William Allan Corp Lowers Stock Position in Hershey Company (The) $HSY

William Allan Corp cut its holdings in shares of Hershey Company (The) (NYSE:HSY) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,415 shares of the company’s stock after selling 178 shares during the period. Hershey accounts for about 1.8% of William Allan Corp’s holdings, making the stock its 25th biggest position. William Allan Corp’s holdings in Hershey were worth $3,056,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fulton Bank N.A. grew its position in Hershey by 4.9% in the 2nd 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 last quarter. Ignite Planners LLC grew its position in Hershey by 5.2% in the 1st 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 last quarter. Klein Pavlis & Peasley Financial Inc. grew its position in Hershey by 0.9% in the 1st 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 last quarter. Allworth Financial LP grew its position in Hershey by 0.9% in the 1st 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 last quarter. Finally, RKL Wealth Management LLC lifted its holdings in Hershey by 1.0% in the second quarter. RKL Wealth Management LLC now owns 6,958 shares of the company’s stock valued at $1,155,000 after acquiring an additional 67 shares during the period. 57.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Steven E. Voskuil sold 1,500 shares of the business’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $187.52, for a total value of $281,280.00. Following the completion of the transaction, the chief financial officer owned 56,819 shares of the company’s stock, valued at approximately $10,654,698.88. The trade was a 2.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michele Buck sold 19,290 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 193,624 shares of the company’s stock, valued at $37,563,056. The trade was a 9.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,290 shares of company stock valued at $4,307,220 in the last three months. 0.28% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on HSY. Weiss Ratings reissued a “hold (c)” rating on shares of Hershey in a report on Wednesday, October 8th. DA Davidson raised their target price on Hershey from $171.00 to $188.00 and gave the company a “neutral” rating in a report on Monday, August 4th. BNP Paribas Exane raised Hershey from a “neutral” rating to an “outperform” rating in a report on Monday, September 15th. JPMorgan Chase & Co. raised their target price on Hershey from $187.00 to $189.00 and gave the company a “neutral” rating in a report on Monday, October 20th. Finally, UBS Group raised their target price on Hershey from $192.00 to $205.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $177.67.

Hershey Trading Up 1.0%

Shares of HSY stock opened at $181.24 on Tuesday. The firm has a 50-day moving average price of $186.89 and a 200 day moving average price of $175.77. Hershey Company has a twelve month low of $140.13 and a twelve month high of $208.03. The company has a market capitalization of $36.74 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 4.31 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.

Hershey (NYSE:HSY) last announced its earnings results on Wednesday, July 30th. The company reported $1.21 earnings per share for the quarter, beating 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 firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the company posted $1.27 EPS. The firm’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. Research analysts forecast that Hershey Company will post 6.12 earnings per share for the current fiscal year.

Hershey Company 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.