shares of The Hershey Company (NYSE:HSY) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,133 shares of the company’s stock after selling 69 shares during the period. Global Retirement Partners LLC’s holdings in Hershey were worth $409,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Capital Advisors Ltd. LLC boosted its position in Hershey by 218.2% during the second quarter. Capital Advisors Ltd. LLC now owns 140 shares of the company’s stock valued at $26,000 after purchasing an additional 96 shares during the last quarter. Riverview Trust Co acquired a new stake in shares of Hershey in the first quarter valued at approximately $29,000. GHP Investment Advisors Inc. lifted its position in shares of Hershey by 55.0% in the second quarter. GHP Investment Advisors Inc. now owns 155 shares of the company’s stock valued at $28,000 after buying an additional 55 shares during the last quarter. OFI Invest Asset Management acquired a new stake in shares of Hershey in the second quarter valued at approximately $29,000. Finally, Crewe Advisors LLC acquired a new stake in shares of Hershey in the first quarter valued at approximately $35,000. 57.96% of the stock is owned by institutional investors and hedge funds.

Hershey Stock Performance

NYSE:HSY opened at $184.77 on Tuesday. The stock has a fifty day moving average price of $193.73 and a 200-day moving average price of $193.03. The company has a market cap of $37.37 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 5.44 and a beta of 0.37. 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 Hershey Company has a fifty-two week low of $178.82 and a fifty-two week high of $211.92.

Hershey (NYSE:HSY) last announced 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). Hershey had a return on equity of 45.36% and a net margin of 16.76%. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the prior year, the company earned $2.01 earnings per share. Hershey’s quarterly revenue was down 16.7% compared to the same quarter last year. As a group, equities analysts anticipate that The Hershey Company will post 9.47 EPS for the current fiscal year.

Hershey Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 16th were given a dividend of $1.37 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $5.48 annualized dividend and a dividend yield of 2.97%. Hershey’s dividend payout ratio is currently 54.31%.

Analysts Set New Price Targets

HSY has been the subject of a number of recent analyst reports. Jefferies Financial Group cut Hershey from a “hold” rating to an “underperform” rating and cut their price objective for the company from $184.00 to $163.00 in a research report on Thursday, September 26th. Barclays cut their price objective on Hershey from $204.00 to $202.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 24th. The Goldman Sachs Group began coverage on Hershey in a research note on Monday, August 12th. They set a “sell” rating and a $185.00 target price on the stock. Bank of America lowered their target price on Hershey from $200.00 to $195.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada lowered their target price on Hershey from $209.00 to $205.00 and set a “sector perform” rating on the stock in a research note on Friday, August 2nd. Four investment analysts have rated the stock with a sell rating and sixteen have given a hold rating to the stock. According to data from MarketBeat.com, Hershey has an average rating of “Hold” and an average price target of $195.00.

Insider Buying and Selling

In related news, CAO Jennifer Mccalman sold 538 shares of the company’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 completion of the sale, the chief accounting officer now directly owns 3,238 shares in the company, valued at $644,912.46. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.34% of the stock is owned by corporate insiders.

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.