Impact Partnership Wealth LLC Acquires Shares of 2,613 Hershey Company (The) $HSY

Impact Partnership Wealth LLC acquired a new stake in shares of Hershey Company (The) (NYSE:HSY) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,613 shares of the company’s stock, valued at approximately $434,000.

A number of other institutional investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its stake in shares of Hershey by 7.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,991,639 shares of the company’s stock valued at $853,720,000 after buying an additional 356,249 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Hershey by 25.4% during the 1st quarter. Royal Bank of Canada now owns 2,753,077 shares of the company’s stock valued at $470,858,000 after buying an additional 557,056 shares during the last quarter. Northern Trust Corp raised its stake in shares of Hershey by 0.8% during the 1st quarter. Northern Trust Corp now owns 1,590,903 shares of the company’s stock valued at $272,092,000 after buying an additional 11,946 shares during the last quarter. Amundi raised its stake in shares of Hershey by 40.4% during the 1st quarter. Amundi now owns 1,237,107 shares of the company’s stock valued at $208,227,000 after buying an additional 356,105 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Hershey by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,020,569 shares of the company’s stock valued at $174,536,000 after buying an additional 17,311 shares during the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on HSY shares. Weiss Ratings restated a “hold (c)” rating on shares of Hershey in a research report on Wednesday, October 8th. DA Davidson raised 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. Morgan Stanley set a $193.00 target price on Hershey in a research report on Thursday, October 16th. JPMorgan Chase & Co. raised their target price on Hershey from $187.00 to $189.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. Finally, BNP Paribas Exane upgraded Hershey from a “neutral” rating to an “outperform” rating in a research report on Monday, September 15th. Two equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $177.67.

Insider Transactions at Hershey

In related news, CFO Steven E. Voskuil sold 1,500 shares of Hershey stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $187.52, for a total value of $281,280.00. Following the sale, the chief financial officer directly owned 56,819 shares in the company, valued at approximately $10,654,698.88. The trade was a 2.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.34% of the company’s stock.

Hershey Trading Down 2.2%

HSY stock opened at $171.43 on Friday. 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 12-month low of $140.13 and a 12-month high of $208.03. The stock has a market cap of $34.75 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 4.21 and a beta of 0.26. The business’s 50-day moving average is $186.59 and its 200 day moving average is $175.92.

Hershey (NYSE:HSY) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.24. Hershey had a return on equity of 37.36% and a net margin of 13.54%.The company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.11 billion. During the same period in the previous year, the firm posted $2.34 EPS. Hershey’s revenue was up 6.5% compared to the same quarter last year. Hershey has set its FY 2025 guidance at 5.900-6.000 EPS. On average, sell-side analysts anticipate that Hershey Company will post 6.12 EPS for the current fiscal year.

Hershey Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 17th will be issued a $1.37 dividend. This represents a $5.48 annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, November 17th. Hershey’s payout ratio is presently 72.78%.

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.