Northwestern Mutual Wealth Management Co. Purchases Shares of 18,515 Hershey Company (The) $HSY

Northwestern Mutual Wealth Management Co. purchased a new stake in Hershey Company (The) (NYSE:HSYFree Report) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 18,515 shares of the company’s stock, valued at approximately $3,249,000.

Several other institutional investors have also recently made changes to their positions in the stock. GKV Capital Management Co. Inc. acquired a new stake in shares of Hershey in the 1st quarter valued at approximately $27,000. JPL Wealth Management LLC bought a new position in shares of Hershey in the third quarter valued at $26,000. Reflection Asset Management acquired a new position in Hershey during the fourth quarter worth $26,000. Bard Associates Inc. acquired a new position in Hershey during the fourth quarter worth $26,000. Finally, Bell Investment Advisors Inc bought a new stake in Hershey during the second quarter worth $26,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

Insider Buying and Selling

In related news, CFO Steven E. Voskuil sold 1,500 shares of the company’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $170.00, for a total value of $255,000.00. Following the transaction, the chief financial officer owned 53,195 shares in the company, valued at approximately $9,043,150. This represents a 2.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on HSY shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $191.00 price target on shares of Hershey in a research note on Friday, July 31st. Sanford C. Bernstein restated a “market perform” rating and set a $201.00 price objective on shares of Hershey in a research note on Friday, July 31st. Weiss Ratings raised shares of Hershey from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 31st. TD Cowen upgraded shares of Hershey from a “hold” rating to a “buy” rating and set a $210.00 target price for the company in a research note on Friday, May 1st. Finally, Mizuho reduced their price target on Hershey from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, May 20th. Seven investment 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, the stock presently has a consensus rating of “Hold” and an average target price of $204.78.

View Our Latest Stock Analysis on Hershey

Hershey Trading Up 1.9%

Shares of Hershey stock opened at $189.92 on Tuesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.18 and a quick ratio of 0.66. The business has a fifty day simple moving average of $178.57 and a two-hundred day simple moving average of $195.40. Hershey Company has a 1 year low of $161.43 and a 1 year high of $239.48. The company has a market capitalization of $38.16 billion, a price-to-earnings ratio of 25.95, a P/E/G ratio of 1.14 and a beta of 0.11.

Hershey (NYSE:HSYGet Free Report) last released 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 for the quarter, compared to the consensus estimate of $2.63 billion. Hershey had a net margin of 12.24% and a return on equity of 31.92%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.21 earnings per share. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. Research analysts forecast that Hershey Company will post 8.49 EPS for the current year.

Hershey Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Friday, August 14th. This represents a $5.81 annualized dividend and a dividend yield of 3.1%. Hershey’s payout ratio is presently 79.23%.

Hershey Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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