Picton Mahoney Asset Management Invests $2.43 Million in Hershey Company (The) $HSY

Key Points

• Picton Mahoney Asset Management initiated a new position in The Hershey Company, purchasing 12,975 shares worth about $2.43 million during the third quarter.
• Hershey beat quarterly estimates with $1.71 EPS on $3.09 billion revenue and set FY2026 guidance of $8.20–$8.52 EPS; MarketBeat shows a consensus rating of Hold and a $222.21 target price.
• The company raised its quarterly dividend to $1.452 (annualized $5.81, ~2.6% yield), while insiders have sold roughly 10,000 shares totaling about $2.15 million in the last 90 days.

Picton Mahoney Asset Management purchased a new position in Hershey Company (The) (NYSE:HSY - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,975 shares of the company's stock, valued at approximately $2,428,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SJS Investment Consulting Inc. grew its holdings in shares of Hershey by 1,537.5% in the third quarter. SJS Investment Consulting Inc. now owns 131 shares of the company's stock valued at $25,000 after purchasing an additional 123 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in Hershey in the 2nd quarter valued at about $31,000. Vermillion & White Wealth Management Group LLC boosted its holdings in Hershey by 46.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 199 shares of the company's stock valued at $33,000 after purchasing an additional 63 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of Hershey in the 2nd quarter valued at approximately $36,000. Finally, Park Place Capital Corp acquired a new stake in shares of Hershey during the 3rd quarter worth approximately $41,000. 57.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HSY has been the subject of several research reports. Morgan Stanley set a $238.00 target price on shares of Hershey in a report on Friday, February 6th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $188.00 price target on shares of Hershey in a research report on Thursday, January 29th. Weiss Ratings reiterated a "hold (c)" rating on shares of Hershey in a report on Thursday, January 22nd. Royal Bank Of Canada reissued a "sector perform" rating and set a $185.00 target price on shares of Hershey in a research note on Tuesday, February 3rd. Finally, DA Davidson set a $243.00 target price on Hershey in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat.com, Hershey presently has a consensus rating of "Hold" and a consensus target price of $222.21.

Insider Transactions at Hershey

In related news, SVP Jason Reiman sold 2,000 shares of Hershey stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $226.07, for a total value of $452,140.00. Following the transaction, the senior vice president directly owned 41,036 shares in the company, valued at $9,277,008.52. This trade represents a 4.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Rohit Grover sold 3,500 shares of the business's stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $226.07, for a total transaction of $791,245.00. Following the transaction, the insider owned 34,568 shares in the company, valued at approximately $7,814,787.76. This trade represents a 9.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 10,000 shares of company stock worth $2,153,645 over the last 90 days. 0.34% of the stock is currently owned by insiders.

Hershey Stock Down 2.3%

HSY opened at $226.67 on Friday. Hershey Company has a one year low of $150.04 and a one year high of $239.48. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.72 and a current ratio of 1.19. The stock has a market capitalization of $45.94 billion, a P/E ratio of 52.23, a price-to-earnings-growth ratio of 1.46 and a beta of 0.14. The business's 50-day simple moving average is $206.25 and its 200-day simple moving average is $191.64.

Hershey (NYSE:HSY - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.40 by $0.31. Hershey had a return on equity of 27.90% and a net margin of 7.55%.The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the previous year, the company posted $2.69 earnings per share. The firm's revenue was up 7.0% compared to the same quarter last year. Hershey has set its FY 2026 guidance at 8.200-8.520 EPS. Analysts anticipate that Hershey Company will post 6.12 EPS for the current year.

Hershey Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Tuesday, February 17th will be paid a $1.452 dividend. This is an increase from Hershey's previous quarterly dividend of $1.37. The ex-dividend date is Tuesday, February 17th. This represents a $5.81 annualized dividend and a dividend yield of 2.6%. Hershey's dividend payout ratio (DPR) is 133.87%.

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.

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