Check Capital Management Inc. CA Has $26.40 Million Stock Position in The Hershey Company (NYSE:HSY)

Check Capital Management Inc. CA increased its position in The Hershey Company (NYSE:HSY) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,662 shares of the company’s stock after buying an additional 792 shares during the period. Hershey accounts for approximately 0.8% of Check Capital Management Inc. CA’s investment portfolio, making the stock its 12th biggest holding. Check Capital Management Inc. CA owned about 0.07% of Hershey worth $26,401,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in shares of Hershey in the 3rd quarter worth about $25,000. Capital Advisors Ltd. LLC lifted its holdings 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 purchasing an additional 96 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in shares of Hershey by 55.0% during 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 during the last quarter. OFI Invest Asset Management bought a new stake in Hershey during the second quarter worth $29,000. Finally, Crewe Advisors LLC purchased a new stake in Hershey in the 1st quarter valued at $35,000. 57.96% of the stock is owned by institutional investors.

Hershey Stock Down 3.1 %

HSY opened at $178.77 on Friday. The firm has a market capitalization of $36.16 billion, a P/E ratio of 20.60, a price-to-earnings-growth ratio of 4.42 and a beta of 0.38. The Hershey Company has a one year low of $171.67 and a one year high of $211.92. The company has a fifty day moving average price of $188.28 and a 200-day moving average price of $192.05. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.85 and a quick ratio of 0.54.

Hershey Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, November 18th will be paid a $1.37 dividend. The ex-dividend date is Monday, November 18th. This represents a $5.48 dividend on an annualized basis and a yield of 3.07%. Hershey’s dividend payout ratio is currently 63.13%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on HSY shares. The Goldman Sachs Group started coverage on shares of Hershey in a research note on Monday, August 12th. They issued a “sell” rating and a $185.00 target price for the company. Stifel Nicolaus reduced their price objective on shares of Hershey from $195.00 to $180.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Sanford C. Bernstein cut shares of Hershey from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $230.00 to $205.00 in a research report on Monday, October 7th. Barclays reduced their target price on Hershey from $202.00 to $180.00 and set an “equal weight” rating for the company in a report on Monday. Finally, Citigroup lowered Hershey from a “neutral” rating to a “sell” rating and dropped their price target for the stock 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 assigned a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $189.33.

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.