Cibc World Market Inc. acquired a new position in Hershey Company (The) (NYSE:HSY – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 35,948 shares of the company’s stock, valued at approximately $6,307,000.
Several other hedge funds have also made changes to their positions in HSY. Syon Capital LLC grew its position in Hershey by 1.5% during the fourth quarter. Syon Capital LLC now owns 3,020 shares of the company’s stock worth $550,000 after buying an additional 46 shares in the last quarter. Haverford Trust Co grew its holdings in shares of Hershey by 0.7% during the 4th quarter. Haverford Trust Co now owns 6,796 shares of the company’s stock worth $1,237,000 after purchasing an additional 46 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Hershey by 2.0% during the fourth quarter. Larson Financial Group LLC now owns 2,561 shares of the company’s stock valued at $466,000 after purchasing an additional 50 shares during the period. Venture Visionary Partners LLC increased its position in shares of Hershey by 0.7% during the fourth quarter. Venture Visionary Partners LLC now owns 8,034 shares of the company’s stock valued at $1,462,000 after purchasing an additional 53 shares during the period. Finally, Bruce G. Allen Investments LLC raised its stake in shares of Hershey by 4.3% in the fourth quarter. Bruce G. Allen Investments LLC now owns 1,325 shares of the company’s stock valued at $241,000 after purchasing an additional 55 shares in the last quarter. Institutional investors own 57.96% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the stock. Wells Fargo & Company lowered their price target on shares of Hershey from $200.00 to $190.00 and set an “equal weight” rating on the stock in a report on Friday, July 31st. Stifel Nicolaus cut their price target on shares of Hershey from $215.00 to $180.00 and set a “hold” rating for the company in a research note on Wednesday, July 22nd. Piper Sandler decreased their price objective on Hershey from $249.00 to $200.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Weiss Ratings upgraded Hershey from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 31st. Finally, Royal Bank Of Canada dropped their target price on Hershey from $212.00 to $206.00 and set a “sector perform” rating for the company in a report on Friday, August 21st. Seven equities research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $204.78.
Hershey Trading Down 1.5%
Shares of HSY stock opened at $187.18 on Wednesday. The company has a market capitalization of $37.61 billion, a P/E ratio of 25.57, a P/E/G ratio of 1.16 and a beta of 0.11. Hershey Company has a 12-month low of $161.43 and a 12-month high of $239.48. 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 50-day moving average price of $178.67 and a 200 day moving average price of $195.27.
Hershey (NYSE:HSY – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.47. Hershey had a net margin of 12.24% and a return on equity of 31.92%. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.63 billion. During the same period in the prior year, the firm earned $1.21 earnings per share. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. Research analysts forecast that Hershey Company will post 8.49 earnings per share for the current fiscal year.
Hershey Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be issued a dividend of $1.452 per share. This represents a $5.81 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, August 14th. Hershey’s dividend payout ratio (DPR) is currently 79.37%.
Insider Transactions at Hershey
In other Hershey news, CFO Steven E. Voskuil sold 1,500 shares of Hershey stock in a transaction on Monday, July 20th. The stock was sold at an average price of $170.00, for a total value of $255,000.00. Following the completion of 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 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.
Hershey Company 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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