Nordwand Advisors LLC Takes Position in Hershey Company (The) $HSY

Nordwand Advisors LLC bought a new position in shares of Hershey Company (The) (NYSE:HSY) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,300 shares of the company’s stock, valued at approximately $2,705,000.

A number of other hedge funds have also added to or reduced their stakes in HSY. Trust Co. of Toledo NA OH bought a new stake in Hershey during the 2nd quarter worth about $28,000. Zions Bancorporation National Association UT acquired a new stake in shares of Hershey in the first quarter valued at about $36,000. Fourth Dimension Wealth LLC bought a new stake in Hershey during the second quarter worth about $39,000. WPG Advisers LLC acquired a new position in Hershey during the first quarter valued at approximately $47,000. Finally, Iron Horse Wealth Management LLC grew 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 purchasing an additional 271 shares in the last quarter. Institutional investors own 57.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. DA Davidson cut their price objective on Hershey from $188.00 to $185.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Morgan Stanley reiterated a “mixed” rating and issued a $184.00 price target on shares of Hershey in a research note on Friday, October 31st. Wall Street Zen raised shares of Hershey from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Sanford C. Bernstein upped their target price on shares of Hershey from $155.00 to $179.00 and gave the company a “market perform” rating in a report on Thursday, July 31st. Finally, UBS Group cut their target price on shares of Hershey from $205.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Three research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $179.05.

Insider Buying and Selling

In other Hershey news, CFO Steven E. Voskuil sold 1,500 shares of the stock in a transaction on Monday, October 20th. The stock was sold at an average price of $187.52, for a total transaction of $281,280.00. Following the transaction, the chief financial officer owned 56,819 shares in the company, valued at $10,654,698.88. This trade represents a 2.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

Hershey Stock Up 0.0%

Shares of HSY opened at $179.22 on Tuesday. The firm has a market cap of $36.34 billion, a P/E ratio of 23.80, a price-to-earnings-growth ratio of 4.21 and a beta of 0.24. 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 $183.77 and its 200 day simple moving average is $176.55.

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

Hershey Dividend Announcement

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

Hershey 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.