Beacon Pointe Advisors LLC Makes New $13.42 Million Investment in Hershey Company (The) $HSY

Beacon Pointe Advisors LLC bought 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 disclosure with the SEC. The fund bought 76,464 shares of the company's stock, valued at approximately $13,416,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rakuten Investment Management Inc. acquired a new position in shares of Hershey in the 2nd quarter worth approximately $4,431,000. RB Capital Management LLC purchased a new position in shares of Hershey during the second quarter valued at $1,105,000. Glenview Trust Co acquired a new position in shares of Hershey in the 2nd quarter valued at about $974,000. Empowered Funds LLC acquired a new stake in shares of Hershey during the 2nd quarter valued at $5,539,000. Finally, United Capital Financial Advisors LLC purchased a new position in Hershey in the second quarter valued at about $702,000. 57.96% of the stock is currently owned by institutional investors.

Insider Activity

In related 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 transaction of $255,000.00. Following the completion of the sale, the chief financial officer directly owned 53,195 shares of the company's stock, valued at approximately $9,043,150. This represents a 2.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is owned by company insiders.

Hershey Trading Down 1.1%

NYSE HSY opened at $179.34 on Friday. The stock has a 50-day simple moving average of $179.18 and a 200 day simple moving average of $194.54. The company has a market capitalization of $36.03 billion, a PE ratio of 24.50, a P/E/G ratio of 1.10 and a beta of 0.11. The company has a current ratio of 1.18, a quick ratio of 0.66 and a debt-to-equity ratio of 1.03. Hershey Company has a 12 month low of $161.43 and a 12 month high of $239.48.

Hershey (NYSE:HSY - Get Free Report) last issued its 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 firm had revenue of $2.79 billion for 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%.The company's revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.21 earnings per share. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. Research analysts forecast that Hershey Company will post 8.49 EPS for the current year.

Hershey Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders 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 yield of 3.2%. The ex-dividend date of this dividend is Friday, August 14th. Hershey's payout ratio is presently 79.37%.

Analyst Ratings Changes

HSY has been the subject of several analyst reports. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $201.00 price objective on shares of Hershey in a research note on Friday, July 31st. Royal Bank Of Canada reduced their target price on shares of Hershey from $212.00 to $206.00 and set a "sector perform" rating for the company in a research note on Friday, August 21st. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $191.00 price objective on shares of Hershey in a research note on Friday, July 31st. Weiss Ratings raised Hershey from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, July 31st. Finally, Jefferies Financial Group set a $190.00 price objective on Hershey in a research report on Thursday, July 16th. Seven equities research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price 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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