Handelsbanken Fonder AB lifted its position in shares of Hershey Company (The) (NYSE:HSY – Free Report) by 20.5% in the second quarter, Holdings Channel reports. The firm owned 87,339 shares of the company’s stock after purchasing an additional 14,836 shares during the period. Handelsbanken Fonder AB’s holdings in Hershey were worth $15,324,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the business. PBU The Pension Fund of Early Childhood & Youth Educators acquired a new stake in Hershey in the 4th quarter valued at $9,633,000. Prudential PLC lifted its stake in shares of Hershey by 237.3% during the fourth quarter. Prudential PLC now owns 7,988 shares of the company’s stock worth $1,454,000 after purchasing an additional 5,620 shares in the last quarter. Friedenthal Financial boosted its position in shares of Hershey by 38,266.7% in the fourth quarter. Friedenthal Financial now owns 5,755 shares of the company’s stock worth $1,047,000 after buying an additional 5,740 shares during the period. Jefferies Financial Group Inc. purchased a new stake in shares of Hershey in the fourth quarter worth about $2,744,000. Finally, Fifth Third Bancorp grew its stake in shares of Hershey by 126.4% in the first quarter. Fifth Third Bancorp now owns 84,215 shares of the company’s stock valued at $17,508,000 after buying an additional 47,017 shares in the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.
Insider Buying and Selling at Hershey
In other news, CFO Steven E. Voskuil sold 1,500 shares of the company’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $170.00, for a total value of $255,000.00. Following the sale, the chief financial officer owned 53,195 shares in the company, valued at approximately $9,043,150. This represents a 2.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.08% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on HSY
Hershey Stock Performance
Shares of HSY opened at $185.97 on Friday. The firm has a market cap of $37.37 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 1.12 and a beta of 0.11. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 1.03. The business’s 50 day moving average is $177.65 and its two-hundred day moving average is $195.79. Hershey Company has a 52-week low of $161.43 and a 52-week high of $239.48.
Hershey (NYSE:HSY – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.47. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.63 billion. Hershey had a net margin of 12.24% and a return on equity of 31.92%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.21 earnings per share. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. Analysts forecast that Hershey Company will post 8.49 EPS for the current fiscal year.
Hershey Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be given a $1.452 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $5.81 annualized dividend and a dividend yield of 3.1%. Hershey’s payout ratio is presently 79.37%.
About Hershey
The Hershey Company (NYSE: HSY) is a leading North American chocolatier and snack manufacturer headquartered in Hershey, Pennsylvania. The company develops, produces and markets a wide range of confectionery and snack products for retail, foodservice and international customers. Hershey’s business spans manufacturing, branded product marketing, packaging and distribution across grocery, convenience, mass merchant and e-commerce channels.
Hershey’s product portfolio centers on chocolate and sugar confectionery, including core brands such as Hershey’s, Reese’s, Hershey’s Kisses and Twizzlers, alongside non-chocolate snacks and confectionery brands.
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