Fiduciary Financial Group LLC Makes New $207,000 Investment in Hershey Company (The) $HSY

Fiduciary Financial Group LLC acquired a new stake in shares of Hershey Company (The) (NYSE:HSY) during the second quarter, HoldingsChannel.com reports. The firm acquired 1,175 shares of the company’s stock, valued at approximately $207,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Putney Financial Group LLC bought a new stake in Hershey in the fourth quarter worth $25,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Hershey in the 4th quarter worth about $28,000. Proffitt & Goodson Inc. purchased a new position in shares of Hershey during the 1st quarter worth about $28,000. Tradewinds Capital Management LLC grew its holdings in Hershey by 129.5% during the 1st quarter. Tradewinds Capital Management LLC now owns 179 shares of the company’s stock valued at $31,000 after purchasing an additional 101 shares during the last quarter. Finally, Fort Vancouver Investment Management LLC purchased a new stake in Hershey in the 1st quarter worth about $34,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Insider Buying and Selling

In other news, insider Rohit Grover sold 1,334 shares of Hershey stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $180.00, for a total value of $240,120.00. Following the transaction, the insider owned 38,068 shares of the company’s stock, valued at $6,852,240. The trade was a 3.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP James Turoff sold 1,300 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $175.00, for a total transaction of $227,500.00. Following the sale, the senior vice president directly owned 25,321 shares of the company’s stock, valued at $4,431,175. The trade was a 4.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,127 shares of company stock worth $15,759,755 over the last ninety days. 0.34% of the stock is currently owned by company insiders.

Hershey Stock Down 0.3%

Shares of Hershey stock opened at $184.95 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 0.89. The stock has a market cap of $37.49 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 4.48 and a beta of 0.27. The firm’s 50-day moving average is $180.35 and its two-hundred day moving average is $171.71. Hershey Company has a 1 year low of $140.13 and a 1 year high of $208.03.

Hershey (NYSE:HSY) last announced its quarterly 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 net margin of 13.54% and a return on equity of 37.36%. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the prior year, the company earned $1.27 EPS. The company’s revenue was up 26.0% compared to the same quarter last year. Hershey has set its FY 2025 guidance at 5.809-5.997 EPS. As a group, research analysts expect that Hershey Company will post 6.12 earnings per share for the current fiscal year.

Hershey Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be given a dividend of $1.37 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $5.48 dividend on an annualized basis and a yield of 3.0%. Hershey’s dividend payout ratio (DPR) is presently 72.78%.

Analyst Upgrades and Downgrades

HSY has been the topic of a number of analyst reports. Morgan Stanley upped their target price on Hershey from $173.00 to $189.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. DA Davidson increased their target price on Hershey from $171.00 to $188.00 and gave the stock a “neutral” rating in a research note on Monday, August 4th. Barclays boosted their target price on shares of Hershey from $165.00 to $190.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. Bank of America raised 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, Mizuho lifted their price objective on shares of Hershey from $155.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Fourteen investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Hershey currently has a consensus rating of “Reduce” and a consensus target price of $171.22.

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.