Hershey Company (The) $HSY Shares Bought by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. increased its position in Hershey Company (The) (NYSE:HSY) by 33.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,279 shares of the company’s stock after buying an additional 821 shares during the period. Koshinski Asset Management Inc.’s holdings in Hershey were worth $544,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Proffitt & Goodson Inc. acquired a new position in shares of Hershey in the first quarter valued at approximately $28,000. Trust Co. of Toledo NA OH purchased a new stake in Hershey in the second quarter valued at approximately $28,000. Tradewinds Capital Management LLC grew its holdings in Hershey by 129.5% in the first quarter. Tradewinds Capital Management LLC now owns 179 shares of the company’s stock valued at $31,000 after purchasing an additional 101 shares during the period. Fort Vancouver Investment Management LLC purchased a new stake in Hershey in the first quarter valued at approximately $34,000. Finally, MorganRosel Wealth Management LLC purchased a new stake in Hershey in the first quarter valued at approximately $35,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Hershey in a report on Wednesday, October 8th. Sanford C. Bernstein boosted their target price on shares of Hershey from $155.00 to $179.00 and gave the company a “market perform” rating in a report on Thursday, July 31st. Piper Sandler boosted their target price on shares of Hershey from $160.00 to $167.00 and gave the company an “underweight” rating in a report on Tuesday, September 9th. DA Davidson boosted their target price on shares of Hershey from $171.00 to $188.00 and gave the company a “neutral” rating in a report on Monday, August 4th. Finally, Mizuho boosted their price objective on shares of Hershey from $155.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Two analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $176.11.

Hershey Price Performance

HSY opened at $187.88 on Monday. The company has a quick ratio of 0.89, a current ratio of 1.53 and a debt-to-equity ratio of 1.15. Hershey Company has a 52-week low of $140.13 and a 52-week high of $208.03. The company has a 50 day moving average of $186.28 and a two-hundred day moving average of $174.88. The company has a market cap of $38.09 billion, a P/E ratio of 24.95, a P/E/G ratio of 4.53 and a beta of 0.26.

Hershey (NYSE:HSY) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.23. Hershey had a net margin of 13.54% and a return on equity of 37.36%. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the firm earned $1.27 earnings per share. Hershey’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, analysts expect that Hershey Company will post 6.12 earnings per share for the current year.

Hershey Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Michele Buck sold 19,290 shares of the business’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $194.00, for a total transaction of $3,742,260.00. Following the transaction, the chief executive officer directly owned 193,624 shares of the company’s stock, valued at approximately $37,563,056. The trade was a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Steven E. Voskuil sold 1,500 shares of the business’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $189.12, for a total transaction of $283,680.00. Following the transaction, 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 three months, insiders have sold 40,080 shares of company stock worth $7,594,590. Corporate insiders own 0.28% of the company’s stock.

About Hershey

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.