Allworth Financial LP Makes New $1.17 Million Investment in Hershey Company (The) $HSY

Key Points

• Allworth Financial LP acquired 6,694 Hershey shares worth approximately $1.17 million in the second quarter, while institutional investors collectively own 57.96% of the company.
• Hershey reported quarterly EPS of $1.90, exceeding the $1.43 analyst estimate, while revenue rose 6.6% year over year to $2.79 billion. The company maintained fiscal 2026 EPS guidance of $8.36–$8.52.
• Hershey declared a quarterly dividend of $1.452 per share, equivalent to an annualized $5.81 and a 3.1% yield. Analysts’ consensus rating remains Hold, with an average price target of $204.78.

Allworth Financial LP purchased a new stake in shares of Hershey Company (The) (NYSE:HSY - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,694 shares of the company's stock, valued at approximately $1,174,000.

Other large investors have also recently modified their holdings of the company. GKV Capital Management Co. Inc. bought a new position in shares of Hershey during the first quarter valued at approximately $27,000. JPL Wealth Management LLC bought a new stake in Hershey during the 3rd quarter valued at $26,000. Reflection Asset Management purchased a new position in shares of Hershey in the 4th quarter valued at $26,000. Bard Associates Inc. bought a new position in shares of Hershey in the 4th quarter worth $26,000. Finally, Bell Investment Advisors Inc purchased a new stake in shares of Hershey during the 2nd quarter worth $26,000. Hedge funds and other institutional investors own 57.96% of the company's stock.

Hershey Stock Down 1.1%

NYSE:HSY opened at $186.27 on Friday. The company has a market cap of $37.43 billion, a PE ratio of 25.45, a P/E/G ratio of 1.14 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 company has a current ratio of 1.18, a quick ratio of 0.66 and a debt-to-equity ratio of 1.03. The company's 50 day moving average is $178.40 and its two-hundred day moving average is $195.50.

Hershey (NYSE:HSY - Get Free Report) last posted its quarterly 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 during the quarter, compared to analysts' expectations of $2.63 billion. Hershey had a net margin of 12.24% and a return on equity of 31.92%. The business's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company posted $1.21 earnings per share. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. Analysts anticipate 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. Investors of record on Friday, August 14th will be given a dividend of $1.452 per share. The ex-dividend date is Friday, August 14th. This represents a $5.81 dividend on an annualized basis and a yield of 3.1%. Hershey's payout ratio is currently 79.37%.

Insider Buying and Selling

In other news, CFO Steven E. Voskuil sold 1,500 shares of the company'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 sale, the chief financial officer owned 53,195 shares in the company, valued at $9,043,150. This represents a 2.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 brokerages have commented on HSY. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $191.00 target price on shares of Hershey in a report on Friday, July 31st. UBS Group raised their price target on shares of Hershey from $190.00 to $198.00 and gave the company a "neutral" rating in a report on Friday, July 31st. Stifel Nicolaus cut their price objective on shares of Hershey from $215.00 to $180.00 and set a "hold" rating on the stock in a research report on Wednesday, July 22nd. Wells Fargo & Company reduced their price objective on shares of Hershey from $200.00 to $190.00 and set an "equal weight" rating for the company in a research note on Friday, July 31st. Finally, The Goldman Sachs Group set a $240.00 target price on shares of Hershey in a research report on Friday, May 1st. Seven 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 an average rating of "Hold" and a consensus price target of $204.78.

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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