Sachetta LLC Has $117,000 Position in Hershey Company (The) $HSY

Sachetta LLC lessened its stake in shares of Hershey Company (The) (NYSE:HSY) by 32.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 703 shares of the company’s stock after selling 344 shares during the period. Sachetta LLC’s holdings in Hershey were worth $117,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Fulton Bank N.A. grew its position in Hershey by 4.9% during the second quarter. Fulton Bank N.A. now owns 1,312 shares of the company’s stock valued at $218,000 after buying an additional 61 shares during the period. Trust Co. of Vermont grew its position in Hershey by 2.4% during the first quarter. Trust Co. of Vermont now owns 2,691 shares of the company’s stock valued at $460,000 after buying an additional 62 shares during the period. Ignite Planners LLC grew its position in Hershey by 5.2% during the first quarter. Ignite Planners LLC now owns 1,278 shares of the company’s stock valued at $214,000 after buying an additional 63 shares during the period. Klein Pavlis & Peasley Financial Inc. grew its position in Hershey by 0.9% during the first quarter. Klein Pavlis & Peasley Financial Inc. now owns 7,248 shares of the company’s stock valued at $1,229,000 after buying an additional 66 shares during the period. Finally, Allworth Financial LP grew its position in Hershey by 0.9% during the first quarter. Allworth Financial LP now owns 7,189 shares of the company’s stock valued at $1,179,000 after buying an additional 67 shares during the period. Institutional investors and hedge funds own 57.96% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on HSY. Sanford C. Bernstein increased their price target on shares of Hershey from $155.00 to $179.00 and gave the company a “market perform” rating in a research report on Thursday, July 31st. Barclays increased their price target on shares of Hershey from $165.00 to $190.00 and gave the company an “equal weight” rating in a research report on Friday, August 1st. Stifel Nicolaus increased their price target on shares of Hershey from $160.00 to $180.00 and gave the company a “hold” rating in a research report on Tuesday, July 29th. Mizuho upped their price objective on shares of Hershey from $155.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Finally, Piper Sandler upped their price objective on shares of Hershey from $160.00 to $167.00 and gave the company an “underweight” rating in a report on Tuesday, September 9th. Two research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $174.05.

Hershey Trading Up 0.1%

Shares of Hershey stock opened at $195.27 on Tuesday. Hershey Company has a 12-month low of $140.13 and a 12-month high of $208.03. The company has a market cap of $39.59 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 4.71 and a beta of 0.26. The company has a current ratio of 1.53, a quick ratio of 0.89 and a debt-to-equity ratio of 1.15. The company’s 50-day moving average price is $185.68 and its 200-day moving average price is $173.44.

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

Hershey Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were issued a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, August 15th. Hershey’s dividend payout ratio is presently 72.78%.

Insider Transactions at Hershey

In other news, CEO Michele Buck sold 19,290 shares of the stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $194.00, for a total value of $3,742,260.00. Following the sale, the chief executive officer directly owned 193,624 shares of the company’s stock, valued at approximately $37,563,056. This represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Steven E. Voskuil sold 1,500 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $189.12, for a total transaction of $283,680.00. Following the completion of the sale, the chief financial officer directly owned 58,319 shares in the company, valued at approximately $11,029,289.28. The trade was a 2.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,704 shares of company stock valued at $12,206,910. 0.28% of the stock is currently owned by corporate insiders.

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.