Rialto Wealth Management LLC Has $69,000 Stock Holdings in Hershey Company (The) $HSY

Rialto Wealth Management LLC reduced its holdings in Hershey Company (The) (NYSE:HSY) by 54.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 416 shares of the company’s stock after selling 489 shares during the period. Rialto Wealth Management LLC’s holdings in Hershey were worth $69,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Trust Co. of Toledo NA OH purchased a new position in Hershey during the second quarter valued at approximately $28,000. Zions Bancorporation National Association UT purchased a new position in shares of Hershey during the 1st quarter valued at $36,000. Fourth Dimension Wealth LLC acquired a new position in shares of Hershey in the second quarter worth $39,000. Whittier Trust Co. acquired a new stake in Hershey during the first quarter valued at $44,000. Finally, WPG Advisers LLC purchased a new position in Hershey in the first quarter valued at about $47,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wall Street Zen upgraded Hershey from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Hershey in a report on Wednesday, October 8th. BNP Paribas Exane raised Hershey from a “neutral” rating to an “outperform” rating in a research report on Monday, September 15th. Stifel Nicolaus decreased their price target on Hershey from $195.00 to $185.00 and set a “hold” rating for the company in a research note on Friday, October 31st. Finally, Barclays set a $188.00 price objective on Hershey in a research note on Monday. Three analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $179.21.

Hershey Trading Up 1.8%

Shares of HSY stock opened at $170.64 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.89 and a debt-to-equity ratio of 1.15. Hershey Company has a 1 year low of $140.13 and a 1 year high of $208.03. The firm’s fifty day simple moving average is $184.90 and its 200 day simple moving average is $175.95. The firm has a market capitalization of $34.59 billion, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 4.21 and a beta of 0.24.

Hershey (NYSE:HSY) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.24. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.11 billion. Hershey had a net margin of 13.54% and a return on equity of 37.36%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the business posted $2.34 EPS. Hershey has set its FY 2025 guidance at 5.900-6.000 EPS. As a group, sell-side analysts predict that Hershey Company will post 6.12 EPS for the current year.

Hershey Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 17th will be given a $1.37 dividend. The ex-dividend date is Monday, November 17th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 3.2%. Hershey’s dividend payout ratio (DPR) is currently 81.91%.

Insider Buying and Selling at Hershey

In related news, CFO Steven E. Voskuil sold 1,500 shares of the company’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $187.52, for a total value of $281,280.00. Following the completion of the transaction, the chief financial officer directly owned 56,819 shares in the company, valued at approximately $10,654,698.88. This represents a 2.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.28% of the company’s stock.

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.