Paralel Advisors LLC bought a new stake in shares of Hershey Company (The) (NYSE:HSY – Free Report) during the second quarter, Holdings Channel reports. The fund bought 11,118 shares of the company’s stock, valued at approximately $1,951,000.
Several other large investors have also modified their holdings of HSY. Syon Capital LLC lifted its position in shares of Hershey by 1.5% in the 4th quarter. Syon Capital LLC now owns 3,020 shares of the company’s stock worth $550,000 after purchasing an additional 46 shares during the period. Haverford Trust Co increased its holdings in Hershey by 0.7% during the fourth quarter. Haverford Trust Co now owns 6,796 shares of the company’s stock valued at $1,237,000 after buying an additional 46 shares during the period. Larson Financial Group LLC increased its holdings in 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 buying an additional 50 shares during the period. Venture Visionary Partners LLC raised its stake in Hershey by 0.7% in the fourth quarter. Venture Visionary Partners LLC now owns 8,034 shares of the company’s stock worth $1,462,000 after buying an additional 53 shares in the last quarter. Finally, Bruce G. Allen Investments LLC raised its stake in Hershey by 4.3% in the fourth quarter. Bruce G. Allen Investments LLC now owns 1,325 shares of the company’s stock worth $241,000 after buying an additional 55 shares in the last quarter. Institutional investors own 57.96% of the company’s stock.
Insider Buying and Selling at Hershey
In related news, CFO Steven Voskuil sold 1,500 shares of the stock in a transaction that occurred on Monday, July 20th. The shares were 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 directly owned 53,195 shares of the company’s stock, valued at $9,043,150. This trade represents a 2.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 Price Performance
Hershey (NYSE:HSY – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.43 by $0.47. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.63 billion. Hershey had a return on equity of 31.92% and a net margin of 12.24%.The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.21 EPS. 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be issued a $1.452 dividend. This represents a $5.81 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, August 14th. Hershey’s dividend payout ratio (DPR) is currently 79.37%.
Wall Street Analyst Weigh In
HSY has been the topic of several recent research reports. Weiss Ratings raised Hershey from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 31st. TD Cowen reissued a “buy” rating on shares of Hershey in a research report on Tuesday, September 1st. Royal Bank Of Canada decreased their price objective on Hershey from $212.00 to $206.00 and set a “sector perform” rating for the company in a research note on Friday, August 21st. Wells Fargo & Company dropped their price objective on Hershey from $200.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Friday, July 31st. Finally, Evercore set a $225.00 target price on Hershey in a research note on Thursday, July 23rd. Seven research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Hershey has an average rating of “Hold” and a consensus price target of $204.78.
Check Out Our Latest Report on Hershey
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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