LMR Partners LLP Invests $624,000 in Hershey Co (HSY) Stock
LMR Partners LLP purchased a new position in Hershey Co (NYSE:HSY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,823 shares of the company’s stock, valued at approximately $624,000.
Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. grew its position in Hershey by 6.7% in the third quarter. JPMorgan Chase & Co. now owns 129,031 shares of the company’s stock worth $13,161,000 after buying an additional 8,063 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in Hershey by 6.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 33,282 shares of the company’s stock worth $3,395,000 after buying an additional 1,922 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in Hershey by 2.5% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 473,738 shares of the company’s stock worth $48,321,000 after buying an additional 11,365 shares during the last quarter. Victory Capital Management Inc. grew its position in Hershey by 5.5% in the fourth quarter. Victory Capital Management Inc. now owns 156,085 shares of the company’s stock worth $16,729,000 after buying an additional 8,098 shares during the last quarter. Finally, Ipswich Investment Management Co. Inc. grew its position in Hershey by 1.2% in the fourth quarter. Ipswich Investment Management Co. Inc. now owns 10,245 shares of the company’s stock worth $1,098,000 after buying an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 51.53% of the company’s stock.
Several equities analysts have weighed in on HSY shares. ValuEngine cut shares of Hershey from a “buy” rating to a “hold” rating in a research report on Thursday, January 24th. Zacks Investment Research upgraded shares of Hershey from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a research report on Monday, December 31st. Finally, Bank of America upgraded shares of Hershey from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $92.00 to $120.00 in a research report on Wednesday, December 19th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. Hershey currently has an average rating of “Hold” and a consensus target price of $102.25.
NYSE HSY opened at $110.79 on Friday. Hershey Co has a twelve month low of $89.10 and a twelve month high of $112.45. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.60 and a current ratio of 0.93. The company has a market cap of $23.10 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 2.30 and a beta of 0.14.
Hershey (NYSE:HSY) last posted its quarterly earnings data on Thursday, January 31st. The company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.01). Hershey had a return on equity of 95.97% and a net margin of 15.11%. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the firm posted $1.03 earnings per share. As a group, equities analysts expect that Hershey Co will post 5.66 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 22nd were given a dividend of $0.722 per share. This represents a $2.89 annualized dividend and a yield of 2.61%. The ex-dividend date was Thursday, February 21st. Hershey’s payout ratio is 53.92%.
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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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