Rep. Marjorie Taylor Greene Purchases Shares of The Hershey Company (NYSE:HSY)

Posted by Defense World Staff on Nov 6th, 2024

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of The Hershey Company (NYSE:HSY). In a filing disclosed on November 04th, the Representative disclosed that they had bought between $1,001 and $15,000 in Hershey stock on November 1st.

Representative Marjorie Taylor Greene also recently made the following trade(s):

Purchased $1,001 – $15,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 11/1/2024.
Purchased $1,001 – $15,000 in shares of Digital Realty Trust (NYSE:DLR) on 11/1/2024.
Purchased $1,001 – $15,000 in shares of Apple (NASDAQ:AAPL) on 11/1/2024.
Purchased $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 11/1/2024.
Purchased $1,001 – $15,000 in shares of Duke Energy (NYSE:DUK) on 11/1/2024.
Purchased $1,001 – $15,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 11/1/2024.
Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 11/1/2024.
Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 11/1/2024.
Purchased $1,001 – $15,000 in shares of Corning (NYSE:GLW) on 11/1/2024.
Purchased $1,001 – $15,000 in shares of Caterpillar (NYSE:CAT) on 10/21/2024.

Hershey Stock Up 0.7 %

Shares of HSY stock opened at $180.17 on Wednesday. The Hershey Company has a 52-week low of $176.78 and a 52-week high of $211.92. The stock has a market cap of $36.45 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 4.13 and a beta of 0.38. The firm’s 50-day moving average is $190.19 and its 200-day moving average is $192.45. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.48 and a current ratio of 0.86.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HSY. Sanford C. Bernstein lowered Hershey from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $230.00 to $205.00 in a report on Monday, October 7th. The Goldman Sachs Group started coverage on shares of Hershey in a report on Monday, August 12th. They issued a “sell” rating and a $185.00 price objective on the stock. Redburn Atlantic began coverage on shares of Hershey in a research note on Tuesday, October 22nd. They set a “sell” rating and a $165.00 target price for the company. UBS Group downgraded shares of Hershey from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $226.00 to $209.00 in a report on Monday, October 7th. Finally, Jefferies Financial Group lowered their price target on shares of Hershey from $163.00 to $161.00 and set an “underperform” rating on the stock in a report on Thursday, October 31st. Five analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the stock. According to data from MarketBeat, Hershey presently has an average rating of “Hold” and a consensus price target of $191.61.

Read Our Latest Stock Report on HSY

Institutional Trading of Hershey

A number of institutional investors have recently modified their holdings of the stock. Ashton Thomas Securities LLC bought a new stake in shares of Hershey during the 3rd quarter worth approximately $25,000. Capital Advisors Ltd. LLC boosted its holdings in shares of Hershey by 218.2% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 140 shares of the company’s stock valued at $26,000 after purchasing an additional 96 shares in 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. OFI Invest Asset Management acquired a new position in shares of Hershey during the 2nd quarter worth $29,000. Finally, Crewe Advisors LLC bought a new stake in shares of Hershey during the 1st quarter worth $35,000. 57.96% of the stock is currently owned by institutional investors.

Insider Activity at Hershey

In related news, CAO Jennifer Mccalman sold 538 shares of Hershey stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 3,238 shares of the company’s stock, valued at approximately $644,912.46. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.29% of the stock is currently owned by insiders.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia’s 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor’s degree in business administration from the University of Georgia. Greene’s career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

About Hershey

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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.