Hershey Company (The) $HSY Shares Sold by Culbertson A N & Co. Inc.

Culbertson A N & Co. Inc. decreased its holdings in shares of Hershey Company (The) (NYSE:HSY) by 7.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,277 shares of the company’s stock after selling 1,290 shares during the quarter. Culbertson A N & Co. Inc.’s holdings in Hershey were worth $2,535,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Trust Co. of Toledo NA OH purchased a new stake in shares of Hershey during the 2nd quarter worth approximately $28,000. Zions Bancorporation National Association UT purchased a new position in shares of Hershey in the 1st quarter valued at $36,000. Fourth Dimension Wealth LLC acquired a new stake in Hershey during the 2nd quarter worth $39,000. WPG Advisers LLC purchased a new stake in Hershey in the first quarter valued at $47,000. Finally, Iron Horse Wealth Management LLC boosted its stake in Hershey by 934.5% in the second quarter. Iron Horse Wealth Management LLC now owns 300 shares of the company’s stock valued at $50,000 after acquiring an additional 271 shares in the last quarter. 57.96% of the stock is currently owned by hedge funds and other institutional investors.

Hershey Price Performance

Hershey stock opened at $179.22 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 0.89. The business has a 50 day simple moving average of $183.77 and a 200-day simple moving average of $176.55. Hershey Company has a 12 month low of $140.13 and a 12 month high of $208.03. The stock has a market capitalization of $36.34 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 4.21 and a beta of 0.24.

Hershey (NYSE:HSY) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.24. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.11 billion. Hershey had a net margin of 13.54% and a return on equity of 37.36%. Hershey’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $2.34 EPS. Hershey has set its FY 2025 guidance at 5.900-6.000 EPS. Equities analysts predict that Hershey Company will post 6.12 earnings per share for the current year.

Hershey Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 17th will be given a $1.37 dividend. The ex-dividend date is Monday, November 17th. This represents a $5.48 dividend on an annualized basis and a yield of 3.1%. Hershey’s dividend payout ratio (DPR) is presently 81.91%.

Insiders Place Their Bets

In other Hershey news, CFO Steven E. Voskuil sold 1,500 shares of Hershey stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $187.52, for a total value of $281,280.00. Following the sale, the chief financial officer owned 56,819 shares of the company’s stock, valued at approximately $10,654,698.88. The trade was a 2.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HSY shares. Wall Street Zen upgraded Hershey from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Wells Fargo & Company lifted their price target on Hershey from $154.00 to $157.00 and gave the stock an “underweight” rating in a research report on Thursday, September 25th. JPMorgan Chase & Co. boosted their price objective on Hershey from $187.00 to $189.00 and gave the company a “neutral” rating in a research note on Monday, October 20th. BNP Paribas Exane upgraded shares of Hershey from a “neutral” rating to an “outperform” rating in a research report on Monday, September 15th. Finally, DA Davidson cut their target price on shares of Hershey from $188.00 to $185.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $179.05.

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.