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Burke & Herbert Bank reduced its stake in Hershey, but the company reported strong earnings and raised its dividend.
Burke & Herbert Bank & Trust Co. reduced its holdings of The Hershey Company by 2.5%, while other investors like State Street Corp and Asset Management One Co. Ltd. have increased their stakes.
The company reported strong earnings, surpassing analysts' expectations, and announced a quarterly dividend of $1.37, with a market cap of $31.97 billion and a P/E ratio of 14.49.
The stock has a "Hold" consensus rating and a target price of $164.15.
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Burke & Herbert Bank redujo su participación en Hershey, pero la compañía reportó fuertes ganancias y aumentó su dividendo.