CW Advisors LLC Has $906,000 Stake in Hershey Company (The) $HSY

Key Points

• CW Advisors LLC increased its stake in Hershey Company by 45%, now owning a total of 5,310 shares valued at around $906,000, following the purchase of 1,648 shares in the first quarter.
• Hershey Company reported earnings per share of $1.21 for the last quarter, surpassing analysis expectations, with revenue reaching $2.61 billion, up 26% year-over-year.
• The company declared a quarterly dividend of $1.37 per share, translating to an annual yield of 3.0% and a dividend payout ratio of 72.78%.

CW Advisors LLC raised its position in Hershey Company (The) (NYSE:HSY - Free Report) by 45.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 5,310 shares of the company's stock after buying an additional 1,648 shares during the period. CW Advisors LLC's holdings in Hershey were worth $906,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Putney Financial Group LLC bought a new position in shares of Hershey in the 4th quarter worth $25,000. Mpwm Advisory Solutions LLC bought a new position in shares of Hershey in the 4th quarter worth $28,000. Proffitt & Goodson Inc. bought a new position in shares of Hershey in the 1st quarter worth $28,000. Tradewinds Capital Management LLC boosted its position in shares of Hershey by 129.5% in the 1st quarter. Tradewinds Capital Management LLC now owns 179 shares of the company's stock worth $31,000 after purchasing an additional 101 shares during the last quarter. Finally, Fort Vancouver Investment Management LLC bought a new position in Hershey during the first quarter worth about $34,000. 57.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Steven E. Voskuil sold 5,000 shares of the business's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $180.00, for a total value of $900,000.00. Following the completion of the sale, the chief financial officer directly owned 61,319 shares in the company, valued at approximately $11,037,420. The trade was a 7.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP James Turoff sold 1,300 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $175.00, for a total value of $227,500.00. Following the completion of the sale, the senior vice president owned 25,321 shares of the company's stock, valued at approximately $4,431,175. This trade represents a 4.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 86,127 shares of company stock valued at $15,759,755. 0.34% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on HSY. Morgan Stanley lifted their target price on Hershey from $173.00 to $189.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Barclays lifted their target price on Hershey from $165.00 to $190.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Bank of America lifted their target price on Hershey from $175.00 to $208.00 and gave the stock a "neutral" rating in a report on Thursday, July 31st. Wells Fargo & Company lifted their target price on Hershey from $135.00 to $154.00 and gave the stock an "underweight" rating in a report on Thursday, July 31st. Finally, UBS Group reduced their target price on Hershey from $175.00 to $170.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Fourteen equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average price target of $170.83.

Hershey Stock Up 2.2%

Shares of NYSE:HSY traded up $3.93 during midday trading on Friday, reaching $183.92. The company had a trading volume of 1,108,713 shares, compared to its average volume of 1,818,374. The business's 50 day moving average price is $177.20 and its 200 day moving average price is $170.15. The stock has a market cap of $37.28 billion, a PE ratio of 24.42, a P/E/G ratio of 4.40 and a beta of 0.27. 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 Company has a 1-year low of $140.13 and a 1-year high of $208.03.

Hershey (NYSE:HSY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the business earned $1.27 earnings per share. The business's 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. Research analysts forecast that Hershey Company will post 6.12 EPS for the current fiscal year.

Hershey Announces Dividend

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

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.