OneDigital Investment Advisors LLC Purchases New Position in Hershey Company (The) $HSY

Key Points

• OneDigital Investment Advisors acquired 32,718 Hershey shares in the second quarter, worth approximately $5.74 million. Hedge funds and other institutional investors collectively own 57.96% of HSY.
• Analysts maintain a cautious outlook, with seven Buy ratings and 16 Hold ratings producing an average rating of Hold and an average price target of $203.61.
• Hershey reported stronger-than-expected quarterly results, posting $1.90 EPS and $2.79 billion in revenue, while declaring a $1.452 quarterly dividend, equivalent to a 3.2% annualized yield.

OneDigital Investment Advisors LLC acquired a new position in Hershey Company (The) (NYSE:HSY - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 32,718 shares of the company's stock, valued at approximately $5,740,000.

A number of other hedge funds have also bought and sold shares of HSY. Syon Capital LLC increased its stake in Hershey by 1.5% in the 4th quarter. Syon Capital LLC now owns 3,020 shares of the company's stock worth $550,000 after acquiring an additional 46 shares during the last quarter. Haverford Trust Co grew its holdings in shares of Hershey by 0.7% during the 4th quarter. Haverford Trust Co now owns 6,796 shares of the company's stock valued at $1,237,000 after purchasing an additional 46 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Hershey by 2.0% in the 4th quarter. Larson Financial Group LLC now owns 2,561 shares of the company's stock valued at $466,000 after acquiring an additional 50 shares during the last quarter. Venture Visionary Partners LLC lifted its position in Hershey by 0.7% in the fourth quarter. Venture Visionary Partners LLC now owns 8,034 shares of the company's stock valued at $1,462,000 after purchasing an additional 53 shares during the last quarter. Finally, Bruce G. Allen Investments LLC grew its holdings in Hershey by 4.3% in the 4th quarter. Bruce G. Allen Investments LLC now owns 1,325 shares of the company's stock worth $241,000 after acquiring an additional 55 shares during the last quarter. 57.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HSY has been the topic of several research analyst reports. Morgan Stanley reduced their price target on shares of Hershey from $247.00 to $227.00 and set an "overweight" rating on the stock in a research report on Thursday, April 23rd. JPMorgan Chase & Co. upped their price target on shares of Hershey from $191.00 to $193.00 and gave the stock a "neutral" rating in a research note on Friday, July 31st. 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. UBS Group lifted their price target on shares of Hershey from $190.00 to $198.00 and gave the stock a "neutral" rating in a research note on Friday, July 31st. Finally, The Goldman Sachs Group set a $240.00 target price on Hershey in a report on Friday, May 1st. Seven investment analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $203.61.

Hershey Trading Up 0.0%

HSY stock opened at $184.29 on Monday. The firm's 50-day moving average is $177.65 and its 200 day moving average is $195.75. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.18 and a quick ratio of 0.66. Hershey Company has a 12 month low of $161.43 and a 12 month high of $239.48. The company has a market capitalization of $37.03 billion, a PE ratio of 25.18, a P/E/G ratio of 1.12 and a beta of 0.11.

Hershey (NYSE:HSY - Get Free Report) last issued its earnings results 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. The company had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.63 billion. Hershey had a net margin of 12.24% and a return on equity of 31.92%. The firm's quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.21 EPS. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. On average, research analysts anticipate that Hershey Company will post 8.49 EPS for the current year.

Hershey Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be paid a dividend of $1.452 per share. This represents a $5.81 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, August 14th. Hershey's payout ratio is presently 79.37%.

Insiders Place Their Bets

In other news, CFO Steven E. Voskuil sold 1,500 shares of the stock in a transaction on Monday, July 20th. The shares were sold at an average price of $170.00, for a total value of $255,000.00. Following the sale, the chief financial officer owned 53,195 shares in the company, valued at $9,043,150. This represents a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.08% of the company's stock.

Hershey Profile

The Hershey Company NYSE: HSY is a leading North American chocolatier and snack manufacturer headquartered in Hershey, Pennsylvania. The company develops, produces and markets a wide range of confectionery and snack products for retail, foodservice and international customers. Hershey's business spans manufacturing, branded product marketing, packaging and distribution across grocery, convenience, mass merchant and e-commerce channels.

Hershey's product portfolio centers on chocolate and sugar confectionery, including core brands such as Hershey's, Reese's, Hershey's Kisses and Twizzlers, alongside non-chocolate snacks and confectionery brands.

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