Deutsche Bank AG bought a new stake in Hershey Company (The) (NYSE:HSY - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 666,728 shares of the company's stock, valued at approximately $116,977,000. Deutsche Bank AG owned about 0.33% of Hershey at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of HSY. Vanguard Group Inc. increased its holdings in shares of Hershey by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 19,067,235 shares of the company's stock valued at $3,469,855,000 after acquiring an additional 191,671 shares during the last quarter. Capital International Investors lifted its stake in Hershey by 1.9% during the fourth quarter. Capital International Investors now owns 9,106,431 shares of the company's stock worth $1,657,189,000 after purchasing an additional 169,660 shares during the last quarter. State Street Corp lifted its stake in Hershey by 1.8% during the third quarter. State Street Corp now owns 7,253,041 shares of the company's stock worth $1,356,681,000 after purchasing an additional 128,982 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Hershey by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,315,653 shares of the company's stock valued at $967,343,000 after purchasing an additional 124,464 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Hershey by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 4,831,101 shares of the company's stock valued at $876,434,000 after purchasing an additional 104,024 shares in the last quarter. 57.96% of the stock is currently owned by institutional investors and hedge funds.
Hershey Price Performance
Shares of NYSE HSY opened at $189.04 on Thursday. The stock has a market cap of $37.98 billion, a P/E ratio of 25.83, a P/E/G ratio of 1.12 and a beta of 0.11. Hershey Company has a twelve month low of $161.43 and a twelve month high of $239.48. The stock has a 50 day moving average of $178.15 and a two-hundred day moving average of $195.61. 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 (NYSE:HSY - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.47. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.63 billion. Hershey had a net margin of 12.24% and a return on equity of 31.92%. The company's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the firm posted $1.21 earnings per share. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. On average, research analysts forecast that Hershey Company will post 8.49 earnings per share for the current year.
Hershey Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be given a dividend of $1.452 per share. This represents a $5.81 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, August 14th. Hershey's dividend payout ratio (DPR) is presently 79.37%.
Insider Transactions at Hershey
In other Hershey news, CFO Steven E. Voskuil sold 1,500 shares of Hershey stock in a transaction on 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 directly owned 53,195 shares in the company, valued at approximately $9,043,150. The trade was a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.08% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the stock. Mizuho cut their price objective on shares of Hershey from $195.00 to $185.00 and set a "neutral" rating on the stock in a report on Wednesday, May 20th. Bank of America lowered their target price on shares of Hershey from $220.00 to $200.00 and set a "neutral" rating for the company in a report on Thursday, June 25th. DA Davidson set a $190.00 target price on shares of Hershey in a research report on Friday, July 31st. Barclays cut their price target on shares of Hershey from $208.00 to $200.00 and set an "equal weight" rating on the stock in a research note on Monday, August 3rd. Finally, TD Cowen upgraded shares of Hershey from a "hold" rating to a "buy" rating and set a $210.00 price objective for the company in a research note on Friday, May 1st. Seven analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $203.61.
View Our Latest Report on Hershey
About Hershey
(
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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