Corient Private Wealth LP Has $5.78 Million Stock Holdings in Hershey Company (The) $HSY

Key Points

• Corient Private Wealth reduced its Hershey stake by 33.9% in the second quarter, selling 16,867 shares and retaining 32,926 shares valued at approximately $5.78 million. Institutional investors collectively own 57.96% of Hershey.
• Analysts maintain a generally cautious outlook, with six Buy ratings and sixteen Hold ratings. Hershey has an average rating of “Hold” and an average price target of $204.78, despite several analysts lowering their targets.
• Hershey reported stronger-than-expected quarterly results, with $1.90 EPS and $2.79 billion in revenue, up 6.6% year over year. The company also pays a quarterly dividend of $1.452, equivalent to an annualized yield of about 3.4%.

Corient Private Wealth LP decreased its stake in shares of Hershey Company (The) (NYSE:HSY - Free Report) by 33.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,926 shares of the company's stock after selling 16,867 shares during the period. Corient Private Wealth LP's holdings in Hershey were worth $5,777,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in HSY. BlackRock Inc. acquired a new stake in shares of Hershey in the second quarter valued at approximately $2,303,889,000. Capital International Investors lifted its stake in shares of Hershey by 1.9% during the fourth quarter. Capital International Investors now owns 9,106,431 shares of the company's stock valued at $1,657,189,000 after acquiring an additional 169,660 shares during the period. Geode Capital Management LLC boosted its holdings in Hershey by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 4,831,101 shares of the company's stock valued at $876,434,000 after acquiring an additional 104,024 shares during the last quarter. GQG Partners LLC bought a new position in Hershey in the second quarter valued at about $485,436,000. Finally, Bank of America Corp DE increased its position in Hershey by 10.0% in the first quarter. Bank of America Corp DE now owns 1,395,644 shares of the company's stock worth $290,141,000 after purchasing an additional 127,113 shares during the period. Institutional investors own 57.96% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Bank of America dropped their price objective on Hershey from $220.00 to $200.00 and set a "neutral" rating for the company in a report on Thursday, June 25th. TD Cowen reiterated a "buy" rating on shares of Hershey in a research report on Tuesday, September 1st. Sanford C. Bernstein reissued a "market perform" rating and set a $201.00 price target on shares of Hershey in a research note on Friday, July 31st. Weiss Ratings upgraded shares of Hershey from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, July 31st. Finally, Royal Bank Of Canada reduced their price objective on shares of Hershey from $212.00 to $206.00 and set a "sector perform" rating on the stock in a research note on Friday, August 21st. Six research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the stock. According to MarketBeat.com, Hershey has an average rating of "Hold" and an average price target of $204.78.

Hershey Stock Performance

Shares of HSY opened at $169.95 on Friday. The stock has a market capitalization of $34.15 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 1.33 and a beta of 0.11. Hershey Company has a 12 month low of $161.43 and a 12 month high of $239.48. The firm has a fifty day simple moving average of $177.88 and a 200 day simple moving average of $188.96. 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 (NYSE:HSY - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.47. Hershey had a net margin of 12.24% and a return on equity of 31.92%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same period in the previous year, the business earned $1.21 EPS. The company's revenue was up 6.6% compared to the same quarter last year. 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 fiscal year.

Hershey Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th were paid a $1.452 dividend. This represents a $5.81 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, August 14th. Hershey's dividend payout ratio (DPR) is currently 79.37%.

Insiders Place Their Bets

In other news, CFO Steven Voskuil sold 1,500 shares of the company's 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 sale, the chief financial officer owned 53,195 shares in the company, valued at $9,043,150. This represents a 2.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is currently owned by corporate insiders.

Hershey Profile

The Hershey Company is a global confectionery and snack manufacturer headquartered in Hershey, Pennsylvania. Its portfolio includes chocolate, non-chocolate confectionery, salty snacks and pantry products sold under brands such as Hershey's, Reese's, Kit Kat, Jolly Rancher, Twizzlers, Ice Breakers, SkinnyPop and Dot's.

Milton S. Hershey founded the company in 1894, and its milk chocolate business helped establish Hershey, Pennsylvania, as a center of American chocolate production. The company has expanded beyond its original chocolate offerings through product development, licensing arrangements and acquisitions in the confectionery and snack categories.

Hershey serves consumers primarily in the United States and Canada and markets its products internationally through retail, e-commerce and other distribution channels.

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