Turtle Creek Wealth Advisors LLC Has $2.41 Million Holdings in The Hershey Company (NYSE:HSY)

Turtle Creek Wealth Advisors LLC cut its holdings in The Hershey Company (NYSE:HSY) by 35.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,252 shares of the company’s stock after selling 7,975 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Hershey were worth $2,414,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of Hershey in the third quarter worth about $25,000. Grove Bank & Trust lifted its holdings in shares of Hershey by 248.0% in the fourth quarter. Grove Bank & Trust now owns 174 shares of the company’s stock worth $29,000 after acquiring an additional 124 shares during the last quarter. ST Germain D J Co. Inc. lifted its holdings in shares of Hershey by 61.7% in the fourth quarter. ST Germain D J Co. Inc. now owns 262 shares of the company’s stock worth $44,000 after acquiring an additional 100 shares during the last quarter. Peterson Financial Group Inc. bought a new position in shares of Hershey in the third quarter worth about $46,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of Hershey in the third quarter worth about $48,000. Institutional investors own 57.96% of the company’s stock.

Hershey Stock Performance

Shares of HSY stock opened at $152.00 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.76. The firm has a 50 day moving average of $167.44 and a 200-day moving average of $182.29. The Hershey Company has a 52 week low of $147.60 and a 52 week high of $211.92. The company has a market cap of $30.76 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 4.28 and a beta of 0.38.

Hershey Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, November 18th were paid a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Monday, November 18th. Hershey’s dividend payout ratio (DPR) is presently 63.13%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HSY. Redburn Atlantic began coverage on shares of Hershey in a report on Tuesday, October 22nd. They issued a “sell” rating and a $165.00 price objective for the company. Citigroup dropped their price objective on shares of Hershey from $165.00 to $159.00 and set a “sell” rating for the company in a report on Wednesday, January 8th. TD Cowen dropped their price objective on shares of Hershey from $190.00 to $172.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus dropped their price objective on shares of Hershey from $180.00 to $170.00 and set a “hold” rating for the company in a report on Friday, January 24th. Finally, Piper Sandler lowered shares of Hershey from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $153.00 to $120.00 in a report on Friday. Seven research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $170.05.

About Hershey

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.