Country Club Bank Sells 17,171 Shares of Hershey Company (The) $HSY

Country Club Bank lowered its position in shares of Hershey Company (The) (NYSE:HSY) by 74.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 6,002 shares of the company’s stock after selling 17,171 shares during the quarter. Country Club Bank’s holdings in Hershey were worth $1,002,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HSY. Gateway Investment Advisers LLC bought a new stake in Hershey during the first quarter worth about $286,000. Park Avenue Securities LLC lifted its stake in shares of Hershey by 8.8% in the 1st quarter. Park Avenue Securities LLC now owns 6,847 shares of the company’s stock valued at $1,171,000 after acquiring an additional 554 shares during the last quarter. Portside Wealth Group LLC lifted its stake in shares of Hershey by 21.0% in the 1st quarter. Portside Wealth Group LLC now owns 5,156 shares of the company’s stock valued at $882,000 after acquiring an additional 894 shares during the last quarter. CHICAGO TRUST Co NA lifted its stake in shares of Hershey by 25.3% in the 1st quarter. CHICAGO TRUST Co NA now owns 1,690 shares of the company’s stock valued at $289,000 after acquiring an additional 341 shares during the last quarter. Finally, Daymark Wealth Partners LLC lifted its stake in shares of Hershey by 4.4% in the 1st quarter. Daymark Wealth Partners LLC now owns 2,889 shares of the company’s stock valued at $494,000 after acquiring an additional 121 shares during the last quarter. Institutional investors own 57.96% of the company’s stock.

Hershey Trading Down 0.4%

HSY opened at $194.38 on Wednesday. The business has a 50 day simple moving average of $185.84 and a two-hundred day simple moving average of $173.59. The firm has a market capitalization of $39.41 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 4.72 and a beta of 0.26. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 0.89. Hershey Company has a one year low of $140.13 and a one year high of $208.03.

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

Hershey Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were given a $1.37 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $5.48 annualized dividend and a dividend yield of 2.8%. Hershey’s dividend payout ratio is currently 72.78%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Hershey in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $187.00 target price for the company. Wells Fargo & Company boosted their target price on Hershey from $154.00 to $157.00 and gave the company an “underweight” rating in a research note on Thursday, September 25th. Wall Street Zen raised Hershey from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. DA Davidson boosted their target price on Hershey from $171.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hershey in a research report on Saturday, September 27th. Two research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $174.05.

Insider Transactions at Hershey

In other news, CEO Michele Buck sold 19,290 shares of the stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $180.00, for a total value of $3,472,200.00. Following the completion of the transaction, the chief executive officer owned 193,624 shares of the company’s stock, valued at approximately $34,852,320. This represents a 9.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rohit Grover sold 1,334 shares of the stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $180.00, for a total value of $240,120.00. Following the completion of the transaction, the insider directly owned 38,068 shares of the company’s stock, valued at $6,852,240. This represents a 3.39% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,704 shares of company stock valued at $12,206,910. Corporate insiders own 0.28% of the company’s stock.

Hershey 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.