OVERSEA CHINESE BANKING Corp Ltd Makes New $733,000 Investment in Hershey Company (The) $HSY

OVERSEA CHINESE BANKING Corp Ltd bought a new position in Hershey Company (The) (NYSE:HSY) during the second quarter, Holdings Channel reports. The firm bought 4,179 shares of the company’s stock, valued at approximately $733,000.

Other large investors have also bought and sold shares of the company. Syon Capital LLC lifted its position in shares of Hershey by 1.5% during the fourth quarter. Syon Capital LLC now owns 3,020 shares of the company’s stock valued at $550,000 after purchasing an additional 46 shares in the last quarter. Haverford Trust Co grew its holdings in Hershey by 0.7% during the fourth quarter. Haverford Trust Co now owns 6,796 shares of the company’s stock valued at $1,237,000 after purchasing an additional 46 shares during the period. Larson Financial Group LLC raised its stake in Hershey by 2.0% in the 4th quarter. Larson Financial Group LLC now owns 2,561 shares of the company’s stock valued at $466,000 after acquiring an additional 50 shares during the period. Venture Visionary Partners LLC lifted its stake in shares of Hershey by 0.7% during the 4th quarter. Venture Visionary Partners LLC now owns 8,034 shares of the company’s stock valued at $1,462,000 after buying an additional 53 shares in the last quarter. Finally, Bruce G. Allen Investments LLC lifted its position in shares of Hershey by 4.3% during the fourth quarter. Bruce G. Allen Investments LLC now owns 1,325 shares of the company’s stock worth $241,000 after acquiring an additional 55 shares in the last quarter. 57.96% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Steven E. Voskuil sold 1,500 shares of the stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $170.00, for a total value of $255,000.00. Following the completion of the transaction, the chief financial officer directly owned 53,195 shares of the company’s stock, valued at $9,043,150. This represents a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

HSY has been the subject of a number of analyst reports. Stifel Nicolaus cut their price objective on shares of Hershey from $215.00 to $180.00 and set a “hold” rating for the company in a research report on Wednesday, July 22nd. Bank of America reduced their price objective on Hershey from $220.00 to $200.00 and set a “neutral” rating on the stock in a research report on Thursday, June 25th. Weiss Ratings raised Hershey from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 31st. Royal Bank Of Canada dropped their target price on Hershey from $212.00 to $206.00 and set a “sector perform” rating for the company in a research report on Friday. Finally, Piper Sandler reduced their price target on shares of Hershey from $249.00 to $200.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Seven investment analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $204.78.

Hershey Stock Down 1.1%

Shares of NYSE HSY opened at $186.27 on Friday. The firm’s fifty day moving average is $178.40 and its 200 day moving average is $195.50. Hershey Company has a 52 week low of $161.43 and a 52 week high of $239.48. The company has a market cap of $37.43 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 1.15 and a beta of 0.11. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 1.03.

Hershey (NYSE:HSY) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.43 by $0.47. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.63 billion. Hershey had a net margin of 12.24% and a return on equity of 31.92%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.21 earnings per share. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. On average, equities research analysts expect that Hershey Company will post 8.49 earnings per share for the current year.

Hershey Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be issued a $1.452 dividend. The ex-dividend date is Friday, August 14th. This represents a $5.81 annualized dividend and a yield of 3.1%. Hershey’s dividend payout ratio is 79.23%.

Hershey Company Profile

The Hershey Company (NYSE: HSY) is a leading North American chocolatier and snack manufacturer headquartered in Hershey, Pennsylvania. The company develops, produces and markets a wide range of confectionery and snack products for retail, foodservice and international customers. Hershey’s business spans manufacturing, branded product marketing, packaging and distribution across grocery, convenience, mass merchant and e-commerce channels.

Hershey’s product portfolio centers on chocolate and sugar confectionery, including core brands such as Hershey’s, Reese’s, Hershey’s Kisses and Twizzlers, alongside non-chocolate snacks and confectionery brands.