Elevation Point Wealth Partners LLC Purchases Shares of 3,146 Hershey Company (The) $HSY

Elevation Point Wealth Partners LLC acquired a new position in Hershey Company (The) (NYSE:HSY) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,146 shares of the company’s stock, valued at approximately $552,000.

Other large investors have also recently made changes to their positions in the company. PBU The Pension Fund of Early Childhood & Youth Educators bought a new stake in shares of Hershey during the 4th quarter valued at about $9,633,000. Prudential PLC raised its stake in Hershey by 237.3% in the fourth quarter. Prudential PLC now owns 7,988 shares of the company’s stock worth $1,454,000 after buying an additional 5,620 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in Hershey in the fourth quarter worth about $2,744,000. Fifth Third Bancorp lifted its holdings in Hershey by 126.4% in the first quarter. Fifth Third Bancorp now owns 84,215 shares of the company’s stock worth $17,508,000 after buying an additional 47,017 shares during the period. Finally, Arbejdsmarkedets Tillaegspension purchased a new stake in Hershey in the fourth quarter worth about $23,675,000. 57.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on HSY. TD Cowen upgraded Hershey from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a report on Friday, May 1st. DA Davidson set a $190.00 target price on Hershey in a research note on Friday, July 31st. Royal Bank Of Canada dropped their price target on Hershey from $212.00 to $206.00 and set a “sector perform” rating on the stock in a research report on Friday, August 21st. Jefferies Financial Group set a $190.00 price target on Hershey in a research note on Thursday, July 16th. Finally, Bank of America decreased their price objective on Hershey from $220.00 to $200.00 and set a “neutral” rating for the company in a report on Thursday, June 25th. Seven analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $204.78.

Insider Buying and Selling

In other news, CFO Steven E. Voskuil sold 1,500 shares of the stock in a transaction on Monday, July 20th. The stock was 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 of the company’s stock, valued at approximately $9,043,150. This represents a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.08% of the company’s stock.

Hershey Price Performance

Shares of NYSE HSY opened at $187.18 on Wednesday. Hershey Company has a fifty-two week low of $161.43 and a fifty-two week high of $239.48. The company has a 50 day simple moving average of $178.67 and a two-hundred day simple moving average of $195.27. The company has a market capitalization of $37.61 billion, a price-to-earnings ratio of 25.57, a P/E/G ratio of 1.16 and a beta of 0.11. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.66 and a current ratio of 1.18.

Hershey (NYSE:HSY) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.47. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.63 billion. Hershey had a return on equity of 31.92% and a net margin of 12.24%.The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.21 EPS. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. Analysts expect that Hershey Company will post 8.49 EPS for the current fiscal year.

Hershey Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be issued a $1.452 dividend. This represents a $5.81 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, August 14th. Hershey’s payout ratio is 79.37%.

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.