Glenview Trust Co Invests $974,000 in Hershey Company (The) $HSY

Glenview Trust Co acquired a new stake in Hershey Company (The) (NYSE:HSY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,554 shares of the company’s stock, valued at approximately $974,000.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new position in Hershey in the 2nd quarter valued at $2,303,889,000. Capital International Investors boosted its holdings in shares of Hershey by 1.9% during the fourth quarter. Capital International Investors now owns 9,106,431 shares of the company’s stock worth $1,657,189,000 after purchasing an additional 169,660 shares during the last quarter. State Street Corp grew its position in shares of Hershey by 1.8% in the third quarter. State Street Corp now owns 7,253,041 shares of the company’s stock valued at $1,356,681,000 after purchasing an additional 128,982 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Hershey by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,315,653 shares of the company’s stock valued at $967,343,000 after purchasing an additional 124,464 shares during the period. Finally, Geode Capital Management LLC increased its stake in Hershey by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 4,831,101 shares of the company’s stock valued at $876,434,000 after purchasing an additional 104,024 shares during the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Insider Buying and Selling

In other Hershey news, CFO Steven E. Voskuil sold 1,500 shares of the company’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $170.00, for a total value of $255,000.00. Following the completion of the transaction, the chief financial officer directly owned 53,195 shares of the company’s stock, valued at $9,043,150. This represents a 2.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is owned by corporate insiders.

Hershey Stock Performance

Shares of NYSE:HSY opened at $179.34 on Friday. The business’s 50-day simple moving average is $179.18 and its 200 day simple moving average is $194.54. The company has a market cap of $36.03 billion, a P/E ratio of 24.50, a PEG ratio of 1.10 and a beta of 0.11. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.66 and a current ratio of 1.18. Hershey Company has a one year low of $161.43 and a one year high of $239.48.

Hershey (NYSE:HSY) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.47. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.63 billion. Hershey had a net margin of 12.24% and a return on equity of 31.92%. Hershey’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the company earned $1.21 earnings per share. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. On average, sell-side analysts forecast that Hershey Company will post 8.49 earnings per share for the current fiscal year.

Hershey Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be issued a $1.452 dividend. The ex-dividend date is Friday, August 14th. This represents a $5.81 dividend on an annualized basis and a yield of 3.2%. Hershey’s payout ratio is currently 79.37%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on HSY shares. Mizuho reduced their target price on Hershey from $195.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 20th. The Goldman Sachs Group set a $240.00 price objective on shares of Hershey in a research note on Friday, May 1st. Royal Bank Of Canada cut their price objective on shares of Hershey from $212.00 to $206.00 and set a “sector perform” rating on the stock in a report on Friday, August 21st. DA Davidson set a $190.00 target price on shares of Hershey in a research report on Friday, July 31st. Finally, Bank of America dropped their price target on shares of Hershey from $220.00 to $200.00 and set a “neutral” rating for the company in a research report on Thursday, June 25th. Seven investment analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $204.78.

Hershey Profile

The Hershey Company (NYSE: HSY) is a leading North American chocolatier and snack manufacturer headquartered in Hershey, Pennsylvania. The company develops, produces and markets a wide range of confectionery and snack products for retail, foodservice and international customers. Hershey’s business spans manufacturing, branded product marketing, packaging and distribution across grocery, convenience, mass merchant and e-commerce channels.

Hershey’s product portfolio centers on chocolate and sugar confectionery, including core brands such as Hershey’s, Reese’s, Hershey’s Kisses and Twizzlers, alongside non-chocolate snacks and confectionery brands.