Tectonic Advisors LLC Has $738,000 Stock Position in Hershey Company (The) $HSY

Tectonic Advisors LLC reduced its holdings in shares of Hershey Company (The) (NYSE:HSY) by 4.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,445 shares of the company’s stock after selling 193 shares during the quarter. Tectonic Advisors LLC’s holdings in Hershey were worth $738,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. AMI Investment Management Inc. grew its holdings in shares of Hershey by 1.4% during the second quarter. AMI Investment Management Inc. now owns 12,434 shares of the company’s stock valued at $2,063,000 after buying an additional 174 shares during the last quarter. Maryland State Retirement & Pension System lifted its position in shares of Hershey by 4.0% during the second quarter. Maryland State Retirement & Pension System now owns 7,081 shares of the company’s stock valued at $1,175,000 after purchasing an additional 273 shares in the last quarter. Massachusetts Wealth Management lifted its position in shares of Hershey by 2.9% during the second quarter. Massachusetts Wealth Management now owns 6,132 shares of the company’s stock valued at $1,018,000 after purchasing an additional 175 shares in the last quarter. REAP Financial Group LLC lifted its position in shares of Hershey by 177.3% during the second quarter. REAP Financial Group LLC now owns 366 shares of the company’s stock valued at $61,000 after purchasing an additional 234 shares in the last quarter. Finally, KLP Kapitalforvaltning AS lifted its position in shares of Hershey by 2.7% during the second quarter. KLP Kapitalforvaltning AS now owns 131,295 shares of the company’s stock valued at $21,788,000 after purchasing an additional 3,400 shares in the last quarter. 57.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Steven E. Voskuil sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $189.12, for a total value of $283,680.00. Following the sale, the chief financial officer owned 58,319 shares of the company’s stock, valued at $11,029,289.28. The trade was a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Rohit Grover sold 1,334 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $180.00, for a total transaction of $240,120.00. Following the completion of the sale, the insider directly 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 valued at $12,206,910 over the last quarter. Company insiders own 0.34% of the company’s stock.

Hershey Stock Performance

Shares of HSY stock opened at $192.29 on Friday. The firm has a market cap of $38.98 billion, a price-to-earnings ratio of 25.54, a P/E/G ratio of 4.72 and a beta of 0.26. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.89 and a current ratio of 1.53. Hershey Company has a 52 week low of $140.13 and a 52 week high of $208.03. The firm’s 50-day simple moving average is $186.10 and its two-hundred day simple moving average is $173.91.

Hershey (NYSE:HSY) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $0.98 by $0.23. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.50 billion. Hershey had a net margin of 13.54% and a return on equity of 37.36%. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.27 earnings per share. Hershey has set its FY 2025 guidance at 5.809-5.997 EPS. As a group, equities analysts forecast that Hershey Company will post 6.12 earnings per share for the current year.

Hershey Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were given a $1.37 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $5.48 annualized dividend and a dividend yield of 2.8%. Hershey’s payout ratio is 72.78%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HSY shares. Mizuho raised their price target on shares of Hershey from $155.00 to $165.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Hershey in a research report on Wednesday. Sanford C. Bernstein raised their price target on shares of Hershey from $155.00 to $179.00 and gave the company a “market perform” rating in a research report on Thursday, July 31st. Wells Fargo & Company raised their price target on shares of Hershey from $154.00 to $157.00 and gave the company an “underweight” rating in a research report on Thursday, September 25th. Finally, Morgan Stanley raised their price target on shares of Hershey from $173.00 to $189.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. 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’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $175.89.

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.