Fidelis Capital Partners LLC Has $200,000 Holdings in The Hershey Company (NYSE:HSY)

Fidelis Capital Partners LLC trimmed its position in shares of The Hershey Company (NYSE:HSY) by 19.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,003 shares of the company’s stock after selling 247 shares during the period. Fidelis Capital Partners LLC’s holdings in Hershey were worth $200,000 at the end of the most recent quarter.

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

Hershey Trading Down 0.2 %

NYSE:HSY opened at $195.12 on Tuesday. The Hershey Company has a 52 week low of $178.82 and a 52 week high of $211.92. The firm’s fifty day moving average is $196.42 and its 200-day moving average is $194.10. The firm has a market cap of $39.46 billion, a P/E ratio of 19.34, 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 quick ratio of 0.48 and a current ratio of 0.86.

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

Hershey Announces Dividend

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

Insiders Place Their Bets

In related news, CAO Jennifer Mccalman sold 538 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $199.17, for a total transaction of $107,153.46. Following the transaction, the chief accounting officer now directly owns 3,238 shares of the company’s stock, valued at $644,912.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Hershey news, CAO Jennifer Mccalman sold 538 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $199.17, for a total value of $107,153.46. Following the transaction, the chief accounting officer now owns 3,238 shares in the company, valued at $644,912.46. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Steven E. Voskuil sold 1,500 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 34,228 shares of the company’s stock, valued at approximately $6,531,729.24. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Piper Sandler reissued a “neutral” rating and issued a $179.00 target price on shares of Hershey in a report on Friday, June 21st. Argus downgraded shares of Hershey from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th. 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 note on Wednesday, July 17th. The Goldman Sachs Group initiated coverage on Hershey in a research note on Monday, August 12th. They issued a “sell” rating and a $185.00 price target for the company. Finally, Wells Fargo & Company reduced their price objective on Hershey from $205.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Friday, June 21st. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Hershey presently has a consensus rating of “Hold” and an average price target of $200.72.

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.