Virtu Financial LLC boosted its position in Hershey Company (The) (NYSE:HSY – Free Report) by 521.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,788 shares of the company’s stock after acquiring an additional 9,051 shares during the quarter. Virtu Financial LLC’s holdings in Hershey were worth $1,963,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. PBU The Pension Fund of Early Childhood & Youth Educators acquired a new stake in shares of Hershey in the 4th quarter valued at approximately $9,633,000. Prudential PLC grew its holdings in shares of Hershey by 237.3% during the 4th quarter. Prudential PLC now owns 7,988 shares of the company’s stock valued at $1,454,000 after purchasing an additional 5,620 shares during the last quarter. Friedenthal Financial increased its position in Hershey by 38,266.7% during the 4th quarter. Friedenthal Financial now owns 5,755 shares of the company’s stock worth $1,047,000 after purchasing an additional 5,740 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in Hershey during the 4th quarter worth approximately $2,744,000. Finally, Nordea Investment Management AB lifted its stake in Hershey by 833.3% in the 4th quarter. Nordea Investment Management AB now owns 185,314 shares of the company’s stock valued at $33,940,000 after purchasing an additional 165,458 shares during the last quarter. 57.96% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Hershey
In other news, CFO Steven E. Voskuil sold 1,500 shares of the stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $194.10, for a total value of $291,150.00. Following the completion of the sale, the chief financial officer owned 57,695 shares of the company’s stock, valued at approximately $11,198,599.50. This represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on HSY
Hershey Price Performance
Shares of NYSE:HSY opened at $172.38 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 1.24. Hershey Company has a 52 week low of $160.07 and a 52 week high of $239.48. The firm has a market cap of $34.97 billion, a PE ratio of 32.10, a price-to-earnings-growth ratio of 1.04 and a beta of 0.09. The firm’s fifty day moving average is $188.34 and its 200-day moving average is $198.22.
Hershey (NYSE:HSY – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.31. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.03 billion. Hershey had a return on equity of 28.98% and a net margin of 9.12%.Hershey’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.09 earnings per share. Sell-side analysts predict that Hershey Company will post 8.45 earnings per share for the current year.
Hershey Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 15th were given a $1.452 dividend. This represents a $5.81 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, May 15th. Hershey’s payout ratio is 108.19%.
About Hershey
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.
Featured Stories
- Five stocks we like better than Hershey
- Aehr Spikes on New Order, But Has Stock Gotten Ahead of Itself?
- Rackspace’s AI Land Grab: Plugging Into the Next Compute Boom
- Satellogic Is Tiny But Its Revenue Growth Is Hard to Ignore
- Why Kroger’s Pullback Could Be a Gift for Patient Investors
Receive News & Ratings for Hershey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hershey and related companies with MarketBeat.com's FREE daily email newsletter.
