Strategic Blueprint LLC Buys Shares of 1,182 The Hershey Company (NYSE:HSY)

Strategic Blueprint LLC purchased a new position in shares of The Hershey Company (NYSE:HSY) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,182 shares of the company’s stock, valued at approximately $227,000.

Several other hedge funds also recently made changes to their positions in HSY. First Trust Direct Indexing L.P. grew its position in Hershey by 5.9% in the first quarter. First Trust Direct Indexing L.P. now owns 5,425 shares of the company’s stock valued at $1,055,000 after purchasing an additional 300 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Hershey by 11.8% during the 1st quarter. Van ECK Associates Corp now owns 28,392 shares of the company’s stock worth $5,523,000 after purchasing an additional 3,003 shares during the last quarter. Norden Group LLC bought a new stake in shares of Hershey during the 1st quarter worth approximately $374,000. Private Advisor Group LLC grew its stake in shares of Hershey by 6.1% in the first quarter. Private Advisor Group LLC now owns 19,179 shares of the company’s stock valued at $3,730,000 after buying an additional 1,099 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Hershey by 119.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 91,766 shares of the company’s stock worth $19,633,000 after buying an additional 50,014 shares during the last quarter. 57.96% of the stock is owned by institutional investors.

Insider Buying and Selling at Hershey

In other news, CAO Jennifer Mccalman sold 538 shares of Hershey stock in a transaction on Monday, August 12th. The stock was sold at an average price of $199.17, for a total value of $107,153.46. Following the transaction, the chief accounting officer now owns 3,238 shares in the company, valued at approximately $644,912.46. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.34% of the company’s stock.

Hershey Stock Up 0.9 %

HSY stock opened at $179.26 on Friday. The Hershey Company has a 52 week low of $176.78 and a 52 week high of $211.92. The business has a 50-day simple moving average of $190.76 and a 200 day simple moving average of $192.39. The company has a quick ratio of 0.48, a current ratio of 0.86 and a debt-to-equity ratio of 0.87. The company has a market cap of $36.26 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 4.09 and a beta of 0.37.

Hershey (NYSE:HSY) last issued its quarterly earnings results on Thursday, August 1st. The company reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.17). The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.30 billion. Hershey had a return on equity of 45.36% and a net margin of 16.76%. The business’s revenue was down 16.7% on a year-over-year basis. During the same period last year, the company posted $2.01 EPS. Sell-side analysts anticipate that The Hershey Company will post 9.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HSY. Piper Sandler decreased their price objective on shares of Hershey from $179.00 to $165.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Stifel Nicolaus dropped their price objective on Hershey from $195.00 to $180.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Bank of America reduced their price objective on shares of Hershey from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Sanford C. Bernstein downgraded shares of Hershey from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $230.00 to $205.00 in a report on Monday, October 7th. Finally, Citigroup cut shares of Hershey from a “neutral” rating to a “sell” rating and lowered their price target for the company from $195.00 to $182.00 in a report on Tuesday, August 27th. Five equities research analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $191.61.

Hershey Company Profile

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; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.