ORG Wealth Partners LLC Has $198,000 Stake in Hershey Company (The) $HSY

ORG Wealth Partners LLC cut its position in shares of Hershey Company (The) (NYSE:HSY) by 30.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,125 shares of the company’s stock after selling 487 shares during the quarter. ORG Wealth Partners LLC’s holdings in Hershey were worth $198,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Proffitt & Goodson Inc. bought a new position in shares of Hershey in the 1st quarter worth $28,000. Tradewinds Capital Management LLC lifted its position in 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 buying an additional 101 shares in the last quarter. Fort Vancouver Investment Management LLC bought a new stake in Hershey during the 1st quarter worth about $34,000. MorganRosel Wealth Management LLC bought a new stake in shares of Hershey in the 1st quarter valued at about $35,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Hershey in the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

Hershey Stock Performance

Shares of HSY stock opened at $188.26 on Friday. The company has a 50 day moving average price of $184.86 and a 200-day moving average price of $172.53. The company has a quick ratio of 0.89, a current ratio of 1.53 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $38.16 billion, a PE ratio of 25.00, a P/E/G ratio of 4.54 and a beta of 0.27. Hershey Company has a 52 week low of $140.13 and a 52 week high of $208.03.

Hershey (NYSE:HSY) last announced its quarterly 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. Hershey had a net margin of 13.54% and a return on equity of 37.36%. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the business posted $1.27 earnings per share. Hershey’s quarterly revenue was up 26.0% on a year-over-year basis. Hershey has set its FY 2025 guidance at 5.809-5.997 EPS. As a group, equities research analysts expect that Hershey Company will post 6.12 earnings per share for the current year.

Hershey Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were given a $1.37 dividend. This represents a $5.48 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, August 15th. Hershey’s dividend payout ratio (DPR) is presently 72.78%.

Insider Activity at Hershey

In other news, SVP James Turoff sold 1,300 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $175.00, for a total transaction of $227,500.00. Following the transaction, the senior vice president owned 25,321 shares in the company, valued at $4,431,175. This trade represents a 4.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Steven E. Voskuil sold 5,000 shares of Hershey 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 transaction, the chief financial officer owned 61,319 shares in the company, valued at approximately $11,037,420. This represents a 7.54% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 87,627 shares of company stock valued at $16,043,435. Company insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

HSY has been the topic of several research analyst reports. Piper Sandler increased their price target on shares of Hershey from $160.00 to $167.00 and gave the company an “underweight” rating in a report on Tuesday, September 9th. DA Davidson increased their price objective on shares of Hershey from $171.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. Wells Fargo & Company raised their price target on shares of Hershey from $154.00 to $157.00 and gave the company an “underweight” rating in a research note on Thursday. JPMorgan Chase & Co. started coverage on shares of Hershey in a research note on Wednesday, August 20th. They set a “neutral” rating and a $187.00 target price for the company. Finally, Mizuho lifted their target price on shares of Hershey from $155.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $174.05.

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.