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Advisors Capital Management LLC Buys 78,313 Shares of Hershey Company (The) $HSY
Advisors Capital Management LLC significantly increased its stake in The Hershey Company (HSY) by 1,574.1% in the fourth quarter, acquiring 78,313 additional shares to hold a total of 83,288 shares valued at approximately $15.16 million. This move comes amid mixed analyst sentiments, with a consensus “Hold” rating, though Goldman Sachs has initiated a “Buy” and Morgan Stanley maintains an “Overweight” rating despite lowering its price target. Hershey also increased its quarterly dividend to $1.452, translating to an annual dividend of $5.81 and a 3.0% yield.