9,615 Shares in Hershey Company (The) $HSY Purchased by Global Retirement Partners LLC

Key Points

• Global Retirement Partners LLC acquired 9,615 Hershey shares worth approximately $1.69 million during the second quarter. Institutional investors collectively own 57.96% of HSY.
• Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and an average price target of $203.61, despite several recent target reductions.
• Hershey reported quarterly earnings of $1.90 per share and revenue of $2.79 billion, exceeding estimates, and declared a quarterly dividend of $1.452 per share, representing a 3.2% annualized yield.

Global Retirement Partners LLC acquired a new stake in shares of Hershey Company (The) (NYSE:HSY - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 9,615 shares of the company's stock, valued at approximately $1,687,000.

Several other large investors have also bought and sold shares of HSY. GKV Capital Management Co. Inc. bought a new stake in shares of Hershey during the first quarter valued at approximately $27,000. JPL Wealth Management LLC bought a new position in Hershey in the 3rd quarter valued at approximately $26,000. Reflection Asset Management purchased a new stake in Hershey during the 4th quarter valued at $26,000. Bard Associates Inc. bought a new stake in shares of Hershey in the 4th quarter worth $26,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of Hershey in the 4th quarter worth $27,000. 57.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. boosted their target price on Hershey from $191.00 to $193.00 and gave the stock a "neutral" rating in a research report on Friday, July 31st. Barclays lowered their target price 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. Wells Fargo & Company dropped their price target on shares of Hershey from $200.00 to $190.00 and set an "equal weight" rating for the company in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $191.00 target price on shares of Hershey in a research report on Friday, July 31st. Finally, Mizuho cut their target price on shares of Hershey from $195.00 to $185.00 and set a "neutral" rating for the company in a research note 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. According to MarketBeat, Hershey presently has a consensus rating of "Hold" and an average price target of $203.61.

Hershey Stock Down 1.7%

Shares of HSY opened at $181.17 on Tuesday. Hershey Company has a 52-week low of $161.43 and a 52-week high of $239.48. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 1.03. The business has a fifty day moving average of $177.75 and a 200 day moving average of $195.68. The company has a market cap of $36.40 billion, a PE ratio of 24.75, a P/E/G ratio of 1.12 and a beta of 0.11.

Hershey (NYSE:HSY - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.43 by $0.47. Hershey had a net margin of 12.24% and a return on equity of 31.92%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same period in the prior year, the firm posted $1.21 EPS. The firm's revenue was up 6.6% compared to the same quarter last year. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. On average, sell-side analysts expect that Hershey Company will post 8.49 EPS for the current year.

Hershey Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be paid a dividend of $1.452 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $5.81 dividend on an annualized basis and a dividend yield of 3.2%. Hershey's dividend payout ratio is currently 79.37%.

Insider Activity at Hershey

In other news, CFO Steven E. Voskuil sold 1,500 shares of the stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $170.00, for a total value of $255,000.00. Following the sale, the chief financial officer directly owned 53,195 shares in the company, valued at approximately $9,043,150. This represents a 2.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.08% of the company's stock.

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.

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