Toronto Dominion Bank boosted its stake in The Hershey Company (NYSE:HSY – Get Rating) by 244.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 287,008 shares of the company’s stock after acquiring an additional 203,730 shares during the period. Toronto Dominion Bank owned 0.14% of Hershey worth $55,526,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in HSY. Addison Advisors LLC bought a new position in shares of Hershey during the 4th quarter worth approximately $31,000. FSB Premier Wealth Management Inc. bought a new position in shares of Hershey during the 4th quarter worth approximately $31,000. AdvisorNet Financial Inc boosted its holdings in shares of Hershey by 50.4% during the 4th quarter. AdvisorNet Financial Inc now owns 173 shares of the company’s stock worth $33,000 after buying an additional 58 shares in the last quarter. Bell Investment Advisors Inc bought a new position in shares of Hershey during the 3rd quarter worth approximately $34,000. Finally, D Orazio & Associates Inc. boosted its holdings in shares of Hershey by 84.4% during the 3rd quarter. D Orazio & Associates Inc. now owns 295 shares of the company’s stock worth $50,000 after buying an additional 135 shares in the last quarter. Institutional investors and hedge funds own 51.67% of the company’s stock.
NYSE HSY traded down $0.26 on Monday, reaching $225.72. The company had a trading volume of 9,017 shares, compared to its average volume of 1,051,819. The stock has a market capitalization of $46.33 billion, a P/E ratio of 31.79, a P/E/G ratio of 3.72 and a beta of 0.40. The company’s fifty day moving average is $210.26 and its 200 day moving average is $194.43. The Hershey Company has a 52-week low of $157.94 and a 52-week high of $228.46. The company has a quick ratio of 0.50, a current ratio of 0.90 and a debt-to-equity ratio of 1.48.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Friday, February 18th were given a dividend of $0.901 per share. This represents a $3.60 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Thursday, February 17th. Hershey’s dividend payout ratio is presently 50.63%.
A number of equities analysts have issued reports on HSY shares. Stifel Nicolaus increased their price target on Hershey from $190.00 to $200.00 and gave the stock a “hold” rating in a report on Friday, February 4th. Mizuho increased their target price on Hershey from $196.00 to $200.00 and gave the stock a “neutral” rating in a report on Friday, February 4th. Credit Suisse Group increased their target price on Hershey from $214.00 to $227.00 and gave the stock an “outperform” rating in a report on Friday, February 4th. Bank of America increased their target price on Hershey from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, February 4th. Finally, Evercore ISI increased their target price on Hershey from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday, February 4th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Hershey has an average rating of “Buy” and a consensus target price of $213.00.
In other news, SVP James Turoff sold 5,402 shares of the firm’s stock in a transaction on Thursday, January 27th. The stock was sold at an average price of $195.67, for a total transaction of $1,057,009.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Charles R. Raup sold 1,025 shares of the stock in a transaction on Tuesday, February 22nd. The stock was sold at an average price of $202.15, for a total value of $207,203.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,018,187 shares of company stock valued at $207,120,300. Insiders own 0.32% of the company’s stock.
Hershey Company Profile (Get Rating)
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; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, meat snacks, bars and snack bites, mixes, popcorn, and protein bars.
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