Hershey Company (The) $HSY Stock Holdings Increased by AMI Investment Management Inc.

AMI Investment Management Inc. lifted its stake in Hershey Company (The) (NYSE:HSY) by 1.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,434 shares of the company’s stock after purchasing an additional 174 shares during the quarter. AMI Investment Management Inc.’s holdings in Hershey were worth $2,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Proffitt & Goodson Inc. bought a new position in Hershey during the first quarter valued at approximately $28,000. Tradewinds Capital Management LLC raised its position in Hershey by 129.5% during the first quarter. Tradewinds Capital Management LLC now owns 179 shares of the company’s stock valued at $31,000 after acquiring an additional 101 shares in the last quarter. Fort Vancouver Investment Management LLC bought a new position in Hershey during the first quarter valued at approximately $34,000. MorganRosel Wealth Management LLC bought a new position in Hershey during the first quarter valued at approximately $35,000. Finally, Zions Bancorporation National Association UT bought a new position in Hershey during the first quarter valued at approximately $36,000. Institutional investors own 57.96% of the company’s stock.

Insider Buying and Selling

In related news, CEO Michele Buck sold 19,290 shares of the business’s stock in a transaction on Monday, July 21st. The shares were sold at an average price of $180.00, for a total transaction of $3,472,200.00. Following the transaction, the chief executive officer owned 193,624 shares of the company’s stock, valued at approximately $34,852,320. The trade was a 9.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Rohit Grover sold 1,334 shares of the business’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $180.00, for a total transaction of $240,120.00. Following the transaction, the insider directly owned 38,068 shares in the company, valued at $6,852,240. This trade represents a 3.39% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,704 shares of company stock valued at $12,206,910. 0.34% of the stock is owned by company insiders.

Hershey Trading Up 0.6%

Shares of HSY stock opened at $195.54 on Thursday. Hershey Company has a 1 year low of $140.13 and a 1 year high of $208.03. The firm’s fifty day simple moving average is $185.98 and its 200 day simple moving average is $173.74. The firm has a market capitalization of $39.64 billion, a P/E ratio of 25.97, a price-to-earnings-growth ratio of 4.70 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 (NYSE:HSY) last announced its earnings results on Wednesday, July 30th. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.23. Hershey had a net margin of 13.54% and a return on equity of 37.36%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the firm posted $1.27 earnings per share. Hershey’s revenue was up 26.0% compared to the same quarter last year. Hershey has set its FY 2025 guidance at 5.809-5.997 EPS. As a group, sell-side analysts predict that Hershey Company will post 6.12 EPS for the current year.

Hershey Dividend Announcement

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

Analyst Ratings Changes

HSY has been the topic of several recent research reports. Piper Sandler raised 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. Stifel Nicolaus raised their price objective on shares of Hershey from $160.00 to $180.00 and gave the company a “hold” rating in a research report on Tuesday, July 29th. Bank of America raised their price objective on shares of Hershey from $175.00 to $208.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. BNP Paribas Exane raised shares of Hershey from a “neutral” rating to an “outperform” rating in a research report on Monday, September 15th. Finally, Wall Street Zen raised shares of Hershey from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Hershey presently has a consensus rating of “Reduce” and an average price target of $175.89.

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.