Healthcare of Ontario Pension Plan Trust Fund Has $1.30 Million Holdings in The Hershey Company (NYSE:HSY)

Healthcare of Ontario Pension Plan Trust Fund cut its position in shares of The Hershey Company (NYSE:HSY) by 65.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,772 shares of the company’s stock after selling 12,749 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Hershey were worth $1,299,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Hershey in the 3rd quarter worth approximately $1,337,000. LPL Financial LLC boosted its position in shares of Hershey by 10.0% in the second quarter. LPL Financial LLC now owns 320,680 shares of the company’s stock worth $58,951,000 after buying an additional 29,246 shares during the period. MAI Capital Management boosted its position in shares of Hershey by 11.6% in the third quarter. MAI Capital Management now owns 123,160 shares of the company’s stock worth $23,620,000 after buying an additional 12,832 shares during the period. Portfolio Design Labs LLC purchased a new position in shares of Hershey during the third quarter valued at $1,852,000. Finally, Advisors Asset Management Inc. raised its position in Hershey by 18.9% during the third quarter. Advisors Asset Management Inc. now owns 28,085 shares of the company’s stock valued at $5,386,000 after buying an additional 4,464 shares during the period. 57.96% of the stock is currently owned by institutional investors and hedge funds.

Hershey Trading Up 1.2 %

Shares of HSY stock opened at $176.13 on Monday. The Hershey Company has a 12 month low of $168.16 and a 12 month high of $211.92. The company has a market cap of $35.64 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 4.22 and a beta of 0.38. 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 business’s 50 day moving average is $182.20 and its two-hundred day moving average is $189.81.

Hershey Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 3.11%. Hershey’s payout ratio is presently 63.13%.

Wall Street Analysts Forecast Growth

HSY has been the topic of several research analyst reports. Piper Sandler lifted their target price on Hershey from $165.00 to $168.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Stifel Nicolaus lowered their price objective on shares of Hershey from $195.00 to $180.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Redburn Atlantic began coverage on shares of Hershey in a research report on Tuesday, October 22nd. They issued a “sell” rating and a $165.00 target price for the company. The Goldman Sachs Group assumed coverage on shares of Hershey in a research note on Monday, August 12th. They set a “sell” rating and a $185.00 target price for the company. Finally, JPMorgan Chase & Co. cut their price objective on Hershey from $188.00 to $180.00 and set a “neutral” rating for the company in a report on Monday, October 14th. Five investment analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Hershey currently has an average rating of “Hold” and an average target price of $189.33.

Hershey 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.