Oxbow Advisors LLC Takes $2.89 Million Position in Hershey Company (The) $HSY

Key Points

• Oxbow Advisors initiated a $2.89 million position in Hershey during the second quarter by purchasing 16,455 shares. Institutional investors and hedge funds collectively own 57.96% of HSY.
• Hershey reported quarterly EPS of $1.90, exceeding estimates of $1.43, while revenue rose 6.6% year over year to $2.79 billion. The company reaffirmed fiscal 2026 EPS guidance of $8.36–$8.52.
• Analysts maintain a consensus “Hold” rating with an average price target of $203.61, while Hershey announced a quarterly dividend of $1.452 per share, representing a 3.2% annualized yield.

Oxbow Advisors LLC bought a new position in shares of Hershey Company (The) (NYSE:HSY - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 16,455 shares of the company's stock, valued at approximately $2,887,000.

Several other hedge funds have also added to or reduced their stakes in the company. Wealthfront Advisers LLC acquired a new position in Hershey in the 2nd quarter valued at $9,566,000. Rayburn West Financial Services LLC acquired a new stake in shares of Hershey during the second quarter worth $856,000. Valley Forge Investment Consultants Inc. ADV bought a new stake in shares of Hershey in the second quarter valued at about $675,000. Equity Investment Corp bought a new stake in shares of Hershey in the second quarter valued at about $100,434,000. Finally, Meeder Advisory Services Inc. bought a new stake in shares of Hershey in the second quarter valued at about $355,000. 57.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Hershey

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HSY shares. Barclays lowered their price target on shares of Hershey from $208.00 to $200.00 and set an "equal weight" rating on the stock in a research report on Monday, August 3rd. Morgan Stanley cut their price objective on shares of Hershey from $247.00 to $227.00 and set an "overweight" rating for the company in a report on Thursday, April 23rd. Wells Fargo & Company decreased their target price on shares of Hershey from $200.00 to $190.00 and set an "equal weight" rating on the stock in a research report on Friday, July 31st. TD Cowen raised shares of Hershey from a "hold" rating to a "buy" rating and set a $210.00 target price on the stock in a report on Friday, May 1st. Finally, Mizuho dropped their price target on shares of Hershey from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Wednesday, May 20th. Seven 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 a consensus target price of $203.61.

Hershey Stock Performance

HSY opened at $183.67 on Wednesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.66 and a current ratio of 1.18. Hershey Company has a 52-week low of $161.43 and a 52-week high of $239.48. The firm has a market cap of $36.90 billion, a P/E ratio of 25.09, a price-to-earnings-growth ratio of 1.12 and a beta of 0.11. The business's fifty day moving average is $177.91 and its 200-day moving average is $195.62.

Hershey (NYSE:HSY - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.90 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.47. Hershey had a return on equity of 31.92% and a net margin of 12.24%.The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter in the previous year, the firm earned $1.21 earnings per share. Hershey's revenue for the quarter was up 6.6% compared to the same quarter last year. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. Sell-side analysts expect that Hershey Company will post 8.49 EPS for the current fiscal year.

Hershey Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be given a $1.452 dividend. The ex-dividend date is Friday, August 14th. This represents a $5.81 annualized dividend and a dividend yield of 3.2%. Hershey's payout ratio is presently 79.23%.

Hershey Company 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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source