Frank Rimerman Advisors LLC Has $494,000 Position in Hershey Company (The) $HSY

Frank Rimerman Advisors LLC raised its holdings in Hershey Company (The) (NYSE:HSY) by 18.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,977 shares of the company’s stock after acquiring an additional 460 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Hershey were worth $494,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of HSY. Chicago Partners Investment Group LLC bought a new position in shares of Hershey in the 2nd quarter valued at approximately $224,000. Nuveen LLC bought a new stake in Hershey during the first quarter worth approximately $55,269,000. Harvest Investment Advisors LLC grew its holdings in Hershey by 39.7% during the first quarter. Harvest Investment Advisors LLC now owns 10,859 shares of the company’s stock valued at $1,857,000 after purchasing an additional 3,087 shares during the last quarter. Berkshire Asset Management LLC PA raised its position in shares of Hershey by 106.1% in the first quarter. Berkshire Asset Management LLC PA now owns 145,457 shares of the company’s stock valued at $24,745,000 after purchasing an additional 74,894 shares during the period. Finally, Jump Financial LLC lifted its stake in shares of Hershey by 694.5% in the first quarter. Jump Financial LLC now owns 16,264 shares of the company’s stock worth $2,782,000 after buying an additional 14,217 shares during the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on HSY shares. JPMorgan Chase & Co. lifted their target price on shares of Hershey from $187.00 to $189.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. Stifel Nicolaus dropped their price objective on Hershey from $195.00 to $185.00 and set a “hold” rating on the stock in a research note on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Hershey in a research report on Wednesday, October 8th. Sanford C. Bernstein raised their target price on Hershey from $155.00 to $179.00 and gave the company a “market perform” rating in a report on Thursday, July 31st. Finally, Evercore ISI reaffirmed a “positive” rating on shares of Hershey in a research report on Friday, October 31st. Three analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Hershey presently has an average rating of “Hold” and an average price target of $179.05.

Hershey Trading Down 0.3%

Shares of HSY opened at $182.47 on Thursday. The stock’s 50-day moving average price is $183.61 and its 200 day moving average price is $176.73. The company has a quick ratio of 0.89, a current ratio of 1.53 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $37.00 billion, a price-to-earnings ratio of 24.23, a P/E/G ratio of 4.21 and a beta of 0.24. Hershey Company has a 12-month low of $140.13 and a 12-month high of $208.03.

Hershey (NYSE:HSY) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.24. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.11 billion. Hershey had a return on equity of 37.36% and a net margin of 13.54%.Hershey’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.34 EPS. Hershey has set its FY 2025 guidance at 5.900-6.000 EPS. As a group, research analysts predict that Hershey Company will post 6.12 earnings per share for the current year.

Hershey Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 17th will be issued a $1.37 dividend. This represents a $5.48 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, November 17th. Hershey’s payout ratio is 81.91%.

Insider Activity

In other news, CFO Steven E. Voskuil sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $179.56, for a total transaction of $269,340.00. Following the completion of the transaction, the chief financial officer directly owned 55,319 shares of the company’s stock, valued at approximately $9,933,079.64. This trade represents a 2.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 6,000 shares of company stock valued at $1,103,640. Corporate insiders own 0.34% 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.