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Investment firm cuts in holdings signal reduced confidence in Hershey, stock rated "Hold."
Investment firm Covington Investment Advisors Inc. reduced its holdings in The Hershey Company (HSY) by selling 4,940 shares in the fourth quarter, while Heartland Advisors Inc. decreased its stake by 23.4%, selling 23,848 shares.
Hershey's stock opened at $170.79, with a market cap of $34.57 billion.
The company reported a net margin of 19.83% and a return on equity of 44.77% recently.
Its stock has an average price target of $162.50 and a consensus rating of "Hold."
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Los recortes de las empresas de inversión en tenencias indican una menor confianza en Hershey, acciones calificadas como "Hold".