Tompkins Financial Corp Has $198,000 Holdings in Hershey Company (The) $HSY

Tompkins Financial Corp cut its holdings in shares of Hershey Company (The) (NYSE:HSY) by 60.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,191 shares of the company’s stock after selling 1,800 shares during the quarter. Tompkins Financial Corp’s holdings in Hershey were worth $198,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Putney Financial Group LLC acquired a new position in shares of Hershey during the 4th quarter valued at about $25,000. Proffitt & Goodson Inc. bought a new stake in Hershey during the 1st quarter valued at approximately $28,000. Tradewinds Capital Management LLC lifted its position in shares of Hershey by 129.5% in the 1st quarter. Tradewinds Capital Management LLC now owns 179 shares of the company’s stock worth $31,000 after acquiring an additional 101 shares during the period. Fort Vancouver Investment Management LLC bought a new stake in shares of Hershey in the 1st quarter worth approximately $34,000. Finally, MorganRosel Wealth Management LLC bought a new stake in shares of Hershey in the 1st quarter worth approximately $35,000. 57.96% of the stock is owned by institutional investors and hedge funds.

Hershey Stock Performance

HSY stock opened at $189.30 on Friday. The business’s 50-day moving average price is $182.08 and its two-hundred day moving average price is $172.15. The company has a current ratio of 1.53, a quick ratio of 0.89 and a debt-to-equity ratio of 1.15. The firm has a market cap of $38.37 billion, a PE ratio of 25.14, a P/E/G ratio of 4.62 and a beta of 0.27. Hershey Company has a 1-year low of $140.13 and a 1-year high of $208.03.

Hershey (NYSE:HSY) last posted its 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. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.50 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 26.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.27 earnings per share. Hershey has set its FY 2025 guidance at 5.809-5.997 EPS. As a group, research analysts forecast that Hershey Company will post 6.12 earnings per share for the current year.

Hershey Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were issued a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, August 15th. Hershey’s payout ratio is 72.78%.

Analysts Set New Price Targets

A number of brokerages have commented on HSY. Wall Street Zen upgraded Hershey from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Morgan Stanley raised their price objective on Hershey from $173.00 to $189.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. Mizuho raised their price objective on Hershey from $155.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. BNP Paribas Exane raised Hershey from a “neutral” rating to an “outperform” rating in a research note on Monday. Finally, Bank of America lifted their price objective on Hershey from $175.00 to $208.00 and gave the stock a “neutral” rating in a research note on Thursday, July 31st. Two analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $173.89.

Insider Transactions at Hershey

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