Jump Financial LLC Has $2.78 Million Stake in Hershey Company (The) $HSY

Key Points

• Jump Financial LLC significantly increased its holdings in Hershey Company by 694.5% during Q1, now owning 16,264 shares worth approximately $2.78 million.
• Hershey's earnings beat analysts' expectations, reporting $1.21 EPS for the last quarter with revenue of $2.61 billion, a 26% increase year-over-year.
• The company declared a quarterly dividend of $1.37 per share, representing an annualized yield of 3.0%, with the payout ratio currently at 72.78%.

Jump Financial LLC lifted its position in shares of Hershey Company (The) (NYSE:HSY - Free Report) by 694.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,264 shares of the company's stock after purchasing an additional 14,217 shares during the quarter. Jump Financial LLC's holdings in Hershey were worth $2,782,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of HSY. Putney Financial Group LLC bought a new position in shares of Hershey during the 4th quarter worth approximately $25,000. Mpwm Advisory Solutions LLC bought a new position in shares of Hershey during the 4th quarter worth approximately $28,000. Proffitt & Goodson Inc. bought a new position in shares of Hershey during the 1st quarter worth approximately $28,000. Tradewinds Capital Management LLC lifted its position in shares of Hershey by 129.5% during the 1st quarter. Tradewinds Capital Management LLC now owns 179 shares of the company's stock worth $31,000 after buying an additional 101 shares during the period. Finally, Fort Vancouver Investment Management LLC bought a new position in shares of Hershey during the 1st quarter worth approximately $34,000. Institutional investors own 57.96% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on HSY. Mizuho lifted their price objective on Hershey from $155.00 to $165.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Stifel Nicolaus lifted their target price on Hershey from $160.00 to $180.00 and gave the company a "hold" rating in a research note on Tuesday, July 29th. Barclays lifted their target price on Hershey from $165.00 to $190.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Piper Sandler lifted their target price on Hershey from $145.00 to $160.00 and gave the company an "underweight" rating in a research note on Thursday, July 31st. Finally, Royal Bank Of Canada lowered their target price on Hershey from $178.00 to $175.00 and set a "sector perform" rating for the company in a research note on Friday, May 2nd. Fourteen research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $170.83.

Insider Buying and Selling

In other Hershey news, insider Rohit Grover sold 1,334 shares of the firm'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 $240,120.00. Following the completion of the transaction, the insider directly owned 38,068 shares in the company, valued at $6,852,240. This trade represents a 3.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michele Buck sold 19,290 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 $3,472,200.00. Following the transaction, the chief executive officer directly owned 193,624 shares in the company, valued at $34,852,320. This trade represents a 9.06% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 86,127 shares of company stock valued at $15,759,755. 0.34% of the stock is currently owned by company insiders.

Hershey Trading Up 2.2%

NYSE:HSY traded up $3.93 on Friday, reaching $183.92. The company's stock had a trading volume of 1,108,713 shares, compared to its average volume of 1,422,811. Hershey Company has a 1-year low of $140.13 and a 1-year high of $208.03. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.89 and a current ratio of 1.53. The firm has a market cap of $37.28 billion, a PE ratio of 24.42, a PEG ratio of 4.36 and a beta of 0.27. The business's 50-day moving average price is $177.44 and its two-hundred day moving average price is $170.33.

Hershey (NYSE:HSY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.21 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.23. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.50 billion. Hershey had a return on equity of 37.36% and a net margin of 13.54%.The company's quarterly revenue was up 26.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.27 earnings per share. Hershey has set its FY 2025 guidance at 5.809-5.997 EPS. Equities research analysts anticipate that Hershey Company will post 6.12 earnings per share for the current fiscal year.

Hershey Announces Dividend

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