Rep. Robert Bresnahan, Jr. Purchases Shares of The Hershey Company (NYSE:HSY)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of The Hershey Company (NYSE:HSY). In a filing disclosed on May 31st, the Representative disclosed that they had bought between $1,001 and $15,000 in Hershey stock on May 15th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Zimmer Biomet (NYSE:ZBH) on 5/15/2025.
• Sold $15,001 – $50,000 in shares of Elevance Health (NYSE:ELV) on 5/15/2025.
• Sold $15,001 – $50,000 in shares of PepsiCo (NASDAQ:PEP) on 5/15/2025.
• Sold $1,001 – $15,000 in shares of WEC Energy Group (NYSE:WEC) on 5/15/2025.
• Purchased $15,001 – $50,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 5/15/2025.
• Purchased $1,001 – $15,000 in shares of Kraft Heinz (NASDAQ:KHC) on 5/15/2025.
• Sold $1,001 – $15,000 in shares of Exxon Mobil (NYSE:XOM) on 5/15/2025.
• Sold $1,001 – $15,000 in shares of Danaher (NYSE:DHR) on 5/15/2025.
• Sold $1,001 – $15,000 in shares of International Flavors & Fragrances (NYSE:IFF) on 5/15/2025.
• Purchased $15,001 – $50,000 in shares of Texas Instruments (NASDAQ:TXN) on 5/15/2025.

Hershey Stock Up 0.4%

Shares of HSY opened at $161.41 on Tuesday. The stock has a market cap of $32.70 billion, a price-to-earnings ratio of 14.81, a P/E/G ratio of 5.90 and a beta of 0.32. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.68. The Hershey Company has a 12 month low of $140.13 and a 12 month high of $208.03. The company has a 50-day moving average price of $163.81 and a two-hundred day moving average price of $166.08.

Hershey (NYSE:HSY) last announced its quarterly earnings results on Thursday, May 1st. The company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.15. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Hershey had a net margin of 19.83% and a return on equity of 44.77%. The company’s revenue for the quarter was down 13.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.07 earnings per share. Equities analysts predict that The Hershey Company will post 6.12 EPS for the current fiscal year.

Hershey Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 16th will be paid a $1.37 dividend. This represents a $5.48 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Friday, May 16th. Hershey’s payout ratio is presently 67.57%.

Insiders Place Their Bets

In other Hershey news, CAO Jennifer Mccalman sold 974 shares of the company’s stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $157.11, for a total transaction of $153,025.14. Following the transaction, the chief accounting officer now owns 2,994 shares of the company’s stock, valued at approximately $470,387.34. This represents a 24.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on HSY shares. Citigroup cut their price target on shares of Hershey from $173.00 to $165.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Royal Bank of Canada cut their price target on shares of Hershey from $178.00 to $175.00 and set a “sector perform” rating for the company in a research note on Friday, May 2nd. Sanford C. Bernstein raised their price target on shares of Hershey from $147.00 to $155.00 and gave the stock a “market perform” rating in a research note on Friday, May 2nd. Morgan Stanley cut their price target on shares of Hershey from $183.00 to $177.00 and set an “equal weight” rating for the company in a research note on Thursday, April 17th. Finally, Bernstein Bank cut their target price on shares of Hershey from $177.00 to $146.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Five investment analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company. Based on data from MarketBeat, Hershey has an average rating of “Hold” and a consensus target price of $158.84.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Capital International Investors lifted its holdings in Hershey by 31.4% during the 4th quarter. Capital International Investors now owns 12,460,147 shares of the company’s stock worth $2,110,126,000 after buying an additional 2,980,997 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Hershey by 7.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,991,639 shares of the company’s stock worth $853,720,000 after buying an additional 356,249 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Hershey by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 3,801,145 shares of the company’s stock worth $642,139,000 after buying an additional 47,394 shares in the last quarter. Royal Bank of Canada lifted its holdings in Hershey by 25.4% during the 1st quarter. Royal Bank of Canada now owns 2,753,077 shares of the company’s stock worth $470,858,000 after buying an additional 557,056 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Hershey by 38.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,628,047 shares of the company’s stock worth $275,710,000 after buying an additional 453,428 shares in the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.