Retirement Guys Formula LLC Buys 797 Shares of Hershey Company (The) $HSY

Retirement Guys Formula LLC raised its position in Hershey Company (The) (NYSE:HSY) by 13.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 6,861 shares of the company’s stock after acquiring an additional 797 shares during the period. Retirement Guys Formula LLC’s holdings in Hershey were worth $1,139,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Proffitt & Goodson Inc. bought a new stake in Hershey during the first quarter worth $28,000. Tradewinds Capital Management LLC boosted its position in Hershey by 129.5% in the first quarter. Tradewinds Capital Management LLC now owns 179 shares of the company’s stock worth $31,000 after purchasing an additional 101 shares during the last quarter. Fort Vancouver Investment Management LLC purchased a new position in Hershey in the first quarter worth $34,000. MorganRosel Wealth Management LLC purchased a new position in Hershey in the first quarter worth $35,000. Finally, Wood Tarver Financial Group LLC purchased a new position in shares of Hershey during the 4th quarter valued at $36,000. 57.96% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Hershey news, SVP James Turoff sold 1,300 shares of Hershey stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $175.00, for a total transaction of $227,500.00. Following the completion of the transaction, the senior vice president owned 25,321 shares in the company, valued at approximately $4,431,175. The trade was a 4.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Rohit Grover sold 1,334 shares of Hershey stock in a transaction on Monday, July 21st. The shares were sold at an average price of $180.00, for a total value of $240,120.00. Following the transaction, the insider owned 38,068 shares of the company’s stock, valued at $6,852,240. The trade was a 3.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 87,627 shares of company stock worth $16,043,435 over the last three months. 0.34% of the stock is owned by corporate insiders.

Hershey Trading Up 0.2%

HSY opened at $191.18 on Thursday. The stock has a market cap of $38.76 billion, a PE ratio of 25.39, a PEG ratio of 4.61 and a beta of 0.27. The company has a quick ratio of 0.89, a current ratio of 1.53 and a debt-to-equity ratio of 1.15. The business has a 50 day moving average of $184.23 and a 200-day moving average of $172.47. Hershey Company has a 52 week low of $140.13 and a 52 week high of $208.03.

Hershey (NYSE:HSY) last released its earnings results on Wednesday, July 30th. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.23. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Hershey had a return on equity of 37.36% and a net margin of 13.54%.The firm’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.27 EPS. Hershey has set its FY 2025 guidance at 5.809-5.997 EPS. Equities research analysts predict that Hershey Company will post 6.12 earnings per share for the current fiscal year.

Hershey Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were paid a dividend of $1.37 per share. The ex-dividend date was Friday, August 15th. This represents a $5.48 dividend on an annualized basis and a yield of 2.9%. Hershey’s payout ratio is presently 72.78%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Sanford C. Bernstein upped their price target on Hershey from $155.00 to $179.00 and gave the company a “market perform” rating in a research report on Thursday, July 31st. Piper Sandler upped their target price on Hershey from $160.00 to $167.00 and gave the stock an “underweight” rating in a research note on Tuesday, September 9th. BNP Paribas Exane upgraded Hershey from a “neutral” rating to an “outperform” rating in a research report on Monday, September 15th. Bank of America increased their target price on Hershey from $175.00 to $208.00 and gave the company a “neutral” rating in a report on Thursday, July 31st. Finally, Barclays increased their target price on Hershey from $165.00 to $190.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $173.89.

About Hershey

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.