Kingsview Wealth Management LLC Acquires Shares of 5,466 Hershey Company (The) $HSY

Kingsview Wealth Management LLC bought a new stake in Hershey Company (The) (NYSE:HSY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,466 shares of the company’s stock, valued at approximately $959,000.

Other large investors have also made changes to their positions in the company. BlackRock Inc. bought a new position in Hershey in the second quarter valued at about $2,303,889,000. GQG Partners LLC bought a new stake in Hershey during the 2nd quarter worth about $485,436,000. Bank of America Corp DE bought a new stake in Hershey during the 2nd quarter worth about $274,871,000. Norges Bank acquired a new position in Hershey during the 4th quarter valued at about $272,506,000. Finally, Legal & General Group Plc acquired a new position in Hershey during the 2nd quarter valued at about $183,623,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on HSY shares. Wells Fargo & Company lowered their price target on shares of Hershey from $200.00 to $190.00 and set an “equal weight” rating for the company in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $191.00 price objective on shares of Hershey in a report on Friday, July 31st. Mizuho reduced their price objective on shares of Hershey from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 20th. Piper Sandler decreased their price objective on Hershey from $249.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Finally, DA Davidson set a $190.00 target price on Hershey in a research report on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $204.78.

Insider Buying and Selling at Hershey

In related news, CFO Steven E. Voskuil sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The stock was 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 in the company, valued at approximately $9,043,150. The trade was a 2.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is owned by company insiders.

Hershey Price Performance

Shares of HSY stock opened at $179.34 on Monday. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 1.03. Hershey Company has a 12-month low of $161.43 and a 12-month high of $239.48. The firm has a fifty day moving average of $179.18 and a 200-day moving average of $194.29. The firm has a market capitalization of $36.03 billion, a price-to-earnings ratio of 24.50, a price-to-earnings-growth ratio of 1.09 and a beta of 0.11.

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

Hershey Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be issued a dividend of $1.452 per share. This represents a $5.81 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, August 14th. Hershey’s payout ratio is 79.23%.

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.