Capital Investment Advisors LLC Has $1.77 Million Stock Holdings in Hershey Company (The) $HSY

Key Points

• Capital Investment Advisors LLC reduced its holdings in Hershey Company by 13.9% in the 2nd quarter, bringing its investment down to approximately $1.77 million.
• CEO Michele Buck sold 19,290 shares of Hershey stock, representing a 9.06% decrease in her ownership, valued at around $3.47 million.
• Hershey reported earnings of $1.21 per share for the last quarter, exceeding estimates and marking a 26% year-over-year revenue increase.

Capital Investment Advisors LLC reduced its holdings in Hershey Company (The) (NYSE:HSY - Free Report) by 13.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 10,634 shares of the company's stock after selling 1,715 shares during the quarter. Capital Investment Advisors LLC's holdings in Hershey were worth $1,765,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Proffitt & Goodson Inc. bought a new position in Hershey during the 1st quarter worth $28,000. Tradewinds Capital Management LLC increased its stake in shares of Hershey by 129.5% in the first quarter. Tradewinds Capital Management LLC now owns 179 shares of the company's stock valued at $31,000 after buying an additional 101 shares during the period. Fort Vancouver Investment Management LLC bought a new position in shares of Hershey during the first quarter worth about $34,000. MorganRosel Wealth Management LLC acquired a new position in shares of Hershey in the first quarter worth approximately $35,000. Finally, Zions Bancorporation National Association UT bought a new stake in Hershey in the first quarter valued at approximately $36,000. Institutional investors own 57.96% of the company's stock.

Insider Buying and Selling at Hershey

In other news, CEO Michele Buck sold 19,290 shares of Hershey stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $180.00, for a total transaction of $3,472,200.00. Following the completion of the transaction, the chief executive officer directly owned 193,624 shares in the company, valued at $34,852,320. This trade represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Rohit Grover sold 1,334 shares of the company'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 owned 38,068 shares in the company, valued at $6,852,240. This represents a 3.39% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,704 shares of company stock valued at $12,206,910. Corporate insiders own 0.34% of the company's stock.

Hershey Stock Performance

Shares of HSY opened at $188.80 on Thursday. Hershey Company has a one year low of $140.13 and a one year high of $208.03. The company has a market cap of $38.27 billion, a PE ratio of 25.07, a P/E/G ratio of 4.52 and a beta of 0.26. The stock has a 50-day moving average of $185.22 and a 200-day moving average of $172.84. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 0.89.

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

Hershey Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were issued a dividend of $1.37 per share. The ex-dividend date was Friday, August 15th. This represents a $5.48 annualized dividend and a yield of 2.9%. Hershey's dividend payout ratio is presently 72.78%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Hershey from $154.00 to $157.00 and gave the stock an "underweight" rating in a research report on Thursday, September 25th. BNP Paribas Exane upgraded shares of Hershey from a "neutral" rating to an "outperform" rating in a report on Monday, September 15th. Barclays increased their price target on Hershey from $165.00 to $190.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Sanford C. Bernstein boosted their price objective on Hershey from $155.00 to $179.00 and gave the company a "market perform" rating in a research note on Thursday, July 31st. Finally, Bank of America raised their target price on Hershey from $175.00 to $208.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $174.05.

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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