Accurate Wealth Management LLC Purchases 309 Shares of The Hershey Company (NYSE:HSY)

Accurate Wealth Management LLC raised its position in The Hershey Company (NYSE:HSY) by 20.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,806 shares of the company’s stock after buying an additional 309 shares during the quarter. Accurate Wealth Management LLC’s holdings in Hershey were worth $286,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HSY. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Hershey during the third quarter valued at about $1,337,000. Principal Financial Group Inc. lifted its stake in shares of Hershey by 66.7% during the 3rd quarter. Principal Financial Group Inc. now owns 972,836 shares of the company’s stock valued at $186,571,000 after buying an additional 389,404 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Hershey by 61.9% in the 3rd quarter. HighTower Advisors LLC now owns 120,159 shares of the company’s stock worth $23,052,000 after buying an additional 45,936 shares during the period. Pensionfund Sabic grew its stake in Hershey by 55.6% in the 4th quarter. Pensionfund Sabic now owns 8,400 shares of the company’s stock valued at $1,423,000 after buying an additional 3,000 shares in the last quarter. Finally, Clark & Stuart Inc bought a new stake in Hershey during the 4th quarter valued at $654,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Hershey Price Performance

Shares of NYSE:HSY opened at $154.13 on Friday. The company’s fifty day moving average is $172.69 and its 200 day moving average is $184.81. 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 Hershey Company has a 52 week low of $150.31 and a 52 week high of $211.92. The stock has a market cap of $31.19 billion, a PE ratio of 17.76, a PEG ratio of 4.31 and a beta of 0.38.

Hershey Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, November 18th were paid a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date was Monday, November 18th. Hershey’s dividend payout ratio (DPR) is presently 63.13%.

Analyst Ratings Changes

HSY has been the subject of several recent research reports. Redburn Atlantic initiated coverage on Hershey in a research report on Tuesday, October 22nd. They issued a “sell” rating and a $165.00 price target for the company. TD Cowen reduced their target price on Hershey from $190.00 to $172.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. UBS Group cut their price objective on shares of Hershey from $189.00 to $163.00 and set a “neutral” rating for the company in a research report on Thursday. Jefferies Financial Group lowered their target price on shares of Hershey from $163.00 to $161.00 and set an “underperform” rating on the stock in a research note on Thursday, October 31st. Finally, Bank of America reaffirmed a “neutral” rating and issued a $180.00 price target on shares of Hershey in a report on Thursday, December 12th. Six investment analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the stock. According to data from MarketBeat.com, Hershey currently has an average rating of “Hold” and a consensus price target of $177.47.

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.