Drucker Wealth 3.0 LLC Buys New Position in Hershey Company (The) $HSY

Drucker Wealth 3.0 LLC acquired a new stake in shares of Hershey Company (The) (NYSE:HSY) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,413 shares of the company’s stock, valued at approximately $391,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Aberdeen Group plc raised its stake in shares of Hershey by 5.4% during the 2nd quarter. Aberdeen Group plc now owns 108,495 shares of the company’s stock worth $18,005,000 after buying an additional 5,571 shares in the last quarter. Eastern Bank raised its stake in shares of Hershey by 34.9% during the 2nd quarter. Eastern Bank now owns 2,240 shares of the company’s stock worth $372,000 after buying an additional 580 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Hershey by 33.6% during the 2nd quarter. Blue Trust Inc. now owns 1,711 shares of the company’s stock worth $284,000 after buying an additional 430 shares in the last quarter. Cyndeo Wealth Partners LLC purchased a new position in shares of Hershey during the 2nd quarter worth approximately $6,407,000. Finally, Commerzbank Aktiengesellschaft FI raised its stake in shares of Hershey by 30.8% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 8,953 shares of the company’s stock worth $1,486,000 after buying an additional 2,106 shares in the last quarter. 57.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hershey

In other Hershey news, CFO Steven E. Voskuil sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $180.00, for a total value of $900,000.00. Following the transaction, the chief financial officer directly owned 61,319 shares of the company’s stock, valued at $11,037,420. This trade represents a 7.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Rohit Grover sold 1,334 shares of the firm’s stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $180.00, for a total value of $240,120.00. Following the completion of the transaction, the insider directly owned 38,068 shares in the company, valued at $6,852,240. This trade represents a 3.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,704 shares of company stock valued at $12,206,910 over the last three months. 0.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

HSY has been the subject of a number of analyst reports. Mizuho increased their target price on Hershey from $155.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. UBS Group raised their price objective on Hershey from $192.00 to $205.00 and gave the company a “neutral” rating in a research note on Wednesday. Stifel Nicolaus raised their price objective on Hershey from $160.00 to $180.00 and gave the company a “hold” rating in a research note on Tuesday, July 29th. JPMorgan Chase & Co. assumed coverage on Hershey in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $187.00 price objective for the company. Finally, Morgan Stanley increased their target price on Hershey from $173.00 to $189.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $175.89.

Hershey Trading Down 0.2%

Shares of HSY opened at $192.19 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.89 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $38.96 billion, a P/E ratio of 25.52, a price-to-earnings-growth ratio of 4.64 and a beta of 0.26. The stock’s fifty day simple moving average is $186.17 and its 200 day simple moving average is $174.13. Hershey Company has a twelve month low of $140.13 and a twelve month high of $208.03.

Hershey (NYSE:HSY) last issued its earnings results on Wednesday, July 30th. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.23. Hershey had a return on equity of 37.36% and a net margin of 13.54%.The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the company posted $1.27 EPS. The business’s quarterly revenue was up 26.0% on a year-over-year basis. Hershey has set its FY 2025 guidance at 5.809-5.997 EPS. On average, equities research analysts forecast that Hershey Company will post 6.12 earnings per share for the current year.

Hershey Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were given a $1.37 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $5.48 annualized dividend and a yield of 2.9%. Hershey’s dividend payout ratio (DPR) is 72.78%.

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.