Tokio Marine Asset Management Co. Ltd. Buys 430 Shares of The Hershey Company (NYSE:HSY)

Tokio Marine Asset Management Co. Ltd. lifted its stake in The Hershey Company (NYSE:HSY) by 11.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,230 shares of the company’s stock after acquiring an additional 430 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Hershey were worth $811,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sei Investments Co. lifted its holdings in shares of Hershey by 2.2% during the 1st quarter. Sei Investments Co. now owns 54,540 shares of the company’s stock valued at $10,608,000 after buying an additional 1,168 shares during the period. Bleakley Financial Group LLC lifted its holdings in Hershey by 7.5% in the first quarter. Bleakley Financial Group LLC now owns 1,966 shares of the company’s stock valued at $382,000 after acquiring an additional 138 shares during the period. Orion Portfolio Solutions LLC boosted its position in Hershey by 32.4% in the first quarter. Orion Portfolio Solutions LLC now owns 12,472 shares of the company’s stock worth $2,426,000 after purchasing an additional 3,052 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in shares of Hershey by 31.3% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 3,676 shares of the company’s stock valued at $715,000 after purchasing an additional 876 shares during the period. Finally, Tocqueville Asset Management L.P. increased its position in shares of Hershey by 33.3% during the 1st quarter. Tocqueville Asset Management L.P. now owns 1,602 shares of the company’s stock valued at $312,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 57.96% of the company’s stock.

Hershey Stock Performance

Shares of NYSE:HSY opened at $170.92 on Friday. The firm has a fifty day simple moving average of $187.89 and a two-hundred day simple moving average of $191.96. 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 stock 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 52 week low of $170.58 and a 52 week high of $211.92.

Hershey Announces Dividend

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

Analyst Ratings Changes

HSY has been the topic of several recent research reports. The Goldman Sachs Group started coverage on shares of Hershey in a research report on Monday, August 12th. They issued a “sell” rating and a $185.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on Hershey from $191.00 to $199.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. UBS Group cut Hershey from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $226.00 to $209.00 in a research report on Monday, October 7th. Stifel Nicolaus lowered their price objective on Hershey from $195.00 to $180.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Finally, Citigroup lowered shares of Hershey from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $195.00 to $182.00 in a report on Tuesday, August 27th. Five research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.