Hershey Company (The) $HSY Stock: Titan Investment Management LLC Boosts Holdings

Titan Investment Management LLC grew its position in Hershey Company (The) (NYSE:HSY) by 57.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,912 shares of the company’s stock after acquiring an additional 4,718 shares during the quarter. Hershey makes up approximately 1.5% of Titan Investment Management LLC’s holdings, making the stock its 24th largest position. Titan Investment Management LLC’s holdings in Hershey were worth $2,035,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in HSY. Visionary Horizons LLC bought a new stake in Hershey during the third quarter valued at $304,000. SeaCrest Wealth Management LLC bought a new position in shares of Hershey in the 3rd quarter worth about $211,000. NBT Bank N.A. acquired a new position in shares of Hershey in the 3rd quarter valued at about $242,000. Isthmus Partners LLC boosted its holdings in shares of Hershey by 3.3% in the 3rd quarter. Isthmus Partners LLC now owns 62,587 shares of the company’s stock valued at $9,864,000 after buying an additional 1,973 shares during the period. Finally, Root Financial Partners LLC acquired a new position in shares of Hershey in the 3rd quarter valued at about $46,000. 57.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HSY shares. Weiss Ratings downgraded Hershey from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $191.00 price target on shares of Hershey in a research report on Friday, July 31st. Wells Fargo & Company cut their price target on Hershey from $190.00 to $170.00 and set an “equal weight” rating on the stock in a report on Monday, October 5th. UBS Group restated a “neutral” rating on shares of Hershey in a research report on Tuesday. Finally, Stifel Nicolaus lowered their price objective on Hershey from $215.00 to $180.00 and set a “hold” rating for the company in a research note on Wednesday, July 22nd. Six research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $199.44.

Hershey Price Performance

NYSE HSY opened at $175.55 on Friday. Hershey Company has a 12 month low of $156.16 and a 12 month high of $239.48. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.18 and a quick ratio of 0.66. The firm has a market capitalization of $35.27 billion, a PE ratio of 23.11, a P/E/G ratio of 1.41 and a beta of 0.10. The company’s 50 day simple moving average is $171.84 and its 200 day simple moving average is $179.96.

Hershey (NYSE:HSY) last announced its earnings results on Thursday, July 30th. The company reported $1.90 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $2.63 billion. During the same quarter last year, the business posted $1.21 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. As a group, equities research analysts forecast that Hershey Company will post 8.47 EPS for the current fiscal year.

Hershey Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 14th were paid a $1.4520 dividend. This represents a $5.81 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Friday, August 14th. Hershey’s dividend payout ratio is currently 79.37%.

Hershey Company Profile

The Hershey Company (NYSE: HSY) is a global confectionery and snack food manufacturer headquartered in Hershey, Pennsylvania. Founded by Milton S. Hershey in 1894, the company began as a chocolate producer and has grown into one of the largest branded snack businesses in North America.

Hershey’s portfolio includes chocolate, non-chocolate confectionery, gum and mints, and salty snacks. Its brands include Hershey’s, Reese’s, Hershey’s Kisses, Kit Kat in the United States under license from Nestlé, Jolly Rancher, Twizzlers, Ice Breakers, SkinnyPop and Dot’s Pretzels.