Bryn Mawr Trust Advisors LLC purchased a new position in shares of Hershey Company (The) (NYSE:HSY – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,789 shares of the company’s stock, valued at approximately $1,016,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Hershey in the 4th quarter valued at $272,506,000. Marshall Wace LLP lifted its position in shares of Hershey by 546.6% during the 4th quarter. Marshall Wace LLP now owns 1,057,476 shares of the company’s stock valued at $192,439,000 after acquiring an additional 893,940 shares during the period. First Trust Advisors LP grew its holdings in shares of Hershey by 315.4% during the 1st quarter. First Trust Advisors LP now owns 1,083,675 shares of the company’s stock worth $225,285,000 after purchasing an additional 822,772 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings in shares of Hershey by 150.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,278,881 shares of the company’s stock worth $232,731,000 after purchasing an additional 767,478 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Hershey by 4,478.5% in the fourth quarter. Pacer Advisors Inc. now owns 586,141 shares of the company’s stock worth $106,666,000 after purchasing an additional 573,339 shares during the period. Institutional investors own 57.96% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently commented on HSY shares. Stifel Nicolaus dropped their price target on Hershey from $215.00 to $180.00 and set a “hold” rating for the company in a research note on Wednesday, July 22nd. The Goldman Sachs Group set a $240.00 price objective on shares of Hershey in a research note on Friday, May 1st. Mizuho decreased their target price on shares of Hershey from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, May 20th. Morgan Stanley dropped their target price on shares of Hershey from $247.00 to $227.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $191.00 price target on shares of Hershey in a report on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the stock. According to data from MarketBeat, Hershey presently has a consensus rating of “Hold” and an average target price of $203.61.
Hershey Trading Down 1.0%
Shares of HSY stock opened at $184.29 on Friday. Hershey Company has a twelve month low of $161.43 and a twelve month high of $239.48. The stock’s fifty day simple moving average is $177.65 and its 200 day simple moving average is $195.71. 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 firm has a market capitalization of $37.03 billion, a P/E ratio of 25.18, a P/E/G ratio of 1.13 and a beta of 0.11.
Hershey (NYSE:HSY – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.43 by $0.47. Hershey had a return on equity of 31.92% and a net margin of 12.24%.The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.63 billion. During the same period last year, the company earned $1.21 earnings per share. The business’s quarterly revenue was up 6.6% on a year-over-year basis. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. As a group, sell-side analysts predict that Hershey Company will post 8.49 EPS for the current fiscal year.
Hershey Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be given a $1.452 dividend. This represents a $5.81 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, August 14th. Hershey’s dividend payout ratio is 79.37%.
Insider Activity
In other news, CFO Steven E. Voskuil sold 1,500 shares of Hershey stock in a transaction on Monday, July 20th. The shares were sold at an average price of $170.00, for a total transaction of $255,000.00. Following the transaction, the chief financial officer owned 53,195 shares in the company, valued at approximately $9,043,150. The trade was a 2.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.08% of the company’s stock.
Hershey Profile
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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