Woodmont Investment Counsel LLC Has $238,000 Stock Holdings in Hershey Company (The) $HSY

Woodmont Investment Counsel LLC trimmed its position in Hershey Company (The) (NYSE:HSY) by 28.1% in the second quarter, Holdings Channel.com reports. The firm owned 1,434 shares of the company’s stock after selling 561 shares during the period. Woodmont Investment Counsel LLC’s holdings in Hershey were worth $238,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of HSY. Merit Financial Group LLC lifted its holdings in Hershey by 14.2% in the second quarter. Merit Financial Group LLC now owns 31,796 shares of the company’s stock valued at $5,276,000 after buying an additional 3,952 shares during the period. Iron Horse Wealth Management LLC boosted its position in shares of Hershey by 934.5% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 300 shares of the company’s stock worth $50,000 after purchasing an additional 271 shares during the last quarter. Brown Miller Wealth Management LLC increased its holdings in Hershey by 15.3% in the second quarter. Brown Miller Wealth Management LLC now owns 2,877 shares of the company’s stock valued at $477,000 after purchasing an additional 381 shares during the last quarter. OLD National Bancorp IN lifted its stake in Hershey by 895.4% in the second quarter. OLD National Bancorp IN now owns 25,373 shares of the company’s stock valued at $4,211,000 after buying an additional 22,824 shares during the period. Finally, Elevate Capital Advisors LLC boosted its holdings in Hershey by 27.8% during the second quarter. Elevate Capital Advisors LLC now owns 18,026 shares of the company’s stock worth $2,991,000 after buying an additional 3,921 shares during the last quarter. Institutional investors own 57.96% of the company’s stock.

Insider Transactions at Hershey

In related news, insider Rohit Grover sold 1,334 shares of the stock in a transaction on Monday, July 21st. The shares were sold at an average price of $180.00, for a total transaction of $240,120.00. Following the completion of the transaction, the insider owned 38,068 shares in the company, valued at approximately $6,852,240. This represents a 3.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michele Buck sold 19,290 shares of the firm’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $194.00, for a total transaction of $3,742,260.00. Following the completion of the transaction, the chief executive officer directly owned 193,624 shares of the company’s stock, valued at approximately $37,563,056. This trade represents a 9.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 65,704 shares of company stock valued at $12,206,910 over the last 90 days. 0.28% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on HSY shares. Weiss Ratings reissued a “hold (c)” rating on shares of Hershey in a research note on Saturday, September 27th. JPMorgan Chase & Co. initiated coverage on shares of Hershey in a report on Wednesday, August 20th. They issued a “neutral” rating and a $187.00 price target for the company. Piper Sandler upped their price objective on shares of Hershey from $160.00 to $167.00 and gave the company an “underweight” rating in a research report on Tuesday, September 9th. DA Davidson lifted their target price on Hershey from $171.00 to $188.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. Finally, Barclays increased their price target on Hershey from $165.00 to $190.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. Two analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Hershey presently has a consensus rating of “Reduce” and an average price target of $174.05.

Hershey Price Performance

Shares of NYSE HSY opened at $195.27 on Tuesday. The company has a fifty day moving average price of $185.68 and a 200 day moving average price of $173.44. The firm has a market cap of $39.59 billion, a PE ratio of 25.93, a PEG ratio of 4.71 and a beta of 0.26. 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 1-year low of $140.13 and a 1-year high of $208.03.

Hershey (NYSE:HSY) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.23. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.50 billion. Hershey had a return on equity of 37.36% and a net margin of 13.54%.The company’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.27 earnings per share. Hershey has set its FY 2025 guidance at 5.809-5.997 EPS. Research analysts predict that Hershey Company will post 6.12 earnings per share for the current fiscal year.

Hershey Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were issued a $1.37 dividend. The ex-dividend date was Friday, August 15th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 2.8%. Hershey’s dividend payout ratio (DPR) is 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.