Hershey (NYSE:HSY) Stock Acquired Rep. Robert Bresnahan, Jr.

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of The Hershey Company NYSE: HSY. In a filing disclosed on May 31st, the Representative disclosed that they had bought between $1,001 and $15,000 in Hershey stock on May 15th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Zimmer Biomet NYSE: ZBH on 5/15/2025.
• Sold $15,001 - $50,000 in shares of Elevance Health NYSE: ELV on 5/15/2025.
• Sold $15,001 - $50,000 in shares of PepsiCo NASDAQ: PEP on 5/15/2025.
• Sold $1,001 - $15,000 in shares of WEC Energy Group NYSE: WEC on 5/15/2025.
• Purchased $15,001 - $50,000 in shares of Advanced Micro Devices NASDAQ: AMD on 5/15/2025.
• Purchased $1,001 - $15,000 in shares of Kraft Heinz NASDAQ: KHC on 5/15/2025.
• Sold $1,001 - $15,000 in shares of Exxon Mobil NYSE: XOM on 5/15/2025.
• Sold $1,001 - $15,000 in shares of Danaher NYSE: DHR on 5/15/2025.
• Sold $1,001 - $15,000 in shares of International Flavors & Fragrances NYSE: IFF on 5/15/2025.
• Purchased $15,001 - $50,000 in shares of Texas Instruments NASDAQ: TXN on 5/15/2025.

Hershey Stock Down 1.0%

Shares of HSY traded down $1.62 during trading hours on Wednesday, hitting $161.46. The company had a trading volume of 1,114,194 shares, compared to its average volume of 1,871,025. The stock has a market capitalization of $32.71 billion, a price-to-earnings ratio of 14.81, a P/E/G ratio of 5.90 and a beta of 0.32. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.64 and a current ratio of 0.96. The Hershey Company has a 52-week low of $140.13 and a 52-week high of $208.03. The firm has a fifty day moving average price of $163.66 and a 200-day moving average price of $166.06.

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

Hershey Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 16th will be paid 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 dividend yield of 3.39%. Hershey's dividend payout ratio is currently 67.57%.

Analysts Set New Price Targets

Several analysts recently commented on the company. UBS Group cut their price objective on Hershey from $175.00 to $170.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Mizuho decreased their price target on shares of Hershey from $167.00 to $155.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Sanford C. Bernstein upped their price objective on Hershey from $147.00 to $155.00 and gave the stock a "market perform" rating in a research note on Friday, May 2nd. Morgan Stanley reduced their price target on Hershey from $183.00 to $177.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Finally, Royal Bank of Canada cut their price objective on Hershey from $178.00 to $175.00 and set a "sector perform" rating for the company in a research note on Friday, May 2nd. Five equities research analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $158.84.

Insider Transactions at Hershey

In other news, CAO Jennifer Mccalman sold 974 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $157.11, for a total transaction of $153,025.14. Following the completion of the sale, the chief accounting officer now directly owns 2,994 shares of the company's stock, valued at approximately $470,387.34. The trade was a 24.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michele Buck sold 31,210 shares of the company's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $160.80, for a total transaction of $5,018,568.00. Following the completion of the transaction, the chief executive officer now owns 193,624 shares in the company, valued at approximately $31,134,739.20. The trade was a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.34% of the company's stock.

Institutional Trading of Hershey

Large investors have recently made changes to their positions in the business. Trust Co. of Vermont raised its position in Hershey by 2.4% during the first quarter. Trust Co. of Vermont now owns 2,691 shares of the company's stock valued at $460,000 after purchasing an additional 62 shares during the period. Ignite Planners LLC lifted its position in Hershey by 5.2% in the first quarter. Ignite Planners LLC now owns 1,278 shares of the company's stock worth $214,000 after buying an additional 63 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. boosted its stake in Hershey by 0.9% during the first quarter. Klein Pavlis & Peasley Financial Inc. now owns 7,248 shares of the company's stock worth $1,229,000 after buying an additional 66 shares during the period. Allworth Financial LP increased its position in Hershey by 0.9% during the first quarter. Allworth Financial LP now owns 7,189 shares of the company's stock valued at $1,179,000 after acquiring an additional 67 shares during the last quarter. Finally, UNIVEST FINANCIAL Corp raised its stake in shares of Hershey by 1.5% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 4,500 shares of the company's stock valued at $762,000 after acquiring an additional 68 shares during the period. 57.96% of the stock is currently owned by institutional investors.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About Hershey

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.