Hershey Company (The) $HSY Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC reduced its position in Hershey Company (The) (NYSE:HSY) by 45.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,250 shares of the company’s stock after selling 4,355 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Hershey were worth $871,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in shares of Hershey by 7.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,991,639 shares of the company’s stock worth $853,720,000 after purchasing an additional 356,249 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Hershey by 2.8% in the second quarter. Geode Capital Management LLC now owns 4,567,373 shares of the company’s stock worth $755,305,000 after acquiring an additional 126,519 shares in the last quarter. Royal Bank of Canada boosted its holdings in Hershey by 25.4% in the first quarter. Royal Bank of Canada now owns 2,753,077 shares of the company’s stock worth $470,858,000 after acquiring an additional 557,056 shares in the last quarter. Northern Trust Corp grew its stake in shares of Hershey by 0.8% during the first quarter. Northern Trust Corp now owns 1,590,903 shares of the company’s stock worth $272,092,000 after acquiring an additional 11,946 shares during the last quarter. Finally, Amundi increased its holdings in shares of Hershey by 40.4% during the first quarter. Amundi now owns 1,237,107 shares of the company’s stock valued at $208,227,000 after acquiring an additional 356,105 shares in the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Analyst Upgrades and Downgrades

HSY has been the subject of a number of recent analyst reports. DA Davidson lowered their target price on shares of Hershey from $188.00 to $185.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. The Goldman Sachs Group upgraded shares of Hershey from a “sell” rating to a “buy” rating and lifted their price objective for the stock from $170.00 to $222.00 in a research note on Tuesday, September 16th. Bank of America upped their target price on Hershey from $175.00 to $208.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. Mizuho raised 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. Finally, Wells Fargo & Company boosted their price target on Hershey from $154.00 to $157.00 and gave the company an “underweight” rating in a research note on Thursday, September 25th. Three equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $179.05.

Hershey Price Performance

NYSE:HSY opened at $182.72 on Friday. The firm’s fifty day moving average is $183.55 and its two-hundred day moving average is $176.77. The firm has a market cap of $37.05 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 4.21 and a beta of 0.24. 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 one year low of $140.13 and a one year high of $208.03.

Hershey (NYSE:HSY) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.24. The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.11 billion. Hershey had a return on equity of 37.36% and a net margin of 13.54%.The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.34 EPS. Hershey has set its FY 2025 guidance at 5.900-6.000 EPS. Research analysts expect that Hershey Company will post 6.12 EPS for the current year.

Hershey Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 17th will be paid a dividend of $1.37 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 3.0%. Hershey’s dividend payout ratio (DPR) is presently 81.91%.

Insider Buying and Selling at Hershey

In related news, CFO Steven E. Voskuil sold 1,500 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $179.56, for a total value of $269,340.00. Following the completion of the transaction, the chief financial officer directly owned 55,319 shares in the company, valued at $9,933,079.64. The trade was a 2.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 6,000 shares of company stock worth $1,103,640. 0.34% of the stock is owned by insiders.

Hershey Company Profile

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.