United Capital Financial Advisors LLC bought a new position in shares of Hershey Company (The) (NYSE:HSY – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 3,999 shares of the company’s stock, valued at approximately $702,000.
Other institutional investors have also added to or reduced their stakes in the company. Dearborn Partners LLC purchased a new stake in shares of Hershey in the 2nd quarter worth approximately $2,206,000. Equitable Holdings Inc. purchased a new position in Hershey during the second quarter valued at approximately $7,860,000. Centaurus Financial Inc. bought a new position in Hershey in the second quarter worth approximately $141,000. Coastal Bridge Advisors LLC bought a new position in Hershey in the second quarter worth approximately $640,000. Finally, Jefferies Financial Group Inc. bought a new position in Hershey in the second quarter worth approximately $603,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on HSY shares. Piper Sandler dropped their target price on Hershey from $249.00 to $200.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Stifel Nicolaus reduced their price target on Hershey from $215.00 to $180.00 and set a “hold” rating for the company in a research report on Wednesday, July 22nd. 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. Barclays dropped their price objective on Hershey from $208.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Monday, August 3rd. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $201.00 target price on shares of Hershey in a report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat, Hershey currently has a consensus rating of “Hold” and an average target price of $204.78.
Insider Buying and Selling
In other Hershey news, CFO Steven E. Voskuil sold 1,500 shares of the firm’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $170.00, for a total value of $255,000.00. Following the completion of the sale, the chief financial officer owned 53,195 shares of the company’s stock, valued at approximately $9,043,150. This trade represents a 2.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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.
Hershey Price Performance
NYSE HSY opened at $179.34 on Monday. The firm’s fifty day simple moving average is $179.18 and its two-hundred day simple moving average is $194.29. The firm has a market capitalization of $36.03 billion, a P/E ratio of 24.50, a P/E/G ratio of 1.09 and a beta of 0.11. The company has a current ratio of 1.18, a quick ratio of 0.66 and a debt-to-equity ratio of 1.03. Hershey Company has a 12-month low of $161.43 and a 12-month high of $239.48.
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 Announces Dividend
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 paid a $1.452 dividend. The ex-dividend date is Friday, August 14th. This represents a $5.81 dividend on an annualized basis and a yield of 3.2%. Hershey’s dividend payout ratio (DPR) is 79.23%.
Hershey Company 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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