Hershey Company (The) $HSY Shares Purchased by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management increased its Hershey stake by 11.8% in the second quarter, adding 118,825 shares to own 1.13 million shares worth approximately $198 million. Institutional investors and hedge funds collectively own 57.96% of HSY.
• Hershey reported stronger-than-expected quarterly results, with EPS of $1.90 versus the $1.43 consensus and revenue of $2.79 billion, up 6.6% year over year. The company provided fiscal 2026 EPS guidance of $8.36–$8.52.
• HSY shares opened at $166.69, near their 52-week low, while analysts maintained an overall “Hold” rating with an average price target of $204.78. Hershey also paid a quarterly dividend of $1.452 per share, representing a 3.5% annualized yield.

Envestnet Asset Management Inc. boosted its stake in Hershey Company (The) (NYSE:HSY - Free Report) by 11.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,128,711 shares of the company's stock after buying an additional 118,825 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.56% of Hershey worth $198,032,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Andra AP fonden grew its position in shares of Hershey by 272.2% in the second quarter. Andra AP fonden now owns 91,199 shares of the company's stock valued at $16,001,000 after purchasing an additional 66,699 shares during the period. Security National Bank of Sioux City Iowa IA acquired a new position in shares of Hershey during the 2nd quarter valued at about $268,000. The Manufacturers Life Insurance Company increased its stake in shares of Hershey by 125.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 196,337 shares of the company's stock valued at $34,447,000 after acquiring an additional 109,418 shares during the last quarter. National Pension Service lifted its holdings in shares of Hershey by 8.1% during the 2nd quarter. National Pension Service now owns 358,307 shares of the company's stock worth $62,865,000 after acquiring an additional 26,932 shares during the period. Finally, WINTON GROUP Ltd lifted its holdings in shares of Hershey by 175.0% during the 2nd quarter. WINTON GROUP Ltd now owns 10,200 shares of the company's stock worth $1,790,000 after acquiring an additional 6,491 shares during the period. Institutional investors and hedge funds own 57.96% of the company's stock.

Insider Buying and Selling at Hershey

In related news, CFO Steven Voskuil sold 1,500 shares of the firm's stock in a transaction dated 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 directly owned 53,195 shares in the company, valued at approximately $9,043,150. This trade represents a 2.74% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is owned by insiders.

Hershey Trading Down 1.0%

Shares of HSY stock opened at $166.69 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 1.03. Hershey Company has a fifty-two week low of $161.43 and a fifty-two week high of $239.48. The firm's 50 day moving average price is $177.47 and its two-hundred day moving average price is $186.88. The stock has a market cap of $33.49 billion, a price-to-earnings ratio of 22.77, a price-to-earnings-growth ratio of 1.33 and a beta of 0.11.

Hershey (NYSE:HSY - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.90 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same quarter in the prior year, the business earned $1.21 earnings per share. The business's quarterly 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. On average, analysts anticipate that Hershey Company will post 8.49 EPS for the current year.

Hershey Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th were given a $1.4520 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $5.81 annualized dividend and a dividend yield of 3.5%. Hershey's dividend payout ratio is presently 79.37%.

Analyst Ratings Changes

HSY has been the subject of several research analyst reports. Evercore set a $225.00 price target on shares of Hershey in a research report on Thursday, July 23rd. Jefferies Financial Group set a $190.00 price target on shares of Hershey in a report on Thursday, July 16th. DA Davidson set a $190.00 price objective on shares of Hershey in a research note on Friday, July 31st. Sanford C. Bernstein restated a "market perform" rating and set a $201.00 price objective on shares of Hershey in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. lifted their target price on Hershey from $191.00 to $193.00 and gave the company a "neutral" rating in a report on Friday, July 31st. Six equities research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Hershey presently has an average rating of "Hold" and an average target price of $204.78.

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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