Country Club Bank Sells 17,171 Shares of Hershey Company (The) $HSY

Key Points

• Country Club Bank reduced its stake in Hershey Company by 74.1%, selling 17,171 shares and leaving it with 6,002 shares worth around $1,002,000.
• Hershey reported an EPS of $1.21 for the last quarter, exceeding analysts' expectations and showing a year-over-year revenue increase of 26.0%.
• The company declared a quarterly dividend of $1.37 per share, yielding 2.8% annually, with a payout ratio of 72.78%.

Country Club Bank reduced its holdings in shares of Hershey Company (The) (NYSE:HSY - Free Report) by 74.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,002 shares of the company's stock after selling 17,171 shares during the quarter. Country Club Bank's holdings in Hershey were worth $1,002,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in HSY. Proffitt & Goodson Inc. bought a new stake in shares of Hershey in the first quarter valued at $28,000. Tradewinds Capital Management LLC raised 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 stake in shares of Hershey in the first quarter valued at $34,000. MorganRosel Wealth Management LLC bought a new stake in shares of Hershey in the first quarter valued at $35,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Hershey in the first quarter valued at $36,000. 57.96% of the stock is currently owned by institutional investors.

Hershey Price Performance

Hershey stock opened at $194.38 on Wednesday. Hershey Company has a 52 week low of $140.13 and a 52 week high of $208.03. The business has a 50-day simple moving average of $185.84 and a 200 day simple moving average of $173.59. The company has a quick ratio of 0.89, a current ratio of 1.53 and a debt-to-equity ratio of 1.15. The stock has a market cap of $39.41 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 4.72 and a beta of 0.26.

Hershey (NYSE:HSY - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $1.21 EPS for the quarter, topping 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 business had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the previous year, the business earned $1.27 earnings per share. The firm's revenue was up 26.0% on a year-over-year basis. Hershey has set its FY 2025 guidance at 5.809-5.997 EPS. On average, research analysts forecast that Hershey Company will post 6.12 earnings per share for the current fiscal year.

Hershey Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, August 15th. Hershey's payout ratio is presently 72.78%.

Insider Buying and Selling

In related news, CEO Michele Buck sold 19,290 shares of the business'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 $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. The trade was a 9.06% decrease in their ownership of the stock. The transaction 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 business's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $180.00, for a total value of $240,120.00. Following the transaction, the insider owned 38,068 shares of the company's stock, valued at approximately $6,852,240. The trade was a 3.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,704 shares of company stock worth $12,206,910 over the last ninety days. 0.28% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

HSY has been the topic of several research reports. Bank of America boosted their target price on Hershey from $175.00 to $208.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Mizuho lifted their price target on Hershey from $155.00 to $165.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Barclays lifted their price target on Hershey from $165.00 to $190.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Wall Street Zen upgraded Hershey from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, BNP Paribas Exane upgraded Hershey from a "neutral" rating to an "outperform" rating in a research report on Monday, September 15th. Two analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Hershey has a consensus rating of "Reduce" and an average target price of $174.05.

About Hershey

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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