Concurrent Investment Advisors LLC Has $806,000 Stock Holdings in Hershey Company (The) $HSY

Concurrent Investment Advisors LLC decreased its holdings in shares of Hershey Company (The) (NYSE:HSY) by 3.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,857 shares of the company’s stock after selling 150 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Hershey were worth $806,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HSY. Proffitt & Goodson Inc. acquired a new position in shares of Hershey during the first quarter worth approximately $28,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Hershey in the second quarter worth $28,000. Tradewinds Capital Management LLC increased its position in Hershey by 129.5% during the first quarter. Tradewinds Capital Management LLC now owns 179 shares of the company’s stock worth $31,000 after acquiring an additional 101 shares during the period. Fort Vancouver Investment Management LLC acquired a new position in Hershey during the 1st quarter valued at $34,000. Finally, MorganRosel Wealth Management LLC bought a new stake in Hershey in the 1st quarter valued at $35,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

Insider Transactions at Hershey

In other Hershey news, CEO Michele Buck sold 19,290 shares of the firm’s stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $194.00, for a total value of $3,742,260.00. Following the completion of the sale, the chief executive officer owned 193,624 shares in the company, valued at approximately $37,563,056. This trade represents a 9.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Rohit Grover sold 1,334 shares of the company’s stock in a transaction that occurred 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 owned 38,068 shares in the company, valued at $6,852,240. The trade was a 3.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,704 shares of company stock worth $12,206,910. Insiders own 0.34% of the company’s stock.

Hershey Stock Down 2.6%

HSY opened at $186.67 on Friday. The firm has a market cap of $37.84 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 4.63 and a beta of 0.26. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.89 and a current ratio of 1.53. The firm’s 50-day simple moving average is $186.20 and its 200-day simple moving average is $174.62. Hershey Company has a twelve month low of $140.13 and a twelve month high of $208.03.

Hershey (NYSE:HSY) last released 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 firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.50 billion. Hershey had a net margin of 13.54% and a return on equity of 37.36%. The company’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.27 earnings per share. Hershey has set its FY 2025 guidance at 5.809-5.997 EPS. Equities research analysts anticipate that Hershey Company will post 6.12 EPS for the current fiscal year.

Hershey Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were paid a $1.37 dividend. 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 2.9%. Hershey’s payout ratio is currently 72.78%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HSY. Wall Street Zen upgraded shares of Hershey from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Hershey in a research report on Wednesday, October 8th. The Goldman Sachs Group upgraded Hershey from a “sell” rating to a “buy” rating and raised their price objective for the stock from $170.00 to $222.00 in a research report on Tuesday, September 16th. Bank of America boosted their price objective on Hershey from $175.00 to $208.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. Finally, BNP Paribas Exane raised Hershey from a “neutral” rating to an “outperform” rating in a research report on Monday, September 15th. Two 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 an average rating of “Reduce” and an average target price of $176.11.

About Hershey

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.