Crew Capital Management Ltd. Grows Stock Position in The Hershey Company (NYSE:HSY)

Crew Capital Management Ltd. increased its holdings in shares of The Hershey Company (NYSE:HSY) by 16.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,247 shares of the company’s stock after buying an additional 760 shares during the quarter. Crew Capital Management Ltd.’s holdings in Hershey were worth $1,006,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Capital Advisors Ltd. LLC grew its stake in shares of Hershey by 218.2% in the second quarter. Capital Advisors Ltd. LLC now owns 140 shares of the company’s stock valued at $26,000 after buying an additional 96 shares in the last quarter. GHP Investment Advisors Inc. grew its stake in shares of Hershey by 55.0% in the second quarter. GHP Investment Advisors Inc. now owns 155 shares of the company’s stock valued at $28,000 after buying an additional 55 shares in the last quarter. Riverview Trust Co acquired a new stake in shares of Hershey in the first quarter valued at about $29,000. OFI Invest Asset Management acquired a new stake in shares of Hershey in the second quarter valued at about $29,000. Finally, Crewe Advisors LLC acquired a new stake in Hershey during the 1st quarter valued at approximately $35,000. 57.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Steven E. Voskuil sold 1,500 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $190.83, for a total transaction of $286,245.00. Following the completion of the transaction, the chief financial officer now owns 34,228 shares of the company’s stock, valued at approximately $6,531,729.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Steven E. Voskuil sold 1,500 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $190.83, for a total transaction of $286,245.00. Following the completion of the transaction, the chief financial officer now owns 34,228 shares of the company’s stock, valued at approximately $6,531,729.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jennifer Mccalman sold 538 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were 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 $644,912.46. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.34% of the stock is owned by insiders.

Hershey Stock Down 0.9 %

HSY traded down $1.63 during trading on Monday, reaching $184.05. 322,654 shares of the stock traded hands, compared to its average volume of 1,677,401. The stock has a market cap of $37.22 billion, a price-to-earnings ratio of 18.45, a price-to-earnings-growth ratio of 5.44 and a beta of 0.37. The Hershey Company has a fifty-two week low of $178.82 and a fifty-two week high of $211.92. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.48. The stock’s 50-day simple moving average is $194.01 and its two-hundred day simple moving average is $193.11.

Hershey (NYSE:HSY) last announced 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). Hershey had a return on equity of 45.36% and a net margin of 16.76%. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period in the prior year, the firm earned $2.01 EPS. Hershey’s quarterly revenue was down 16.7% on a year-over-year basis. As a group, equities research analysts expect that The Hershey Company will post 9.47 EPS for the current year.

Hershey Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 16th were given a dividend of $1.37 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $5.48 annualized dividend and a dividend yield of 2.98%. Hershey’s dividend payout ratio is presently 54.31%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Sanford C. Bernstein lowered Hershey from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $230.00 to $205.00 in a research note on Monday, October 7th. Citigroup lowered Hershey from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $195.00 to $182.00 in a research note on Tuesday, August 27th. Bank of America lowered their price objective on Hershey from $200.00 to $195.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. UBS Group lowered Hershey from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $226.00 to $209.00 in a research note on Monday, October 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Hershey from $191.00 to $199.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Four investment analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $195.00.

Hershey 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.