Significant Wealth Partners LLC Boosts Stock Position in Hershey Company (The) $HSY

Significant Wealth Partners LLC raised its holdings in Hershey Company (The) (NYSE:HSY) by 4.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,753 shares of the company’s stock after purchasing an additional 147 shares during the period. Hershey comprises approximately 0.3% of Significant Wealth Partners LLC’s holdings, making the stock its 26th largest holding. Significant Wealth Partners LLC’s holdings in Hershey were worth $623,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Proffitt & Goodson Inc. acquired a new position in Hershey during the 1st quarter worth $28,000. Tradewinds Capital Management LLC raised its stake in shares of Hershey by 129.5% in the 1st quarter. Tradewinds Capital Management LLC now owns 179 shares of the company’s stock valued at $31,000 after purchasing an additional 101 shares in the last quarter. Fort Vancouver Investment Management LLC bought a new position in shares of Hershey during the first quarter worth about $34,000. MorganRosel Wealth Management LLC bought a new position in shares of Hershey during the first quarter worth about $35,000. Finally, Wood Tarver Financial Group LLC acquired a new position in Hershey in the fourth quarter worth about $36,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

Hershey Trading Up 0.2%

NYSE:HSY opened at $191.18 on Thursday. The firm has a market capitalization of $38.76 billion, a P/E ratio of 25.39, a P/E/G ratio of 4.61 and a beta of 0.27. The business has a 50 day simple moving average of $184.23 and a 200 day simple moving average of $172.47. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 0.89. Hershey Company has a 12-month low of $140.13 and a 12-month high of $208.03.

Hershey (NYSE:HSY) last posted its earnings results on Wednesday, July 30th. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.23. Hershey had a return on equity of 37.36% and a net margin of 13.54%.The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period last year, the business posted $1.27 earnings per share. The firm’s quarterly revenue was up 26.0% compared to the same quarter last year. Hershey has set its FY 2025 guidance at 5.809-5.997 EPS. Equities research analysts predict that Hershey Company will post 6.12 EPS for the current year.

Hershey Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were paid a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, August 15th. Hershey’s payout ratio is presently 72.78%.

Insider Activity

In related news, CFO Steven E. Voskuil sold 5,000 shares of the stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $180.00, for a total value of $900,000.00. Following the completion of the transaction, the chief financial officer directly owned 61,319 shares of the company’s stock, valued at $11,037,420. This represents a 7.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michele Buck sold 19,290 shares of the firm’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $180.00, for a total value of $3,472,200.00. Following the completion of the sale, the chief executive officer owned 193,624 shares in the company, valued at approximately $34,852,320. This represents a 9.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 87,627 shares of company stock worth $16,043,435 in the last quarter. Company insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

HSY has been the topic of several research reports. The Goldman Sachs Group upgraded Hershey from a “sell” rating to a “buy” rating and upped their price objective for the company from $170.00 to $222.00 in a research note on Tuesday, September 16th. Wall Street Zen upgraded Hershey from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Bank of America upped their price target on Hershey from $175.00 to $208.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. Mizuho lifted their price objective on shares of Hershey from $155.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Finally, Barclays boosted their target price on shares of Hershey from $165.00 to $190.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $173.89.

Hershey Profile

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.