REAP Financial Group LLC Has $61,000 Stock Position in Hershey Company (The) $HSY

REAP Financial Group LLC lifted its stake in shares of Hershey Company (The) (NYSE:HSY) by 177.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 366 shares of the company’s stock after purchasing an additional 234 shares during the quarter. REAP Financial Group LLC’s holdings in Hershey were worth $61,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Fulton Bank N.A. increased its holdings in Hershey by 4.9% in the second quarter. Fulton Bank N.A. now owns 1,312 shares of the company’s stock worth $218,000 after purchasing an additional 61 shares in the last quarter. Trust Co. of Vermont grew its stake in Hershey by 2.4% in the first quarter. Trust Co. of Vermont now owns 2,691 shares of the company’s stock valued at $460,000 after acquiring an additional 62 shares during the period. Ignite Planners LLC grew its stake in Hershey by 5.2% in the first quarter. Ignite Planners LLC now owns 1,278 shares of the company’s stock valued at $214,000 after acquiring an additional 63 shares during the period. Klein Pavlis & Peasley Financial Inc. grew its stake in Hershey by 0.9% in the first quarter. Klein Pavlis & Peasley Financial Inc. now owns 7,248 shares of the company’s stock valued at $1,229,000 after acquiring an additional 66 shares during the period. Finally, Allworth Financial LP grew its stake in Hershey by 0.9% in the first quarter. Allworth Financial LP now owns 7,189 shares of the company’s stock valued at $1,179,000 after acquiring an additional 67 shares during the period. 57.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on HSY. Barclays raised their price objective on Hershey from $165.00 to $190.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. Bank of America raised their price objective on Hershey from $175.00 to $208.00 and gave the company a “neutral” rating in a research note on Thursday, July 31st. Sanford C. Bernstein raised their price objective on Hershey from $155.00 to $179.00 and gave the company a “market perform” rating in a research note on Thursday, July 31st. Wall Street Zen raised Hershey from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, DA Davidson lifted their target price on Hershey from $171.00 to $188.00 and gave the company a “neutral” rating in a research report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $175.89.

Hershey Stock Up 0.6%

HSY stock opened at $195.54 on Thursday. The stock’s fifty day simple moving average is $185.98 and its two-hundred day simple moving average is $173.74. The company has a current ratio of 1.53, a quick ratio of 0.89 and a debt-to-equity ratio of 1.15. Hershey Company has a 1-year low of $140.13 and a 1-year high of $208.03. The stock has a market cap of $39.64 billion, a P/E ratio of 25.97, a P/E/G ratio of 4.70 and a beta of 0.26.

Hershey (NYSE:HSY) last posted its quarterly earnings data 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 return on equity of 37.36% and a net margin of 13.54%.The business 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 firm earned $1.27 earnings per share. The business’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. Analysts expect that Hershey Company will post 6.12 EPS for the current year.

Hershey Dividend Announcement

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

Insiders Place Their Bets

In other Hershey news, CFO Steven E. Voskuil sold 5,000 shares of the business’s 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 sale, the chief financial officer directly owned 61,319 shares in the company, valued at $11,037,420. The trade was a 7.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Rohit Grover sold 1,334 shares of the business’s stock in a transaction on Monday, July 21st. The shares were sold at an average price of $180.00, for a total value of $240,120.00. Following the completion of the sale, the insider owned 38,068 shares in the company, valued at approximately $6,852,240. The trade was a 3.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,704 shares of company stock valued at $12,206,910. Insiders own 0.34% of the company’s stock.

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.