Hershey Company (The) $HSY Shares Bought by Cim LLC

Cim LLC grew its position in Hershey Company (The) (NYSE:HSY) by 51.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,292 shares of the company’s stock after acquiring an additional 6,567 shares during the period. Cim LLC’s holdings in Hershey were worth $4,011,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in HSY. JPL Wealth Management LLC purchased a new stake in Hershey in the 3rd quarter valued at approximately $26,000. Reflection Asset Management acquired a new position in Hershey during the 4th quarter worth approximately $26,000. Bard Associates Inc. purchased a new position in shares of Hershey during the 4th quarter worth approximately $26,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Hershey in the 4th quarter valued at approximately $27,000. Finally, Manchester Capital Management LLC lifted its holdings in shares of Hershey by 123.0% in the 4th quarter. Manchester Capital Management LLC now owns 165 shares of the company’s stock valued at $30,000 after buying an additional 91 shares during the period. 57.96% of the stock is currently owned by institutional investors and hedge funds.

Hershey Stock Performance

Shares of HSY stock opened at $183.96 on Thursday. The stock has a fifty day moving average price of $179.81 and a 200 day moving average price of $196.93. The stock has a market cap of $37.31 billion, a PE ratio of 34.26, a P/E/G ratio of 1.14 and a beta of 0.11. Hershey Company has a 1 year low of $161.43 and a 1 year high of $239.48. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 1.24.

Hershey (NYSE:HSY) last posted its earnings results on Thursday, April 30th. The company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.31. Hershey had a return on equity of 28.98% and a net margin of 9.12%.The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same quarter in the prior year, the company earned $2.09 earnings per share. Hershey’s revenue was up 10.7% compared to the same quarter last year. Sell-side analysts forecast that Hershey Company will post 8.42 earnings per share for the current fiscal year.

More Hershey News

Here are the key news stories impacting Hershey this week:

• Positive Sentiment: Hershey’s REESE’S OREO Cup is being promoted as one of the candy category’s most successful recent innovations. The anniversary campaign could support brand engagement, product momentum and seasonal sales. REESE’S OREO anniversary campaign
• Positive Sentiment: New Hershey and Morning Consult research suggests consumers are starting Halloween shopping and celebrations earlier, potentially creating more occasions for candy purchases and extending the seasonal selling period. Hershey Halloween consumer insights
• Neutral Sentiment: Investors are focused on Thursday’s second-quarter report. Expectations call for modest revenue growth, while analysts will likely scrutinize North American confectionery volumes, pricing, margins and management’s outlook. Hershey Q2 earnings preview
• Neutral Sentiment: The CFO’s sale of 1,500 shares worth $255,000 was conducted under a pre-arranged Rule 10b5-1 plan. Because the executive retains more than $9 million in Hershey equity, the transaction is generally a limited signal about company fundamentals. Hershey CFO insider sale
• Negative Sentiment: RBC Capital Markets expects Hershey to miss second-quarter revenue estimates because of weak North American consumption data. The report reinforces downside risk to near-term sales and guidance. RBC Hershey revenue estimate
• Negative Sentiment: Analyst sentiment remains cautious: Stifel cut its price target to $180 with a hold rating, while Mizuho previously reduced its target to $185. The overall consensus rating remains “Hold,” suggesting valuation and demand concerns are still significant. Hershey analyst ratings

Insider Activity

In related news, CFO Steven E. Voskuil sold 1,500 shares of the business’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $170.00, for a total value of $255,000.00. Following the sale, the chief financial officer directly owned 53,195 shares in the company, valued at $9,043,150. The trade was a 2.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Hershey from $204.00 to $191.00 and set a “neutral” rating on the stock in a report on Monday, July 13th. Morgan Stanley reduced their target price on Hershey from $247.00 to $227.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. Piper Sandler decreased their target price on shares of Hershey from $249.00 to $200.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Mizuho lowered their price target on shares of Hershey from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 20th. Finally, UBS Group cut their price target on shares of Hershey from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Thursday, July 16th. Seven equities research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $208.28.

Hershey Company Profile

The Hershey Company (NYSE: HSY) is a leading North American chocolatier and snack manufacturer headquartered in Hershey, Pennsylvania. The company develops, produces and markets a wide range of confectionery and snack products for retail, foodservice and international customers. Hershey’s business spans manufacturing, branded product marketing, packaging and distribution across grocery, convenience, mass merchant and e-commerce channels.

Hershey’s product portfolio centers on chocolate and sugar confectionery, including core brands such as Hershey’s, Reese’s, Hershey’s Kisses and Twizzlers, alongside non-chocolate snacks and confectionery brands.