Massachusetts Wealth Management raised its position in Hershey Company (The) (NYSE:HSY – Free Report) by 2.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 6,132 shares of the company’s stock after acquiring an additional 175 shares during the period. Massachusetts Wealth Management’s holdings in Hershey were worth $1,018,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of HSY. Proffitt & Goodson Inc. bought a new stake in Hershey in the 1st quarter valued at approximately $28,000. Tradewinds Capital Management LLC raised its stake in shares of Hershey by 129.5% during the 1st quarter. Tradewinds Capital Management LLC now owns 179 shares of the company’s stock worth $31,000 after purchasing an additional 101 shares in the last quarter. Fort Vancouver Investment Management LLC bought a new stake in shares of Hershey during the 1st quarter worth approximately $34,000. MorganRosel Wealth Management LLC bought a new stake in shares of Hershey during the 1st quarter worth approximately $35,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Hershey during the 1st quarter worth approximately $36,000. Institutional investors own 57.96% of the company’s stock.
Analysts Set New Price Targets
HSY has been the topic of a number of analyst reports. The Goldman Sachs Group upgraded Hershey from a “sell” rating to a “buy” rating and upped their price objective for the stock from $170.00 to $222.00 in a research note on Tuesday, September 16th. Stifel Nicolaus upped their price objective on Hershey from $160.00 to $180.00 and gave the stock a “hold” rating in a research note on Tuesday, July 29th. Wall Street Zen upgraded Hershey from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. DA Davidson upped their price objective on Hershey from $171.00 to $188.00 and gave the stock a “neutral” rating in a research note on Monday, August 4th. Finally, BNP Paribas Exane upgraded Hershey from a “neutral” rating to an “outperform” rating in a research note on Monday, September 15th. Two investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, Hershey presently has a consensus rating of “Reduce” and a consensus price target of $175.89.
Insider Buying and Selling at Hershey
In other news, insider Rohit Grover sold 1,334 shares of the stock in a transaction on Monday, July 21st. The stock was sold at an average price of $180.00, for a total transaction of $240,120.00. Following the sale, the insider directly owned 38,068 shares of the company’s stock, valued at approximately $6,852,240. This represents a 3.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Steven E. Voskuil sold 5,000 shares of the stock in a transaction on Monday, July 21st. The stock was sold at an average price of $180.00, for a total value of $900,000.00. Following the sale, the chief financial officer directly owned 61,319 shares in the company, valued at approximately $11,037,420. This trade represents a 7.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 65,704 shares of company stock valued at $12,206,910 in the last ninety days. 0.34% of the stock is currently owned by corporate insiders.
Hershey Stock Performance
Shares of NYSE HSY opened at $195.54 on Thursday. 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’s fifty day moving average price is $185.98 and its two-hundred day moving average price is $173.74. Hershey Company has a one year low of $140.13 and a one year high of $208.03. The firm has a market cap of $39.64 billion, a price-to-earnings ratio of 25.97, a P/E/G ratio of 4.70 and a beta of 0.26.
Hershey (NYSE:HSY – Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.23. Hershey had a return on equity of 37.36% and a net margin of 13.54%.The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the firm posted $1.27 EPS. The company’s revenue for the quarter 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 analysts forecast that Hershey Company will post 6.12 EPS for the current year.
Hershey Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were issued a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, August 15th. Hershey’s dividend payout ratio is currently 72.78%.
Hershey 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.
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