Vontobel Holding Ltd. lowered its position in shares of Hershey Company (The) (NYSE:HSY - Free Report) by 9.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,122 shares of the company's stock after selling 2,029 shares during the period. Vontobel Holding Ltd.'s holdings in Hershey were worth $3,173,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Fulton Bank N.A. grew its holdings in shares of Hershey by 4.9% during the second quarter. Fulton Bank N.A. now owns 1,312 shares of the company's stock worth $218,000 after buying an additional 61 shares during the last quarter. Trust Co. of Vermont grew its holdings in shares of Hershey by 2.4% during the first quarter. Trust Co. of Vermont now owns 2,691 shares of the company's stock worth $460,000 after buying an additional 62 shares during the last quarter. Ignite Planners LLC grew its holdings in shares of Hershey by 5.2% during the first quarter. Ignite Planners LLC now owns 1,278 shares of the company's stock worth $214,000 after buying an additional 63 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. boosted its holdings in Hershey by 0.9% in the 1st quarter. Klein Pavlis & Peasley Financial Inc. now owns 7,248 shares of the company's stock valued at $1,229,000 after purchasing an additional 66 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in Hershey by 0.9% in the 1st quarter. Allworth Financial LP now owns 7,189 shares of the company's stock valued at $1,179,000 after purchasing an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 57.96% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on HSY. DA Davidson lifted their price target on shares of Hershey from $171.00 to $188.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. Morgan Stanley lifted their price objective on Hershey from $173.00 to $189.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. The Goldman Sachs Group upgraded Hershey from a "sell" rating to a "buy" rating and boosted their price target for the company from $170.00 to $222.00 in a report on Tuesday, September 16th. Weiss Ratings reissued a "hold (c)" rating on shares of Hershey in a research note on Wednesday. Finally, Sanford C. Bernstein boosted their price objective on shares of Hershey from $155.00 to $179.00 and gave the company a "market perform" rating in a research note on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Reduce" and an average target price of $175.89.
Check Out Our Latest Report on Hershey
Insider Activity
In other news, CEO Michele Buck sold 19,290 shares of the company's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $194.00, for a total value of $3,742,260.00. Following the sale, the chief executive officer owned 193,624 shares in the company, valued at approximately $37,563,056. This represents a 9.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Rohit Grover sold 1,334 shares of the stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $180.00, for a total transaction of $240,120.00. Following the sale, the insider owned 38,068 shares in the company, valued at approximately $6,852,240. This trade represents a 3.39% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,704 shares of company stock worth $12,206,910. 0.34% of the stock is currently owned by corporate insiders.
Hershey Stock Performance
NYSE:HSY opened at $192.19 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 0.89. The firm has a 50-day moving average of $186.17 and a two-hundred day moving average of $174.09. The stock has a market cap of $38.96 billion, a P/E ratio of 25.52, a PEG ratio of 4.65 and a beta of 0.26. 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 posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.23. The company had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.50 billion. Hershey had a net margin of 13.54% and a return on equity of 37.36%. The firm's revenue for the quarter was up 26.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.27 EPS. Hershey has set its FY 2025 guidance at 5.809-5.997 EPS. On average, research analysts expect that Hershey Company will post 6.12 earnings per share for the current fiscal year.
Hershey Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were paid a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, August 15th. Hershey's dividend payout ratio is 72.78%.
About Hershey
(
Free Report)
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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Want to see what other hedge funds are holding HSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hershey Company (The) (NYSE:HSY - Free Report).
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