Hershey Company (The) $HSY Shares Purchased by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. increased its stake in shares of Hershey Company (The) (NYSE:HSY) by 33.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,279 shares of the company’s stock after acquiring an additional 821 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Hershey were worth $544,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HSY. Pacer Advisors Inc. raised its stake in Hershey by 6,721.3% during the 1st quarter. Pacer Advisors Inc. now owns 819,446 shares of the company’s stock worth $140,150,000 after acquiring an additional 807,433 shares in the last quarter. Royal Bank of Canada raised its stake in Hershey by 25.4% during the 1st quarter. Royal Bank of Canada now owns 2,753,077 shares of the company’s stock worth $470,858,000 after acquiring an additional 557,056 shares in the last quarter. Scharf Investments LLC acquired a new stake in Hershey during the 2nd quarter worth $90,588,000. Charles Schwab Investment Management Inc. raised its stake in Hershey by 7.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,991,639 shares of the company’s stock worth $853,720,000 after acquiring an additional 356,249 shares in the last quarter. Finally, Amundi raised its stake in Hershey by 40.4% during the 1st quarter. Amundi now owns 1,237,107 shares of the company’s stock worth $208,227,000 after acquiring an additional 356,105 shares in the last quarter. 57.96% of the stock is currently owned by institutional investors and hedge funds.

Hershey Stock Up 0.6%

Shares of NYSE:HSY opened at $187.88 on Monday. The company 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. The firm’s 50-day simple moving average is $186.28 and its 200-day simple moving average is $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 fifty-two week low of $140.13 and a fifty-two week high of $208.03.

Hershey (NYSE:HSY) last issued its earnings results on Wednesday, July 30th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.23. The business had revenue of $2.61 billion for 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 business’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.27 earnings per share. Hershey has set its FY 2025 guidance at 5.809-5.997 EPS. As a group, equities research analysts predict that Hershey Company will post 6.12 earnings per share for the current year.

Hershey Announces Dividend

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

Insider Activity

In related news, CFO Steven E. Voskuil sold 1,500 shares of the firm’s 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 sale, the chief financial officer owned 58,319 shares in the company, valued at $11,029,289.28. This trade represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $3,742,260.00. Following the completion of the sale, the chief executive officer owned 193,624 shares of the company’s stock, valued at $37,563,056. This trade represents a 9.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,080 shares of company stock valued at $7,594,590 in the last quarter. Company insiders own 0.28% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on HSY shares. Bank of America raised their price objective on shares of Hershey from $175.00 to $208.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Wall Street Zen raised shares of Hershey from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Barclays raised their price objective on shares of Hershey from $165.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Friday, August 1st. Stifel Nicolaus raised their price objective 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hershey in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $176.11.

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.