Nicholas Hoffman & Company LLC. Has $541,000 Stake in The Hershey Company (NYSE:HSY)

Nicholas Hoffman & Company LLC. grew its holdings in The Hershey Company (NYSE:HSY) by 10.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,103 shares of the company’s stock after buying an additional 302 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in The Hershey were worth $541,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HSY. Dimensional Fund Advisors LP lifted its position in shares of The Hershey by 13.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 710,596 shares of the company’s stock valued at $108,236,000 after buying an additional 82,099 shares during the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in shares of The Hershey in the first quarter valued at approximately $27,000. Commonwealth Equity Services LLC lifted its position in shares of The Hershey by 2.6% in the first quarter. Commonwealth Equity Services LLC now owns 66,000 shares of the company’s stock valued at $10,438,000 after buying an additional 1,657 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of The Hershey by 2.8% in the first quarter. Envestnet Asset Management Inc. now owns 62,138 shares of the company’s stock valued at $9,828,000 after buying an additional 1,702 shares during the last quarter. Finally, Natixis Advisors L.P. increased its stake in shares of The Hershey by 5.7% during the first quarter. Natixis Advisors L.P. now owns 38,980 shares of the company’s stock worth $6,165,000 after purchasing an additional 2,114 shares during the period. 52.34% of the stock is owned by institutional investors.

In related news, Director Pamela M. Arway sold 319 shares of the business’s stock in a transaction dated Thursday, July 8th. The stock was sold at an average price of $175.88, for a total value of $56,105.72. Following the completion of the sale, the director now directly owns 15,861 shares of the company’s stock, valued at approximately $2,789,632.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michele Buck sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 28th. The stock was sold at an average price of $175.15, for a total value of $437,875.00. Following the sale, the chief executive officer now directly owns 180,497 shares of the company’s stock, valued at $31,614,049.55. The disclosure for this sale can be found here. Insiders sold a total of 15,079 shares of company stock worth $2,674,010 over the last three months. 0.32% of the stock is owned by company insiders.

A number of brokerages have recently weighed in on HSY. Credit Suisse Group increased their target price on The Hershey from $180.00 to $194.00 and gave the stock an “outperform” rating in a research note on Friday, July 30th. Royal Bank of Canada raised their price objective on The Hershey from $188.00 to $189.00 and gave the stock an “outperform” rating in a research note on Friday, July 30th. Piper Sandler raised their price objective on The Hershey from $182.00 to $194.00 and gave the stock an “overweight” rating in a research note on Friday, July 30th. Deutsche Bank Aktiengesellschaft raised their price objective on The Hershey from $166.00 to $173.00 and gave the stock a “hold” rating in a research note on Thursday, July 22nd. Finally, BMO Capital Markets raised their price objective on The Hershey from $175.00 to $181.00 and gave the stock an “outperform” rating in a research note on Friday, July 30th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, The Hershey has an average rating of “Buy” and a consensus target price of $175.38.

Shares of HSY opened at $174.55 on Wednesday. The company has a market capitalization of $35.96 billion, a PE ratio of 25.37, a PEG ratio of 3.30 and a beta of 0.36. The company has a current ratio of 1.40, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80. The stock’s 50-day moving average price is $177.85 and its two-hundred day moving average price is $169.43. The Hershey Company has a 12 month low of $134.00 and a 12 month high of $182.71.

The Hershey (NYSE:HSY) last announced its quarterly earnings data on Thursday, July 29th. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.85 billion. The Hershey had a return on equity of 63.62% and a net margin of 16.52%. Equities research analysts predict that The Hershey Company will post 6.92 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 15th. Stockholders of record on Friday, August 20th will be paid a $0.901 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.06%. This is an increase from The Hershey’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Thursday, August 19th. The Hershey’s payout ratio is currently 57.23%.

The Hershey Profile

The Hershey Co engages in the manufacture and market of chocolate and sugar confectionery products. The firm operates through the following geographical segments: North America; and International and Other. The North America segment is responsible for the traditional chocolate and non-chocolate confectionery market position of the company, as well as its grocery and snacks market positions, in the United States and Canada.

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Institutional Ownership by Quarter for The Hershey (NYSE:HSY)

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