Brookstone Capital Management Increases Position in The Hershey Company

Brookstone Capital Management has raised its stake in The Hershey Company by 11.6% in the second quarter, as stated in its recent filing with the Securities and Exchange Commission. The firm now owns 12,277 shares of Hershey stock, worth $2,983,000. Other institutional investors, such as Norges Bank and GQG Partners, have also increased their positions in Hershey.

Hershey’s stock price has been fluctuating recently, opening at $212.46 on Tuesday with a 50-day moving average of $225.21. The company’s market capitalization is $43.44 billion, and it has a debt-to-equity ratio of 1.11. The firm reported earnings of $2.01 per share for the last quarter, beating analysts’ estimates of $1.89 per share. Equities analysts predict that Hershey will post earnings per share of 9.55 for the current fiscal year.

In other Hershey news, the company recently announced that it has increased its quarterly dividend from $1.04 per share to $1.192 per share. This represents a 2.24% yield, and the company’s payout ratio is currently 54.89%. Additionally, there has been insider activity at Hershey, with major stakeholders selling shares of the company’s stock.

A number of research firms have commented on Hershey’s stock, with TD Cowen giving it an “outperform” rating and a target price of $250.00. However, other research firms have lowered their target prices for the stock. Despite this, the stock has an average rating of “Hold” according to MarketBeat.

The Hershey Company is a confectionery manufacturer and seller, operating in the United States and internationally. The company offers a range of chocolate and non-chocolate products.