Birmingham Capital Management Co. Inc. AL Takes Position in Hershey Company (The) $HSY

Birmingham Capital Management Co. Inc. AL acquired a new position in Hershey Company (The) (NYSE:HSY - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 21,975 shares of the company's stock, valued at approximately $3,856,000. Hershey accounts for 1.5% of Birmingham Capital Management Co. Inc. AL's holdings, making the stock its 21st largest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of HSY. GKV Capital Management Co. Inc. bought a new stake in Hershey in the 1st quarter worth $27,000. JPL Wealth Management LLC purchased a new position in Hershey during the 3rd quarter valued at about $26,000. Reflection Asset Management purchased a new position in Hershey during the 4th quarter valued at about $26,000. Bard Associates Inc. bought a new position in Hershey during the 4th quarter valued at approximately $26,000. Finally, Bell Investment Advisors Inc bought a new position in Hershey during the 2nd quarter valued at approximately $26,000. Institutional investors own 57.96% of the company's stock.

Hershey Stock Performance

Shares of HSY stock opened at $185.77 on Thursday. Hershey Company has a 12 month low of $161.43 and a 12 month high of $239.48. The stock has a market cap of $37.33 billion, a PE ratio of 25.38, a price-to-earnings-growth ratio of 1.14 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. The company's fifty day moving average price is $178.87 and its 200-day moving average price is $195.00.

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

Hershey Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be issued a $1.452 dividend. This represents a $5.81 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, August 14th. Hershey's dividend payout ratio is 79.37%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HSY. 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. Piper Sandler dropped their price target on Hershey from $249.00 to $200.00 and set an "overweight" rating for the company in a research note on Thursday, July 9th. The Goldman Sachs Group set a $240.00 price target on shares of Hershey in a report on Friday, May 1st. Weiss Ratings raised shares of Hershey from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, July 31st. Finally, Evercore set a $225.00 price objective on shares of Hershey in a report on Thursday, July 23rd. Seven equities research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company. According to MarketBeat, Hershey currently has a consensus rating of "Hold" and an average price target of $204.78.

Insiders Place Their Bets

In other Hershey news, CFO Steven E. Voskuil sold 1,500 shares of the firm's stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $170.00, for a total transaction of $255,000.00. Following the completion of the transaction, the chief financial officer 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 document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.08% of the company's stock.

Hershey 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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