Callan Family Office LLC Grows Position in Hershey Company (The) $HSY

Key Points

• Callan Family Office LLC increased its stake in Hershey Company by 65.5%, acquiring an additional 1,549 shares during the 2nd quarter, bringing its total holdings to 3,913 shares valued at approximately $649,000.
• Hershey's recent earnings report showed an EPS of $1.21, exceeding analysts' expectations of $0.98, with revenues reaching $2.61 billion, up 26% year-over-year.
• The company announced a quarterly dividend of $1.37 per share, resulting in an annualized dividend yield of 2.9% and a payout ratio of 72.78%.

Callan Family Office LLC grew its stake in Hershey Company (The) (NYSE:HSY - Free Report) by 65.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,913 shares of the company's stock after purchasing an additional 1,549 shares during the period. Callan Family Office LLC's holdings in Hershey were worth $649,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HSY. GAMMA Investing LLC lifted its position in shares of Hershey by 7.7% during the 1st quarter. GAMMA Investing LLC now owns 5,909 shares of the company's stock valued at $1,011,000 after buying an additional 420 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Hershey by 92.5% during the 1st quarter. SG Americas Securities LLC now owns 8,815 shares of the company's stock valued at $1,508,000 after buying an additional 4,236 shares in the last quarter. Ritholtz Wealth Management purchased a new position in shares of Hershey during the 1st quarter valued at approximately $336,000. Sound Income Strategies LLC lifted its position in shares of Hershey by 12.3% during the 1st quarter. Sound Income Strategies LLC now owns 696 shares of the company's stock valued at $119,000 after buying an additional 76 shares in the last quarter. Finally, Crane Advisory LLC purchased a new position in shares of Hershey during the 1st quarter valued at approximately $261,000. Hedge funds and other institutional investors own 57.96% of the company's stock.

Hershey Stock Down 1.5%

Shares of HSY opened at $189.18 on Tuesday. Hershey Company has a 52-week low of $140.13 and a 52-week high of $208.03. The company has a market capitalization of $38.35 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 4.64 and a beta of 0.26. The stock has a fifty day simple moving average of $186.15 and a two-hundred day simple moving average of $174.29. The company has a quick ratio of 0.89, a current ratio of 1.53 and a debt-to-equity ratio of 1.15.

Hershey (NYSE:HSY - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.23. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.50 billion. Hershey had a return on equity of 37.36% and a net margin of 13.54%.The company's revenue for the quarter was up 26.0% on a year-over-year basis. During the same period last year, the company earned $1.27 EPS. Hershey has set its FY 2025 guidance at 5.809-5.997 EPS. As a group, equities analysts forecast that Hershey Company will post 6.12 EPS for the current year.

Hershey Dividend Announcement

The firm also recently disclosed 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. This represents a $5.48 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, August 15th. Hershey's dividend payout ratio (DPR) is presently 72.78%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on HSY shares. Barclays increased their target price on Hershey from $165.00 to $190.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. began coverage on Hershey in a report on Wednesday, August 20th. They issued a "neutral" rating and a $187.00 price objective on the stock. UBS Group raised their price objective on Hershey from $192.00 to $205.00 and gave the company a "neutral" rating in a report on Wednesday, October 8th. Mizuho raised their price objective on Hershey from $155.00 to $165.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Finally, Sanford C. Bernstein raised their price objective on Hershey from $155.00 to $179.00 and gave the company a "market perform" rating in a report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $175.89.

Insider Buying and Selling

In related news, insider Rohit Grover sold 1,334 shares of the firm's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $180.00, for a total transaction of $240,120.00. Following the completion of the sale, the insider directly owned 38,068 shares of the company's stock, valued at approximately $6,852,240. This trade represents a 3.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michele Buck sold 19,290 shares of the firm's stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $194.00, for a total value of $3,742,260.00. Following the sale, the chief executive officer directly owned 193,624 shares of the company's stock, valued at $37,563,056. The trade was a 9.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,704 shares of company stock valued at $12,206,910. 0.28% of the stock is currently owned by insiders.

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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