CORDA Investment Management LLC. Purchases 11,290 Shares of Hershey Company (The) $HSY

CORDA Investment Management LLC. lifted its position in Hershey Company (The) (NYSE:HSY) by 11.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 106,682 shares of the company’s stock after purchasing an additional 11,290 shares during the quarter. CORDA Investment Management LLC. owned about 0.05% of Hershey worth $17,704,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Proffitt & Goodson Inc. purchased a new position in Hershey in the first quarter worth $28,000. Trust Co. of Toledo NA OH purchased a new position in Hershey in the second quarter worth $28,000. Tradewinds Capital Management LLC grew its position in Hershey by 129.5% in 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 in the last quarter. Fort Vancouver Investment Management LLC purchased a new position in Hershey in the first quarter worth $34,000. Finally, MorganRosel Wealth Management LLC purchased a new position in Hershey in the first quarter worth $35,000. Institutional investors own 57.96% of the company’s stock.

Insider Transactions at Hershey

In related news, CFO Steven E. Voskuil sold 1,500 shares of the stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $189.12, for a total value of $283,680.00. Following the completion of the transaction, the chief financial officer directly owned 58,319 shares of the company’s stock, valued at $11,029,289.28. This represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michele Buck sold 19,290 shares of the stock in a transaction dated Wednesday, July 30th. The stock was 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. The trade was a 9.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,080 shares of company stock valued at $7,594,590. 0.28% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HSY. Weiss Ratings reiterated a “hold (c)” rating on shares of Hershey in a research report on Wednesday, October 8th. BNP Paribas Exane upgraded shares of Hershey from a “neutral” rating to an “outperform” rating in a research report on Monday, September 15th. Stifel Nicolaus upped their target price on shares of Hershey from $160.00 to $180.00 and gave the stock a “hold” rating in a research report on Tuesday, July 29th. The Goldman Sachs Group upgraded shares of Hershey from a “sell” rating to a “buy” rating and upped their price target for the company from $170.00 to $222.00 in a research report on Tuesday, September 16th. Finally, Mizuho upped their price target on shares of Hershey from $155.00 to $165.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Two analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $176.11.

Hershey Stock Performance

NYSE HSY opened at $187.88 on Monday. The company has a 50-day simple moving average of $186.28 and a two-hundred day simple moving average of $174.88. The company has a quick ratio of 0.89, a current ratio of 1.53 and a debt-to-equity ratio of 1.15. Hershey Company has a 12-month low of $140.13 and a 12-month high of $208.03. The firm has a market cap of $38.09 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 4.53 and a beta of 0.26.

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

Hershey Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were paid a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, August 15th. Hershey’s dividend payout ratio is presently 72.78%.

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.