Engineers Gate Manager LP Has $1.25 Million Holdings in Hershey Company (The) $HSY

Engineers Gate Manager LP lowered its holdings in shares of Hershey Company (The) (NYSE:HSY - Free Report) by 73.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,127 shares of the company's stock after selling 19,723 shares during the quarter. Engineers Gate Manager LP's holdings in Hershey were worth $1,250,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. GKV Capital Management Co. Inc. bought a new position in Hershey in the first quarter valued at approximately $27,000. Reflection Asset Management acquired a new position in shares of Hershey in the fourth quarter valued at approximately $26,000. Bard Associates Inc. bought a new stake in shares of Hershey during the fourth quarter worth $26,000. Bell Investment Advisors Inc bought a new stake in shares of Hershey during the second quarter worth $26,000. Finally, Manchester Capital Management LLC raised its holdings in shares of Hershey by 123.0% during the fourth quarter. Manchester Capital Management LLC now owns 165 shares of the company's stock worth $30,000 after acquiring an additional 91 shares during the period. Institutional investors own 57.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HSY. Jefferies Financial Group set a $190.00 price objective on Hershey in a report on Thursday, July 16th. Bank of America cut their target price on Hershey from $220.00 to $200.00 and set a "neutral" rating on the stock in a research note on Thursday, June 25th. TD Cowen reaffirmed a "buy" rating on shares of Hershey in a research report on Tuesday, September 1st. DA Davidson set a $190.00 price target on shares of Hershey in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Hershey from $191.00 to $193.00 and gave the company a "neutral" rating in a report on Friday, July 31st. Six analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $204.78.

Hershey Stock Performance

Shares of NYSE HSY opened at $168.50 on Friday. The company has a current ratio of 1.18, a quick ratio of 0.66 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $33.86 billion, a P/E ratio of 23.02, a P/E/G ratio of 1.35 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 stock has a 50 day moving average of $177.96 and a 200-day moving average of $189.09.

Hershey (NYSE:HSY - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.47. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.63 billion. Hershey had a return on equity of 31.92% and a net margin of 12.24%.The firm's quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.21 earnings per share. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. As a group, equities research analysts predict that Hershey Company will post 8.49 EPS for the current year.

Hershey Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th were given a dividend of $1.452 per share. This represents a $5.81 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, August 14th. Hershey's dividend payout ratio is presently 79.37%.

Insider Activity at Hershey

In related news, CFO Steven Voskuil sold 1,500 shares of the 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 of the company's stock, valued at $9,043,150. This represents a 2.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.08% of the company's stock.

Hershey Company 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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