18,455 Shares in Hershey Company (The) $HSY Purchased by Strategic Global Advisors LLC

Strategic Global Advisors LLC purchased a new stake in Hershey Company (The) (NYSE:HSY) in the second quarter, Holdings Channel.com reports. The firm purchased 18,455 shares of the company’s stock, valued at approximately $3,238,000.

Other hedge funds have also recently bought and sold shares of the company. Wallace Capital Management Inc. acquired a new stake in Hershey during the 2nd quarter valued at approximately $1,199,000. Caisse de depot et placement du Quebec acquired a new position in shares of Hershey in the 2nd quarter valued at approximately $25,672,000. Man Group plc acquired a new position in shares of Hershey in the 2nd quarter valued at approximately $64,095,000. Jupiter Topco LLC purchased a new position in shares of Hershey during the 2nd quarter valued at approximately $3,125,000. Finally, Hsbc Holdings PLC purchased a new position in shares of Hershey during the 2nd quarter valued at approximately $62,664,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

Insider Transactions at Hershey

In other Hershey news, CFO Steven E. Voskuil sold 1,500 shares of Hershey stock in a transaction that occurred on Monday, July 20th. The stock was 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 in the company, valued at $9,043,150. The trade was a 2.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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.

Analyst Upgrades and Downgrades

HSY has been the subject of a number of research analyst reports. Piper Sandler dropped their price target on shares of Hershey from $249.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Weiss Ratings upgraded shares of Hershey from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 31st. TD Cowen raised shares of Hershey from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a report on Friday, May 1st. Evercore set a $225.00 target price on shares of Hershey in a research report on Thursday, July 23rd. Finally, Stifel Nicolaus reduced their price target on shares of Hershey from $215.00 to $180.00 and set a “hold” rating on the stock in a research report on Wednesday, July 22nd. Seven equities research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the stock. According to data from MarketBeat.com, Hershey presently has an average rating of “Hold” and an average price target of $204.78.

Hershey Stock Performance

Hershey stock opened at $185.77 on Thursday. The company has a market cap of $37.33 billion, a PE ratio of 25.38, a P/E/G ratio of 1.14 and a beta of 0.11. The company has a fifty day moving average price of $178.87 and a two-hundred day moving average price of $195.00. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.18 and a quick ratio of 0.66. Hershey Company has a 12 month low of $161.43 and a 12 month high of $239.48.

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

Hershey Announces Dividend

The firm also recently announced 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 of this dividend is Friday, August 14th. This represents a $5.81 dividend on an annualized basis and a yield of 3.1%. Hershey’s dividend payout ratio (DPR) is currently 79.37%.

Hershey 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.