Curi RMB Capital LLC Has $461,000 Stock Position in The Hershey Company (NYSE:HSY)

Curi RMB Capital LLC cut its holdings in The Hershey Company (NYSE:HSY) by 13.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,404 shares of the company’s stock after selling 367 shares during the quarter. Curi RMB Capital LLC’s holdings in Hershey were worth $461,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HSY. GHP Investment Advisors Inc. increased its stake in Hershey by 55.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 155 shares of the company’s stock valued at $28,000 after purchasing an additional 55 shares in the last quarter. Burns J W & Co. Inc. NY grew its holdings in Hershey by 0.8% during the third quarter. Burns J W & Co. Inc. NY now owns 7,355 shares of the company’s stock worth $1,411,000 after buying an additional 58 shares in the last quarter. Wesbanco Bank Inc. raised its position in Hershey by 3.7% in the 2nd quarter. Wesbanco Bank Inc. now owns 1,673 shares of the company’s stock valued at $308,000 after buying an additional 59 shares during the last quarter. Brighton Jones LLC lifted its stake in Hershey by 2.3% during the 2nd quarter. Brighton Jones LLC now owns 2,631 shares of the company’s stock valued at $484,000 after acquiring an additional 59 shares in the last quarter. Finally, Valley Brook Capital Group Inc. boosted its holdings in Hershey by 1.5% during the 2nd quarter. Valley Brook Capital Group Inc. now owns 4,067 shares of the company’s stock worth $748,000 after acquiring an additional 61 shares during the last quarter. Institutional investors own 57.96% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on HSY shares. 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. Citigroup downgraded shares of Hershey from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $195.00 to $182.00 in a report on Tuesday, August 27th. Argus lowered Hershey from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th. Royal Bank of Canada cut their price objective on shares of Hershey from $205.00 to $183.00 and set a “sector perform” rating for the company in a research report on Friday, November 8th. Finally, Stifel Nicolaus reduced their target price on Hershey from $195.00 to $180.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Five research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to MarketBeat.com, Hershey has an average rating of “Hold” and a consensus target price of $189.33.

Hershey Stock Performance

Shares of HSY stock opened at $170.92 on Friday. The company has a market capitalization of $34.58 billion, a P/E ratio of 19.69, a PEG ratio of 4.42 and a beta of 0.38. The Hershey Company has a fifty-two week low of $170.58 and a fifty-two week high of $211.92. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.54 and a current ratio of 0.85. The stock has a 50 day moving average price of $187.31 and a two-hundred day moving average price of $191.81.

Hershey Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, November 18th will be given a dividend of $1.37 per share. The ex-dividend date is Monday, November 18th. This represents a $5.48 annualized dividend and a yield of 3.21%. Hershey’s payout ratio is currently 63.13%.

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.