Winnow Wealth LLC Invests $1.07 Million in Hershey Company (The) $HSY

Winnow Wealth LLC acquired a new stake in Hershey Company (The) (NYSE:HSYFree Report) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 5,693 shares of the company’s stock, valued at approximately $1,070,000.

Other hedge funds have also recently bought and sold shares of the company. SJS Investment Consulting Inc. boosted its stake in shares of Hershey by 1,537.5% during the 3rd quarter. SJS Investment Consulting Inc. now owns 131 shares of the company’s stock worth $25,000 after acquiring an additional 123 shares in the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of Hershey in the 2nd quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Hershey in the 2nd quarter worth approximately $31,000. Vermillion & White Wealth Management Group LLC boosted its position in Hershey by 46.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 199 shares of the company’s stock worth $33,000 after purchasing an additional 63 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new position in Hershey during the second quarter valued at approximately $36,000. 57.96% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hershey

In other news, insider Stacy Taffet bought 200 shares of Hershey stock in a transaction that occurred on Friday, November 21st. The stock was purchased at an average cost of $186.19 per share, with a total value of $37,238.00. Following the completion of the transaction, the insider directly owned 9,371 shares in the company, valued at $1,744,786.49. This trade represents a 2.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steven E. Voskuil sold 1,500 shares of Hershey stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $198.67, for a total transaction of $298,005.00. Following the sale, the chief financial officer owned 52,319 shares in the company, valued at $10,394,215.73. This represents a 2.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 6,000 shares of company stock valued at $1,119,450. 0.34% of the stock is owned by corporate insiders.

Hershey Stock Up 2.2%

Shares of HSY opened at $194.74 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.83 and a current ratio of 1.36. The company has a 50-day simple moving average of $187.24 and a 200-day simple moving average of $184.42. Hershey Company has a 52 week low of $140.13 and a 52 week high of $201.86. The firm has a market capitalization of $39.49 billion, a P/E ratio of 29.11 and a beta of 0.18.

Hershey (NYSE:HSYGet Free Report) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.24. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.11 billion. Hershey had a return on equity of 32.08% and a net margin of 11.84%.The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.34 earnings per share. On average, equities research analysts expect that Hershey Company will post 6.12 earnings per share for the current year.

Analyst Ratings Changes

HSY has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $188.00 price objective on shares of Hershey in a research note on Thursday. Piper Sandler set a $213.00 target price on shares of Hershey and gave the stock an “overweight” rating in a research report on Tuesday, January 6th. Stifel Nicolaus raised their price target on Hershey from $185.00 to $195.00 and gave the company a “hold” rating in a research report on Thursday, December 11th. Barclays set a $210.00 price objective on Hershey in a research note on Friday, January 16th. Finally, Evercore ISI restated a “positive” rating on shares of Hershey in a research note on Friday, October 31st. Six investment analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company. According to MarketBeat, Hershey has an average rating of “Hold” and an average price target of $191.79.

Get Our Latest Analysis on HSY

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Hershey Profile

(Free Report)

The Hershey Company (NYSE: HSY) is a leading North American chocolatier and snack manufacturer headquartered in Hershey, Pennsylvania. The company develops, produces and markets a wide range of confectionery and snack products for retail, foodservice and international customers. Hershey’s business spans manufacturing, branded product marketing, packaging and distribution across grocery, convenience, mass merchant and e-commerce channels.

Hershey’s product portfolio centers on chocolate and sugar confectionery, including core brands such as Hershey’s, Reese’s, Hershey’s Kisses and Twizzlers, alongside non-chocolate snacks and confectionery brands.

Further Reading

Want to see what other hedge funds are holding HSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hershey Company (The) (NYSE:HSYFree Report).

Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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