Wealthfront Advisers LLC Has $10.68 Million Holdings in Hershey Company (The) $HSY

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Wealthfront Advisers LLC increased its stake in The Hershey Company (HSY) by 14.6% in Q3, bringing its total holdings to 57,071 shares valued at $10.68 million. Despite institutional investors owning nearly 58% of the company and Hershey exceeding earnings expectations with an EPS of $1.71 and revenue of $3.09 billion, analysts currently maintain a “Hold” rating with an average target price of $218.21. The company also raised its quarterly dividend to $1.452, but its high payout ratio of 126.27% raises concerns about dividend sustainability.

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