Clearstead Trust LLC Has $56,000 Stock Holdings in The Hershey Company (NYSE:HSY)

Clearstead Trust LLC decreased its position in shares of The Hershey Company (NYSE:HSY) by 96.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 302 shares of the company’s stock after selling 7,653 shares during the quarter. Clearstead Trust LLC’s holdings in Hershey were worth $56,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Capital Advisors Ltd. LLC lifted its holdings in Hershey by 218.2% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 140 shares of the company’s stock worth $26,000 after buying an additional 96 shares in the last quarter. Riverview Trust Co acquired a new position in Hershey during the 1st quarter worth $29,000. GHP Investment Advisors Inc. lifted its holdings in Hershey by 55.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 155 shares of the company’s stock worth $28,000 after buying an additional 55 shares in the last quarter. OFI Invest Asset Management acquired a new position in Hershey during the 2nd quarter worth $29,000. Finally, Crewe Advisors LLC bought a new stake in shares of Hershey during the 1st quarter valued at $35,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

Insider Activity

In other news, CAO Jennifer Mccalman sold 538 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $199.17, for a total value of $107,153.46. Following the completion of the transaction, the chief accounting officer now owns 3,238 shares in the company, valued at approximately $644,912.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Steven E. Voskuil sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $190.83, for a total value of $286,245.00. Following the completion of the transaction, the chief financial officer now owns 34,228 shares in the company, valued at approximately $6,531,729.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jennifer Mccalman sold 538 shares of Hershey stock in a transaction dated Monday, August 12th. The stock was 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 of the company’s stock, valued at approximately $644,912.46. The disclosure for this sale can be found here. Insiders sold 3,538 shares of company stock worth $667,793 in the last quarter. Corporate insiders own 0.34% of the company’s stock.

Hershey Stock Performance

HSY opened at $200.81 on Tuesday. The business’s 50-day moving average price is $195.43 and its two-hundred day moving average price is $193.83. The Hershey Company has a 1 year low of $178.82 and a 1 year high of $213.72. The company has a market capitalization of $40.61 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 5.77 and a beta of 0.37. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.48.

Hershey (NYSE:HSY) last released its quarterly earnings results on Thursday, August 1st. The company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.17). Hershey had a net margin of 16.76% and a return on equity of 45.36%. The firm 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 business earned $2.01 EPS. The business’s revenue for the quarter was down 16.7% compared to the same quarter last year. Equities analysts expect that The Hershey Company will post 9.5 EPS for the current fiscal year.

Hershey Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 16th were issued a $1.37 dividend. This represents a $5.48 annualized dividend and a dividend yield of 2.73%. The ex-dividend date was Friday, August 16th. Hershey’s payout ratio is 54.31%.

Analyst Ratings Changes

Several analysts have commented on HSY shares. Royal Bank of Canada dropped their target price on shares of Hershey from $209.00 to $205.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd. Sanford C. Bernstein dropped their target price on shares of Hershey from $237.00 to $230.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Hershey from $191.00 to $199.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Piper Sandler reiterated a “neutral” rating and set a $179.00 target price on shares of Hershey in a research report on Friday, June 21st. Finally, Bank of America dropped their target price on shares of Hershey from $210.00 to $200.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Hershey presently has a consensus rating of “Hold” and a consensus target price of $203.21.

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.