Amundi Has $182.52 Million Stock Position in Hershey Company (The) $HSY

Amundi grew its stake in Hershey Company (The) (NYSE:HSY - Free Report) by 21.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,040,305 shares of the company's stock after buying an additional 186,768 shares during the quarter. Amundi owned 0.52% of Hershey worth $182,522,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HSY. PBU The Pension Fund of Early Childhood & Youth Educators acquired a new position in shares of Hershey during the 4th quarter worth approximately $9,633,000. Prudential PLC raised its stake in Hershey by 237.3% in the fourth quarter. Prudential PLC now owns 7,988 shares of the company's stock valued at $1,454,000 after buying an additional 5,620 shares during the period. Jefferies Financial Group Inc. acquired a new stake in shares of Hershey in the fourth quarter valued at approximately $2,744,000. Fifth Third Bancorp lifted its position in shares of Hershey by 126.4% in the first quarter. Fifth Third Bancorp now owns 84,215 shares of the company's stock valued at $17,508,000 after buying an additional 47,017 shares during the last quarter. Finally, Arbejdsmarkedets Tillaegspension bought a new position in Hershey during the fourth quarter worth $23,675,000. 57.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HSY shares. UBS Group increased their price objective on shares of Hershey from $190.00 to $198.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. TD Cowen restated a "buy" rating on shares of Hershey in a research report on Tuesday, September 1st. Evercore set a $225.00 price target on Hershey in a research note on Thursday, July 23rd. Barclays lowered their price objective 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. Finally, Bank of America dropped their price objective on shares of Hershey from $220.00 to $200.00 and set a "neutral" rating for the company in a research note on Thursday, June 25th. Seven analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $204.78.

Hershey Stock Up 0.1%

NYSE HSY opened at $173.25 on Wednesday. The business has a fifty day moving average price of $178.76 and a two-hundred day moving average price of $191.86. The stock has a market capitalization of $34.81 billion, a PE ratio of 23.67, a PEG ratio of 1.37 and a beta of 0.11. Hershey Company has a fifty-two week low of $161.43 and a fifty-two week 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.

Hershey (NYSE:HSY - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.90 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.63 billion. During the same quarter in the previous year, the firm earned $1.21 EPS. Hershey's revenue was up 6.6% on a year-over-year basis. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. Equities analysts expect that Hershey Company will post 8.49 earnings per share for the current fiscal year.

Hershey Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be paid a $1.452 dividend. This represents a $5.81 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, August 14th. Hershey's dividend payout ratio is presently 79.37%.

Insider Buying and Selling at Hershey

In related news, CFO Steven Voskuil sold 1,500 shares of the business's stock in a transaction on Monday, July 20th. The stock was sold at an average price of $170.00, for a total transaction of $255,000.00. Following the sale, the chief financial officer owned 53,195 shares in the company, valued at $9,043,150. The trade was a 2.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is currently owned by company insiders.

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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