AMG National Trust Bank Invests $3.65 Million in Hershey Company (The) $HSY

AMG National Trust Bank bought a new stake in Hershey Company (The) (NYSE:HSY - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 20,808 shares of the company's stock, valued at approximately $3,651,000.

A number of other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Hershey in the fourth quarter valued at approximately $272,506,000. Marshall Wace LLP increased its stake in Hershey by 546.6% in the fourth quarter. Marshall Wace LLP now owns 1,057,476 shares of the company's stock valued at $192,439,000 after purchasing an additional 893,940 shares during the period. First Trust Advisors LP raised its holdings in shares of Hershey by 315.4% in the first quarter. First Trust Advisors LP now owns 1,083,675 shares of the company's stock valued at $225,285,000 after buying an additional 822,772 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Hershey by 150.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,278,881 shares of the company's stock valued at $232,731,000 after buying an additional 767,478 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Hershey by 4,478.5% during the fourth quarter. Pacer Advisors Inc. now owns 586,141 shares of the company's stock worth $106,666,000 after buying an additional 573,339 shares during the period. 57.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. UBS Group raised their price target on Hershey from $190.00 to $198.00 and gave the stock a "neutral" rating in a report on Friday, July 31st. The Goldman Sachs Group set a $240.00 price objective on Hershey in a research note on Friday, May 1st. Jefferies Financial Group set a $190.00 target price on Hershey in a research note on Thursday, July 16th. Stifel Nicolaus lowered their target price on Hershey from $215.00 to $180.00 and set a "hold" rating on the stock in a research note on Wednesday, July 22nd. Finally, Bank of America dropped their target price on Hershey from $220.00 to $200.00 and set a "neutral" rating on the stock in a report on Thursday, June 25th. Seven analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $203.61.

Hershey Stock Up 0.0%

Hershey stock opened at $184.29 on Monday. The stock's 50 day moving average price is $177.65 and its 200 day moving average price is $195.75. Hershey Company has a 1-year low of $161.43 and a 1-year high of $239.48. The company has a market cap of $37.03 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 1.12 and a beta of 0.11. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.18 and a quick ratio of 0.66.

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

Hershey Dividend Announcement

The business also recently announced 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 3.2%. The ex-dividend date is Friday, August 14th. Hershey's dividend payout ratio is presently 79.37%.

Insiders Place Their Bets

In other Hershey news, CFO Steven E. Voskuil sold 1,500 shares of the stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $170.00, for a total value of $255,000.00. Following the completion of the transaction, the chief financial officer directly owned 53,195 shares of the company's stock, valued at approximately $9,043,150. This trade represents a 2.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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.

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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