Perella Weinberg Partners Capital Management LP Has $2.66 Million Position in Hershey Co (NYSE:HSY)

Perella Weinberg Partners Capital Management LP raised its stake in Hershey Co (NYSE:HSY) by 102.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,797 shares of the company’s stock after acquiring an additional 12,562 shares during the quarter. Perella Weinberg Partners Capital Management LP’s holdings in Hershey were worth $2,658,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Csenge Advisory Group purchased a new stake in Hershey during the third quarter worth approximately $31,000. CWM LLC raised its stake in Hershey by 749.2% during the fourth quarter. CWM LLC now owns 552 shares of the company’s stock worth $59,000 after buying an additional 487 shares during the last quarter. HighPoint Advisor Group LLC bought a new position in shares of Hershey in the 3rd quarter worth $174,000. Clean Yield Group bought a new stake in shares of Hershey in the fourth quarter worth approximately $182,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Hershey during the third quarter valued at $202,000. 51.50% of the stock is currently owned by hedge funds and other institutional investors.

HSY stock opened at $109.14 on Thursday. The company has a market capitalization of $23.04 billion, a PE ratio of 20.36, a P/E/G ratio of 2.26 and a beta of 0.16. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.60 and a current ratio of 0.93. Hershey Co has a 1-year low of $89.10 and a 1-year high of $110.30.

Hershey (NYSE:HSY) last posted its quarterly earnings results on Thursday, January 31st. The company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.01). The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2.01 billion. Hershey had a net margin of 15.11% and a return on equity of 95.97%. During the same period last year, the company earned $1.03 EPS. Analysts forecast that Hershey Co will post 5.66 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, February 22nd will be given a $0.722 dividend. This represents a $2.89 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Thursday, February 21st. Hershey’s payout ratio is presently 53.92%.

A number of analysts recently issued reports on HSY shares. Piper Jaffray Companies set a $105.00 price objective on Hershey and gave the stock a “hold” rating in a research report on Friday, October 26th. Susquehanna Bancshares upped their price objective on shares of Hershey from $109.00 to $114.00 and gave the company a “neutral” rating in a research report on Tuesday, October 23rd. ValuEngine lowered shares of Hershey from a “buy” rating to a “hold” rating in a report on Thursday, January 24th. Zacks Investment Research raised shares of Hershey from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a report on Monday, December 31st. Finally, Bank of America upgraded shares of Hershey from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $92.00 to $120.00 in a research report on Wednesday, December 19th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. Hershey presently has a consensus rating of “Hold” and an average price target of $102.25.

In other Hershey news, CEO Michele Buck sold 1,500 shares of the business’s stock in a transaction dated Thursday, December 20th. The shares were sold at an average price of $106.68, for a total transaction of $160,020.00. Following the sale, the chief executive officer now directly owns 167,894 shares in the company, valued at $17,910,931.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 4,500 shares of company stock valued at $484,095. Corporate insiders own 0.87% of the company’s stock.

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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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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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