Brookstone Capital Management Has $11.86 Million Stake in Hershey Company (The) $HSY

Key Points

• Brookstone Capital Management increased its stake in Hershey Company by 3.8%, owning 71,467 shares valued at approximately $11.86 million as of the latest SEC filing.
• Hershey reported quarterly earnings with an EPS of $1.21, surpassing estimates significantly, and experienced a 26.0% increase in revenue year-over-year, reaching $2.61 billion.
• The company recently declared a quarterly dividend of $1.37 per share, resulting in an annualized dividend yield of 3.0%.

Brookstone Capital Management raised its stake in Hershey Company (The) (NYSE:HSY - Free Report) by 3.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,467 shares of the company's stock after buying an additional 2,639 shares during the quarter. Brookstone Capital Management's holdings in Hershey were worth $11,860,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Proffitt & Goodson Inc. bought a new stake in shares of Hershey in the first quarter worth about $28,000. Trust Co. of Toledo NA OH bought a new stake in shares of Hershey in the second quarter worth about $28,000. Tradewinds Capital Management LLC increased its holdings in shares of Hershey by 129.5% in the first quarter. Tradewinds Capital Management LLC now owns 179 shares of the company's stock worth $31,000 after acquiring an additional 101 shares in the last quarter. Fort Vancouver Investment Management LLC bought a new stake in shares of Hershey in the first quarter worth about $34,000. Finally, MorganRosel Wealth Management LLC bought a new stake in shares of Hershey in the first quarter worth about $35,000. 57.96% of the stock is currently owned by institutional investors.

Hershey Stock Down 1.1%

HSY stock opened at $184.08 on Thursday. The business has a 50-day moving average of $186.77 and a 200-day moving average of $175.19. Hershey Company has a fifty-two week low of $140.13 and a fifty-two week high of $208.03. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 0.89. The stock has a market capitalization of $37.32 billion, a P/E ratio of 24.45, a P/E/G ratio of 4.48 and a beta of 0.26.

Hershey (NYSE:HSY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $0.98 by $0.23. Hershey had a return on equity of 37.36% and a net margin of 13.54%.The firm had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the prior year, the firm posted $1.27 earnings per share. The business's quarterly revenue was up 26.0% compared to the same quarter last year. Hershey has set its FY 2025 guidance at 5.809-5.997 EPS. On average, sell-side analysts anticipate that Hershey Company will post 6.12 earnings per share for the current fiscal year.

Hershey Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were given a dividend of $1.37 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $5.48 annualized dividend and a yield of 3.0%. Hershey's dividend payout ratio is 72.78%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HSY. BNP Paribas Exane upgraded Hershey from a "neutral" rating to an "outperform" rating in a report on Monday, September 15th. DA Davidson increased their price target on Hershey from $171.00 to $188.00 and gave the stock a "neutral" rating in a report on Monday, August 4th. The Goldman Sachs Group upgraded Hershey from a "sell" rating to a "buy" rating and increased their price target for the stock from $170.00 to $222.00 in a report on Tuesday, September 16th. UBS Group upped their price objective on Hershey from $192.00 to $205.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised Hershey from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Two investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, Hershey presently has a consensus rating of "Reduce" and an average price target of $176.83.

Insider Activity at Hershey

In related news, CFO Steven E. Voskuil sold 1,500 shares of the stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $187.52, for a total transaction of $281,280.00. Following the completion of the transaction, the chief financial officer directly owned 56,819 shares of the company's stock, valued at approximately $10,654,698.88. This represents a 2.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michele Buck sold 19,290 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $194.00, for a total value of $3,742,260.00. Following the transaction, the chief executive officer directly owned 193,624 shares of the company's stock, valued at $37,563,056. This trade represents a 9.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,290 shares of company stock valued at $4,307,220 over the last three months. Insiders own 0.34% of the company's stock.

Hershey Profile

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.

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