Robeco Institutional Asset Management B.V. Has $1.40 Million Stock Holdings in Hershey Company (The) $HSY

Robeco Institutional Asset Management B.V. raised its holdings in shares of Hershey Company (The) (NYSE:HSY) by 11.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 8,412 shares of the company’s stock after buying an additional 850 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Hershey were worth $1,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in HSY. Gateway Investment Advisers LLC acquired a new stake in Hershey during the 1st quarter valued at $286,000. Park Avenue Securities LLC lifted its holdings in Hershey by 8.8% during the 1st quarter. Park Avenue Securities LLC now owns 6,847 shares of the company’s stock valued at $1,171,000 after purchasing an additional 554 shares during the last quarter. Portside Wealth Group LLC lifted its holdings in Hershey by 21.0% during the 1st quarter. Portside Wealth Group LLC now owns 5,156 shares of the company’s stock valued at $882,000 after purchasing an additional 894 shares during the last quarter. CHICAGO TRUST Co NA lifted its holdings in Hershey by 25.3% during the 1st quarter. CHICAGO TRUST Co NA now owns 1,690 shares of the company’s stock valued at $289,000 after purchasing an additional 341 shares during the last quarter. Finally, Daymark Wealth Partners LLC lifted its holdings in shares of Hershey by 4.4% during the first quarter. Daymark Wealth Partners LLC now owns 2,889 shares of the company’s stock worth $494,000 after buying an additional 121 shares in the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.

Insider Buying and Selling at Hershey

In other Hershey news, CEO Michele Buck sold 19,290 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 $3,472,200.00. Following the transaction, the chief executive officer owned 193,624 shares in the company, valued at $34,852,320. The trade was a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Steven E. Voskuil sold 5,000 shares of Hershey stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $180.00, for a total value of $900,000.00. Following the completion of 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. Insiders have sold a total of 65,704 shares of company stock worth $12,206,910 over the last 90 days. Insiders own 0.28% of the company’s stock.

Hershey Stock Down 0.4%

Shares of NYSE HSY opened at $194.38 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.89 and a current ratio of 1.53. Hershey Company has a 52 week low of $140.13 and a 52 week high of $208.03. The stock has a market capitalization of $39.41 billion, a P/E ratio of 25.81, a PEG ratio of 4.72 and a beta of 0.26. The stock’s fifty day moving average is $185.84 and its 200 day moving average is $173.59.

Hershey (NYSE:HSY) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.21 EPS for the quarter, topping 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 company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter last year, the business earned $1.27 earnings per share. Hershey’s revenue was up 26.0% on a year-over-year basis. Hershey has set its FY 2025 guidance at 5.809-5.997 EPS. Sell-side analysts forecast that Hershey Company will post 6.12 earnings per share for the current fiscal year.

Hershey Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were given a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, August 15th. Hershey’s payout ratio is currently 72.78%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HSY shares. Barclays lifted their target price on Hershey from $165.00 to $190.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. Stifel Nicolaus lifted their target price on Hershey from $160.00 to $180.00 and gave the stock a “hold” rating in a report on Tuesday, July 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Hershey in a report on Saturday, September 27th. DA Davidson lifted their target price on Hershey from $171.00 to $188.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. Finally, The Goldman Sachs Group raised Hershey from a “sell” rating to a “buy” rating and lifted their target price for the stock from $170.00 to $222.00 in a report on Tuesday, September 16th. Two analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $174.05.

About Hershey

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.