Klein Pavlis & Peasley Financial Inc. Has $1.76 Million Stock Position in Hershey Company (The) $HSY

Key Points

• Klein Pavlis & Peasley Financial Inc. increased its stake in Hershey Company by 46% in Q2, now owning 10,584 shares worth approximately $1.76 million.
• Insider sales included CFO Steven E. Voskuil and CEO Michele Buck, who sold a total of 24,290 shares valued at around $4.37 million, indicating a decrease in their ownership.
• Hershey reported $1.21 EPS in its last earnings announcement, exceeding analyst predictions, with a revenue increase of 26% year-over-year.

Klein Pavlis & Peasley Financial Inc. raised its position in Hershey Company (The) (NYSE:HSY - Free Report) by 46.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,584 shares of the company's stock after buying an additional 3,336 shares during the period. Klein Pavlis & Peasley Financial Inc.'s holdings in Hershey were worth $1,756,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Uncommon Cents Investing LLC acquired a new stake in shares of Hershey during the second quarter worth approximately $505,000. Virginia Wealth Management Group Inc. increased its holdings in Hershey by 1.6% during the 2nd quarter. Virginia Wealth Management Group Inc. now owns 21,305 shares of the company's stock valued at $3,536,000 after purchasing an additional 341 shares in the last quarter. Tempus Wealth Planning LLC increased its holdings in Hershey by 2.5% during the 2nd quarter. Tempus Wealth Planning LLC now owns 6,616 shares of the company's stock valued at $1,098,000 after purchasing an additional 160 shares in the last quarter. 1834 Investment Advisors Co. grew its holdings in shares of Hershey by 1,102.9% during the second quarter. 1834 Investment Advisors Co. now owns 22,987 shares of the company's stock worth $3,815,000 after purchasing an additional 21,076 shares during the last quarter. Finally, Eagle Global Advisors LLC increased its stake in shares of Hershey by 40.5% in the second quarter. Eagle Global Advisors LLC now owns 2,121 shares of the company's stock valued at $352,000 after buying an additional 611 shares in the last quarter. 57.96% of the stock is owned by institutional investors.

Insider Activity

In other Hershey news, CFO Steven E. Voskuil sold 5,000 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer directly owned 61,319 shares of the company's stock, valued at approximately $11,037,420. The trade was a 7.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michele Buck sold 19,290 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer directly owned 193,624 shares in the company, valued at approximately $34,852,320. This represents a 9.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold 87,627 shares of company stock worth $16,043,435 over the last quarter. Corporate insiders own 0.28% of the company's stock.

Hershey Trading Up 1.6%

NYSE:HSY opened at $188.26 on Monday. The company has a current ratio of 1.53, a quick ratio of 0.89 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. The firm has a market capitalization of $38.16 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 4.54 and a beta of 0.27. The business's 50-day moving average price is $184.86 and its two-hundred day moving average price is $172.54.

Hershey (NYSE:HSY - Get Free Report) last announced 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. Hershey had a return on equity of 37.36% and a net margin of 13.54%.The company had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the prior year, the business posted $1.27 EPS. Hershey's revenue was up 26.0% on a year-over-year basis. Hershey has set its FY 2025 guidance at 5.809-5.997 EPS. On average, equities analysts expect that Hershey Company will post 6.12 earnings per share for the current year.

Hershey Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were given a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, August 15th. Hershey's dividend payout ratio (DPR) is currently 72.78%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Piper Sandler upped their price target on shares of Hershey from $160.00 to $167.00 and gave the stock an "underweight" rating in a research report on Tuesday, September 9th. Wall Street Zen raised shares of Hershey from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. started coverage on shares of Hershey in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $187.00 price objective for the company. Stifel Nicolaus increased their price objective on Hershey from $160.00 to $180.00 and gave the company a "hold" rating in a research report on Tuesday, July 29th. Finally, BNP Paribas Exane raised Hershey from a "neutral" rating to an "outperform" rating in a research note on Monday, September 15th. Two analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $174.05.

Hershey Profile

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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