Fifth Third Wealth Advisors LLC Buys 1,480 Shares of Hershey Company (The) $HSY

Fifth Third Wealth Advisors LLC increased its stake in Hershey Company (The) (NYSE:HSY) by 53.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,248 shares of the company’s stock after purchasing an additional 1,480 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Hershey were worth $705,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Proffitt & Goodson Inc. bought a new position in Hershey in the first quarter valued at about $28,000. Trust Co. of Toledo NA OH bought a new position in Hershey in the second quarter valued at about $28,000. Tradewinds Capital Management LLC grew its position in Hershey by 129.5% in the first quarter. Tradewinds Capital Management LLC now owns 179 shares of the company’s stock valued at $31,000 after acquiring an additional 101 shares during the last quarter. Fort Vancouver Investment Management LLC bought a new position in Hershey in the first quarter valued at about $34,000. Finally, MorganRosel Wealth Management LLC bought a new position in Hershey in the first quarter valued at about $35,000. Institutional investors own 57.96% of the company’s stock.

Insider Buying and Selling

In related news, insider Rohit Grover sold 1,334 shares of the company’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $180.00, for a total transaction 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. This represents a 3.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Steven E. Voskuil sold 1,500 shares of the company’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $189.12, for a total value of $283,680.00. Following the completion of the transaction, the chief financial officer owned 58,319 shares of the company’s stock, valued at $11,029,289.28. This trade represents a 2.51% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,704 shares of company stock worth $12,206,910. 0.28% of the stock is owned by corporate insiders.

Hershey Price Performance

Shares of HSY opened at $192.19 on Monday. Hershey Company has a 52-week low of $140.13 and a 52-week high of $208.03. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.89 and a current ratio of 1.53. The business’s 50 day moving average price is $186.17 and its two-hundred day moving average price is $174.16. The firm has a market cap of $38.96 billion, a PE ratio of 25.52, a price-to-earnings-growth ratio of 4.64 and a beta of 0.26.

Hershey (NYSE:HSY) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $0.98 by $0.23. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.50 billion. Hershey had a return on equity of 37.36% and a net margin of 13.54%.The company’s quarterly revenue was up 26.0% on a year-over-year basis. During the same quarter 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. On average, equities analysts anticipate that Hershey Company will post 6.12 EPS for the current year.

Hershey Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Hershey in a research report on Wednesday, October 8th. Morgan Stanley boosted their price target on Hershey from $173.00 to $189.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. UBS Group boosted their price target on Hershey from $192.00 to $205.00 and gave the stock a “neutral” rating in a report on Wednesday. Bank of America boosted their price target on Hershey from $175.00 to $208.00 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Finally, Sanford C. Bernstein boosted their price target on Hershey from $155.00 to $179.00 and gave the stock a “market perform” rating in a report on Thursday, July 31st. 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 MarketBeat, Hershey currently has an average rating of “Reduce” and a consensus target price of $175.89.

Hershey 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.