UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $196.55 Million Holdings in Hershey Company (The) $HSY

Key Points

• UBS Asset Management increased its Hershey stake by 3.2% in the second quarter, owning 1.12 million shares worth approximately $196.55 million, or 0.56% of the company. Institutional investors collectively own 57.96% of Hershey.
• Hershey reported quarterly EPS of $1.90, beating the $1.43 consensus estimate, while revenue rose 6.6% year over year to $2.79 billion. The company maintained annualized dividends of $5.81 per share, yielding about 3.3%.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $204.78. Shares recently opened at $176.36, below the 52-week high of $239.48.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Hershey Company (The) (NYSE:HSY - Free Report) by 3.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,120,257 shares of the company's stock after acquiring an additional 34,873 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.56% of Hershey worth $196,549,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in HSY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Hershey by 6.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,310 shares of the company's stock valued at $2,618,000 after purchasing an additional 937 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Hershey by 20.2% during the second quarter. EverSource Wealth Advisors LLC now owns 697 shares of the company's stock worth $116,000 after buying an additional 117 shares in the last quarter. Gamco Investors INC. ET AL purchased a new stake in Hershey in the 2nd quarter valued at $267,000. Bank of Nova Scotia lifted its stake in Hershey by 4.5% during the 2nd quarter. Bank of Nova Scotia now owns 17,927 shares of the company's stock valued at $2,975,000 after acquiring an additional 769 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Hershey by 5.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 22,247 shares of the company's stock valued at $3,692,000 after acquiring an additional 1,149 shares in the last quarter. Institutional investors and hedge funds own 57.96% of the company's stock.

Hershey Price Performance

Shares of NYSE:HSY opened at $176.36 on Tuesday. The company has a market capitalization of $35.44 billion, a P/E ratio of 24.09, a price-to-earnings-growth ratio of 1.09 and a beta of 0.11. The company's 50-day moving average is $179.28 and its 200 day moving average is $193.92. 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 fifty-two week low of $161.43 and a fifty-two week high of $239.48.

Hershey (NYSE:HSY - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.47. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the company posted $1.21 earnings per share. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. On average, equities research analysts forecast that Hershey Company will post 8.49 earnings per share for the current year.

Hershey Dividend Announcement

The business 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 dividend of $1.452 per share. This represents a $5.81 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, August 14th. Hershey's dividend payout ratio is currently 79.37%.

Insider Activity

In related news, CFO Steven E. Voskuil sold 1,500 shares of Hershey stock in a transaction that occurred 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 of the company's stock, valued at approximately $9,043,150. The trade was a 2.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HSY. Wells Fargo & Company reduced their target price on shares of Hershey from $200.00 to $190.00 and set an "equal weight" rating for the company in a research note on Friday, July 31st. UBS Group raised their price target on shares of Hershey from $190.00 to $198.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. DA Davidson set a $190.00 price target on shares of Hershey in a report on Friday, July 31st. Barclays reduced their price objective on shares of Hershey from $208.00 to $200.00 and set an "equal weight" rating for the company in a research report on Monday, August 3rd. Finally, Stifel Nicolaus dropped their target price on shares of Hershey from $215.00 to $180.00 and set a "hold" rating on the stock in a research report on Wednesday, July 22nd. Seven analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $204.78.

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.

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