Rep. Dan Newhouse Sells Off Shares of The Hershey Company (NYSE:HSY)

Representative Dan Newhouse (R-Washington) recently sold shares of The Hershey Company NYSE: HSY. In a filing disclosed on May 16th, the Representative disclosed that they had sold between $1,001 and $15,000 in Hershey stock on April 11th. The trade occurred in the Representative's "EDWARD JONES IRA" account.

Representative Dan Newhouse also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of PayPal NASDAQ: PYPL on 4/11/2025.
• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Moody's NYSE: MCO on 4/11/2025.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Dollar General NYSE: DG on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Lowe's Companies NYSE: LOW on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 4/11/2025.
• Sold $1,001 - $15,000 in shares of BlackRock NYSE: BLK on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 4/11/2025.

Hershey Trading Down 1.5%

Shares of HSY traded down $2.31 during trading on Wednesday, reaching $155.92. 1,248,391 shares of the company traded hands, compared to its average volume of 1,786,645. The Hershey Company has a twelve month low of $140.13 and a twelve month high of $208.03. The stock has a market cap of $31.59 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 5.90 and a beta of 0.32. The stock has a 50-day simple moving average of $164.41 and a 200-day simple moving average of $166.70. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.68.

Hershey (NYSE:HSY - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.94 by $0.15. Hershey had a net margin of 19.83% and a return on equity of 44.77%. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same quarter last year, the firm posted $3.07 earnings per share. The business's revenue for the quarter was down 13.8% compared to the same quarter last year. On average, analysts anticipate that The Hershey Company will post 6.12 earnings per share for the current year.

Hershey Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 16th will be given a $1.37 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $5.48 dividend on an annualized basis and a yield of 3.51%. Hershey's payout ratio is currently 67.57%.

Wall Street Analyst Weigh In

HSY has been the topic of several analyst reports. DA Davidson raised their target price on shares of Hershey from $162.00 to $163.00 and gave the company a "neutral" rating in a report on Monday, May 5th. UBS Group reduced their price objective on shares of Hershey from $175.00 to $170.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Citigroup lowered their target price on shares of Hershey from $173.00 to $165.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Wells Fargo & Company boosted their price target on shares of Hershey from $125.00 to $132.00 and gave the company an "underweight" rating in a research report on Friday, March 14th. Finally, Piper Sandler cut Hershey from a "neutral" rating to an "underweight" rating and cut their target price for the stock from $153.00 to $120.00 in a research report on Friday, January 31st. Five research analysts have rated the stock with a sell rating and fifteen have given a hold rating to the stock. According to data from MarketBeat.com, Hershey presently has an average rating of "Hold" and an average target price of $162.15.

Institutional Investors Weigh In On Hershey

A number of institutional investors and hedge funds have recently modified their holdings of the company. Montag & Caldwell LLC purchased a new position in shares of Hershey in the fourth quarter valued at $25,000. Putney Financial Group LLC acquired a new stake in Hershey in the 4th quarter valued at about $25,000. Crowley Wealth Management Inc. purchased a new position in Hershey during the 4th quarter valued at about $28,000. Mpwm Advisory Solutions LLC acquired a new position in Hershey during the fourth quarter worth about $28,000. Finally, Proffitt & Goodson Inc. acquired a new position in Hershey during the first quarter worth about $28,000. Institutional investors and hedge funds own 57.96% of the company's stock.

About Representative Newhouse

Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington's 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington's 4th Congressional District. He won in the general election on November 5, 2024. Click here to see Newhouse's key votes in Congress. Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013. Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.

Hershey Company 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.