Roundview Capital LLC Has $622,000 Stock Position in Hershey Company (The) $HSY

Key Points

• Roundview Capital LLC reduced its stake in Hershey Company by 31.4% during the 2nd quarter, holding 3,751 shares worth $622,000 after selling 1,720 shares.
• Hershey's CEO, Michele Buck, sold 19,290 shares at approximately $180.00 per share, reflecting a 9.06% decrease in her position.
• The company reported a 26.0% increase in quarterly revenue year-over-year, reaching $2.61 billion, with earnings per share of $1.21, surpassing analysts' estimates.

Roundview Capital LLC decreased its stake in shares of Hershey Company (The) (NYSE:HSY - Free Report) by 31.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,751 shares of the company's stock after selling 1,720 shares during the quarter. Roundview Capital LLC's holdings in Hershey were worth $622,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in HSY. Proffitt & Goodson Inc. acquired a new position in shares of Hershey during the 1st quarter worth approximately $28,000. Tradewinds Capital Management LLC increased 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 purchasing an additional 101 shares during the last quarter. Fort Vancouver Investment Management LLC acquired a new position in shares of Hershey during the 1st quarter worth approximately $34,000. MorganRosel Wealth Management LLC acquired a new stake in shares of Hershey in the first quarter valued at approximately $35,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Hershey in the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 57.96% of the company's stock.

Insiders Place Their Bets

In other Hershey news, CEO Michele Buck sold 19,290 shares of the firm's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $180.00, for a total transaction of $3,472,200.00. Following the transaction, the chief executive officer owned 193,624 shares in the company, valued at $34,852,320. This trade represents a 9.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rohit Grover sold 1,334 shares of the firm's stock in a transaction 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 transaction, the insider owned 38,068 shares in the company, valued at approximately $6,852,240. This trade represents a 3.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 65,704 shares of company stock worth $12,206,910 in the last 90 days. Company insiders own 0.28% of the company's stock.

Hershey Price Performance

Shares of NYSE HSY opened at $194.38 on Wednesday. The firm has a market cap of $39.41 billion, a P/E ratio of 25.81, a price-to-earnings-growth ratio of 4.72 and a beta of 0.26. 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 business's 50 day moving average is $185.84 and its 200-day moving average is $173.59.

Hershey (NYSE:HSY - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $1.21 earnings per share for the quarter, topping 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 firm's quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.27 earnings per share. Hershey has set its FY 2025 guidance at 5.809-5.997 EPS. Equities research analysts predict that Hershey Company will post 6.12 earnings per share for the current year.

Hershey Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were paid a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, August 15th. Hershey's dividend payout ratio (DPR) is 72.78%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wells Fargo & Company raised their price objective on Hershey from $154.00 to $157.00 and gave the company an "underweight" rating in a research report on Thursday, September 25th. Morgan Stanley raised their price objective on Hershey from $173.00 to $189.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Bank of America raised their price objective on Hershey from $175.00 to $208.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. assumed coverage on Hershey in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $187.00 price objective for the company. Finally, Barclays raised their price objective on Hershey from $165.00 to $190.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus target price 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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