1834 Investment Advisors Co. Buys 21,076 Shares of Hershey Company (The) $HSY

Key Points

• 1834 Investment Advisors Co. significantly increased its holdings in Hershey Company by buying an additional 21,076 shares, raising its ownership to 22,987 shares worth approximately $3.81 million.
• Several other institutional investors have also made moves in Hershey, with 57.96% of the company's stock now held by such investors.
• The company reported a 26.0% year-over-year increase in revenue for the most recent quarter, leading to earnings of $1.21 per share, which surpassed expectations.

1834 Investment Advisors Co. grew its position in shares of Hershey Company (The) (NYSE:HSY - Free Report) by 1,102.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,987 shares of the company's stock after buying an additional 21,076 shares during the period. 1834 Investment Advisors Co.'s holdings in Hershey were worth $3,815,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HSY. Proffitt & Goodson Inc. bought a new position in Hershey during the first quarter worth about $28,000. Tradewinds Capital Management LLC lifted its stake in shares of Hershey by 129.5% during the 1st quarter. Tradewinds Capital Management LLC now owns 179 shares of the company's stock valued at $31,000 after buying an additional 101 shares in the last quarter. Fort Vancouver Investment Management LLC bought a new position in Hershey in the 1st quarter worth approximately $34,000. MorganRosel Wealth Management LLC purchased a new position in Hershey in the 1st quarter valued at approximately $35,000. Finally, Zions Bancorporation National Association UT bought a new stake in Hershey during the 1st quarter valued at $36,000. Institutional investors own 57.96% of the company's stock.

Insider Transactions at Hershey

In other Hershey news, CFO Steven E. Voskuil sold 5,000 shares of the firm's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $180.00, for a total transaction of $900,000.00. Following the sale, the chief financial officer owned 61,319 shares in the company, valued at $11,037,420. This trade represents a 7.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michele Buck sold 19,290 shares of the company's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $180.00, for a total value of $3,472,200.00. Following the completion of the transaction, the chief executive officer owned 193,624 shares of the company's stock, valued at $34,852,320. The trade was a 9.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 87,627 shares of company stock worth $16,043,435 in the last three months. Insiders own 0.34% of the company's stock.

Hershey Stock Up 1.6%

Shares of NYSE HSY opened at $188.26 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. The business has a 50-day moving average of $184.86 and a 200-day moving average of $172.52. The firm has a market capitalization of $38.16 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 4.48 and a beta of 0.27. Hershey Company has a 12 month low of $140.13 and a 12 month high of $208.03.

Hershey (NYSE:HSY - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.23. Hershey had a net margin of 13.54% and a return on equity of 37.36%. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the business posted $1.27 earnings per share. Hershey's revenue for the quarter was up 26.0% on a year-over-year basis. Hershey has set its FY 2025 guidance at 5.809-5.997 EPS. Sell-side analysts expect that Hershey Company will post 6.12 earnings per share for the current fiscal year.

Hershey Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were given a $1.37 dividend. The ex-dividend date was Friday, August 15th. This represents a $5.48 annualized dividend and a yield of 2.9%. Hershey's payout ratio is 72.78%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. The Goldman Sachs Group raised Hershey from a "sell" rating to a "buy" rating and raised their price target for the stock from $170.00 to $222.00 in a report on Tuesday, September 16th. Morgan Stanley lifted their target price on Hershey from $173.00 to $189.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Wall Street Zen raised shares of Hershey from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. BNP Paribas Exane upgraded shares of Hershey from a "neutral" rating to an "outperform" rating in a research report on Monday, September 15th. Finally, Piper Sandler upped their target price on shares of Hershey from $160.00 to $167.00 and gave the stock an "underweight" rating in a report on Tuesday, September 9th. Two investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat, Hershey currently has an average rating of "Reduce" and a consensus price target of $174.05.

Hershey Profile

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.

Want to see what other hedge funds are holding HSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hershey Company (The) (NYSE:HSY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.