Advisors Capital Management LLC Invests $15.18 Million in Hershey Company (The) $HSY

Advisors Capital Management LLC purchased a new stake in shares of Hershey Company (The) (NYSE:HSY - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 86,502 shares of the company's stock, valued at approximately $15,177,000.

A number of other hedge funds have also recently modified their holdings of HSY. PCM Encore LLC purchased a new position in shares of Hershey in the second quarter valued at approximately $307,000. Vise Technologies Inc. acquired a new stake in Hershey during the 2nd quarter worth approximately $2,934,000. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in Hershey in the 2nd quarter valued at approximately $733,000. Somerville Kurt F purchased a new position in Hershey in the 2nd quarter valued at approximately $421,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Hershey in the second quarter worth $33,000. Hedge funds and other institutional investors own 57.96% of the company's stock.

Insider Buying and Selling

In other Hershey 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 transaction 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. 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 this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

HSY has been the topic of a number of recent research reports. Mizuho cut their price objective on Hershey from $195.00 to $185.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 20th. DA Davidson set a $190.00 target price on Hershey in a research note on Friday, July 31st. Stifel Nicolaus cut their price target on Hershey from $215.00 to $180.00 and set a "hold" rating on the stock in a report on Wednesday, July 22nd. The Goldman Sachs Group set a $240.00 price target on Hershey in a research report on Friday, May 1st. Finally, Piper Sandler decreased their price objective on Hershey from $249.00 to $200.00 and set an "overweight" rating for the company in a research note on Thursday, July 9th. Seven analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $203.61.

Hershey Price Performance

Shares of NYSE:HSY opened at $188.71 on Friday. The company's fifty day moving average price is $178.30 and its 200 day moving average price is $195.57. Hershey Company has a 12 month low of $161.43 and a 12 month high of $239.48. 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 firm has a market capitalization of $37.92 billion, a P/E ratio of 25.78, a P/E/G ratio of 1.15 and a beta of 0.11.

Hershey (NYSE:HSY - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.43 by $0.47. Hershey had a return on equity of 31.92% and a net margin of 12.24%.The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. 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. As a group, sell-side analysts predict that Hershey Company will post 8.49 earnings per share for the current fiscal year.

Hershey Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors 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 annualized dividend and a dividend yield of 3.1%. Hershey's dividend payout ratio (DPR) is 79.37%.

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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