Mirae Asset Global Investments Co. Ltd. Increases Holdings in Hershey Company (The) $HSY

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Hershey Company (The) (NYSE:HSY) by 13.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 156,826 shares of the company’s stock after purchasing an additional 18,952 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.08% of Hershey worth $27,515,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Hershey by 2.9% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,393 shares of the company’s stock worth $4,280,000 after buying an additional 688 shares during the last quarter. Raleigh Capital Management Inc. boosted its stake in Hershey by 1,544.0% in the second quarter. Raleigh Capital Management Inc. now owns 4,636 shares of the company’s stock valued at $813,000 after acquiring an additional 4,354 shares during the last quarter. Laurel Oak Wealth Management LLC boosted its stake in Hershey by 11.8% in the second quarter. Laurel Oak Wealth Management LLC now owns 5,186 shares of the company’s stock valued at $910,000 after acquiring an additional 548 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of Hershey by 9.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 17,171 shares of the company’s stock valued at $3,013,000 after acquiring an additional 1,544 shares during the period. Finally, Opal Wealth Advisors LLC grew its position in shares of Hershey by 108.7% during the 2nd quarter. Opal Wealth Advisors LLC now owns 1,242 shares of the company’s stock valued at $218,000 after acquiring an additional 647 shares during the period. Institutional investors own 57.96% of the company’s stock.

Hershey Stock Performance

Shares of HSY stock opened at $185.97 on Friday. The firm’s 50 day moving average is $177.65 and its 200 day moving average is $195.79. The stock has a market capitalization of $37.37 billion, a P/E ratio of 25.41, a PEG ratio of 1.12 and a beta of 0.11. Hershey Company has a 12 month low of $161.43 and a 12 month high of $239.48. The company has a current ratio of 1.18, a quick ratio of 0.66 and a debt-to-equity ratio of 1.03.

Hershey (NYSE:HSY) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.47. Hershey had a net margin of 12.24% and a return on equity of 31.92%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same period in the previous year, the business earned $1.21 EPS. Hershey’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, sell-side analysts anticipate that Hershey Company will post 8.49 earnings per share for the current year.

Hershey Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be given a $1.452 dividend. The ex-dividend date is Friday, August 14th. This represents a $5.81 annualized dividend and a dividend yield of 3.1%. Hershey’s payout ratio is 79.37%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Hershey from $200.00 to $190.00 and set an “equal weight” rating on the stock in a report on Friday, July 31st. Barclays reduced their price objective on Hershey from $208.00 to $200.00 and set an “equal weight” rating for the company in a report on Monday, August 3rd. Sanford C. Bernstein reissued a “market perform” rating and issued a $201.00 target price on shares of Hershey in a research report on Friday, July 31st. Weiss Ratings upgraded Hershey from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 31st. Finally, Bank of America dropped their price target on Hershey from $220.00 to $200.00 and set a “neutral” rating on the stock in a research report on Thursday, June 25th. Seven analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $203.61.

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 on Monday, July 20th. The stock was sold at an average price of $170.00, for a total transaction of $255,000.00. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.08% of the company’s stock.

Hershey Company 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.