Samalin Investment Counsel LLC Takes $54,000 Position in Hershey Co (NYSE:HSY)

Samalin Investment Counsel LLC acquired a new stake in shares of Hershey Co (NYSE:HSY) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 369 shares of the company’s stock, valued at approximately $54,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of HSY. Prime Capital Investment Advisors LLC bought a new stake in shares of Hershey during the third quarter valued at about $28,000. Eii Capital Management Inc. bought a new stake in shares of Hershey in the 3rd quarter valued at approximately $31,000. Sugarloaf Wealth Management LLC bought a new stake in shares of Hershey in the 4th quarter valued at approximately $34,000. Evoke Wealth LLC bought a new stake in shares of Hershey in the 3rd quarter valued at approximately $39,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Hershey in the 3rd quarter valued at approximately $44,000. Institutional investors own 53.16% of the company’s stock.

A number of equities research analysts have issued reports on the company. BMO Capital Markets upped their target price on Hershey from $133.00 to $138.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Barclays reaffirmed a “hold” rating on shares of Hershey in a research report on Sunday, February 2nd. Jefferies Financial Group reaffirmed a “hold” rating and set a $157.00 target price on shares of Hershey in a research report on Sunday, February 2nd. Evercore ISI reaffirmed a “hold” rating and set a $150.00 target price on shares of Hershey in a research report on Friday, January 31st. Finally, UBS Group upped their target price on Hershey from $147.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and one has assigned a buy rating to the stock. Hershey presently has an average rating of “Hold” and an average price target of $148.19.

In related news, SVP West Mary E. Stone sold 25,563 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $148.03, for a total value of $3,784,090.89. Following the completion of the sale, the senior vice president now directly owns 53,138 shares in the company, valued at approximately $7,866,018.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pamela M. Arway sold 371 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $145.48, for a total value of $53,973.08. Following the completion of the sale, the director now owns 15,986 shares of the company’s stock, valued at $2,325,643.28. The disclosure for this sale can be found here. Insiders have sold a total of 49,667 shares of company stock valued at $7,439,835 over the last quarter. 0.41% of the stock is currently owned by corporate insiders.

Hershey stock traded up $0.95 during midday trading on Friday, reaching $160.28. The stock had a trading volume of 327,839 shares, compared to its average volume of 830,357. The firm’s fifty day simple moving average is $151.06 and its 200-day simple moving average is $151.14. Hershey Co has a 1-year low of $107.82 and a 1-year high of $162.20. The stock has a market capitalization of $32.85 billion, a P/E ratio of 29.41, a price-to-earnings-growth ratio of 3.64 and a beta of 0.02. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.65 and a current ratio of 1.05.

Hershey (NYSE:HSY) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.04. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. Hershey had a return on equity of 73.68% and a net margin of 14.40%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company earned $1.26 earnings per share. On average, sell-side analysts anticipate that Hershey Co will post 6.16 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.773 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.09 annualized dividend and a dividend yield of 1.93%. Hershey’s dividend payout ratio is currently 53.46%.

Hershey Company Profile

The Hershey Company, together with its subsidiaries, manufactures and sells confectionery products. The company operates through two segments, North America; and International and Other. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products comprising mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items, including spreads, meat snacks, bars and snack bites, mixes, popcorn and protein bars, and cookies.

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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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