PFG Advisors Has $208,000 Stock Position in Hershey Company (The) $HSY

PFG Advisors lessened its position in Hershey Company (The) (NYSE:HSY) by 18.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,255 shares of the company’s stock after selling 289 shares during the period. PFG Advisors’ holdings in Hershey were worth $208,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Trust Co. of Toledo NA OH bought a new position in shares of Hershey in the 2nd quarter worth $28,000. Zions Bancorporation National Association UT bought a new stake in Hershey during the 1st quarter valued at $36,000. Fourth Dimension Wealth LLC acquired a new position in Hershey during the second quarter worth $39,000. Whittier Trust Co. bought a new position in shares of Hershey in the first quarter valued at $44,000. Finally, WPG Advisers LLC bought a new position in shares of Hershey in the first quarter valued at $47,000. Institutional investors own 57.96% of the company’s stock.

Insider Activity at Hershey

In related news, CFO Steven E. Voskuil sold 1,500 shares of the business’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $187.52, for a total value of $281,280.00. Following the transaction, the chief financial officer directly owned 56,819 shares of the company’s stock, valued at approximately $10,654,698.88. The trade was a 2.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.34% of the stock is owned by insiders.

Hershey Price Performance

Shares of NYSE HSY opened at $178.39 on Thursday. Hershey Company has a twelve month low of $140.13 and a twelve month high of $208.03. The stock’s 50 day moving average price is $184.20 and its 200-day moving average price is $176.19. The company has a market capitalization of $36.17 billion, a PE ratio of 23.69, a PEG ratio of 4.21 and a beta of 0.24. The company has a quick ratio of 0.89, a current ratio of 1.53 and a debt-to-equity ratio of 1.15.

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

Hershey Announces Dividend

The firm also recently announced 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. This represents a $5.48 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, November 17th. Hershey’s payout ratio is presently 81.91%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on HSY shares. JPMorgan Chase & Co. boosted their target price on shares of Hershey from $187.00 to $189.00 and gave the stock a “neutral” rating in a research report on Monday, October 20th. Morgan Stanley reiterated a “mixed” rating and set a $184.00 price target on shares of Hershey in a research note on Friday, October 31st. UBS Group decreased their price objective on Hershey from $205.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Stifel Nicolaus lowered their price objective on Hershey from $195.00 to $185.00 and set a “hold” rating for the company in a research note on Friday, October 31st. Finally, Evercore ISI reaffirmed a “positive” rating on shares of Hershey in a research report on Friday, October 31st. Three investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $179.05.

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.