Sierra Legacy Group Acquires 334 Shares of Hershey Company (The) $HSY

Sierra Legacy Group increased its stake in Hershey Company (The) (NYSE:HSY) by 2.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,095 shares of the company’s stock after purchasing an additional 334 shares during the period. Hershey makes up approximately 1.9% of Sierra Legacy Group’s portfolio, making the stock its 13th biggest holding. Sierra Legacy Group’s holdings in Hershey were worth $2,505,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of HSY. Traub Capital Management LLC bought a new position in shares of Hershey in the 2nd quarter worth $104,000. Vanguard Group Inc. lifted its holdings in shares of Hershey by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 18,840,577 shares of the company’s stock worth $3,126,594,000 after acquiring an additional 210,131 shares during the last quarter. Frank Rimerman Advisors LLC grew its position in Hershey by 18.3% in the second quarter. Frank Rimerman Advisors LLC now owns 2,977 shares of the company’s stock worth $494,000 after acquiring an additional 460 shares in the last quarter. Nordwand Advisors LLC bought a new position in Hershey in the second quarter valued at $2,705,000. Finally, Dorsey & Whitney Trust CO LLC raised its position in Hershey by 6.2% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 5,383 shares of the company’s stock valued at $893,000 after purchasing an additional 316 shares in the last quarter. 57.96% of the stock is owned by hedge funds and other institutional investors.

Hershey Price Performance

HSY opened at $183.25 on Wednesday. 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 stock has a market capitalization of $37.16 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 4.21 and a beta of 0.24. The stock’s 50 day moving average price is $183.68 and its 200-day moving average price is $176.69.

Hershey (NYSE:HSY) last released its earnings results on Thursday, October 30th. The company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.24. Hershey had a return on equity of 37.36% and a net margin of 13.54%.The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter last year, the business posted $2.34 EPS. The firm’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, equities research analysts predict that Hershey Company will post 6.12 EPS for the current year.

Hershey Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 17th will be issued a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Monday, November 17th. Hershey’s dividend payout ratio is 81.91%.

Insider Buying and Selling at Hershey

In other news, CFO Steven E. Voskuil sold 1,500 shares of the business’s 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 directly owned 56,819 shares of the company’s stock, valued at $10,654,698.88. The trade was a 2.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wall Street Zen upgraded Hershey from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. TD Cowen dropped their target price on Hershey from $204.00 to $200.00 and set a “hold” rating for the company in a research report on Friday, October 31st. Piper Sandler upgraded shares of Hershey from an “underweight” rating to a “neutral” rating and set a $167.00 price target on the stock in a research report on Thursday, October 30th. Bank of America lifted their price target on shares of Hershey from $175.00 to $208.00 and gave the stock a “neutral” rating in a research note on Thursday, July 31st. Finally, Stifel Nicolaus cut their price objective on shares of Hershey from $195.00 to $185.00 and set a “hold” 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $179.05.

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.