Parallel Advisors LLC Has $580,000 Stock Holdings in Hershey Company (The) $HSY

Parallel Advisors LLC lessened its holdings in Hershey Company (The) (NYSE:HSY) by 6.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,498 shares of the company’s stock after selling 247 shares during the period. Parallel Advisors LLC’s holdings in Hershey were worth $580,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HSY. Thurston Springer Miller Herd & Titak Inc. boosted its position in Hershey by 15.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,206 shares of the company’s stock valued at $698,000 after purchasing an additional 550 shares during the last quarter. Sage Capital Advisors llc boosted its position in Hershey by 1.8% during the second quarter. Sage Capital Advisors llc now owns 17,854 shares of the company’s stock valued at $2,963,000 after purchasing an additional 316 shares during the last quarter. Fiduciary Financial Group LLC acquired a new stake in Hershey during the second quarter valued at $207,000. Confluence Investment Management LLC boosted its position in Hershey by 9.3% during the second quarter. Confluence Investment Management LLC now owns 764,392 shares of the company’s stock valued at $126,851,000 after purchasing an additional 64,966 shares during the last quarter. Finally, AG2R LA Mondiale Gestion D Actifs acquired a new stake in Hershey during the first quarter valued at $999,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Bank of America lifted their price objective on Hershey from $175.00 to $208.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. BNP Paribas Exane raised Hershey from a “neutral” rating to an “outperform” rating in a research report on Monday, September 15th. The Goldman Sachs Group raised Hershey from a “sell” rating to a “buy” rating and boosted their price target for the stock from $170.00 to $222.00 in a research report on Tuesday. Wells Fargo & Company lifted their price objective on Hershey from $135.00 to $154.00 and gave the stock an “underweight” rating in a research note on Thursday, July 31st. Finally, Wall Street Zen upgraded Hershey from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Two investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $173.89.

Hershey Stock Up 0.5%

NYSE HSY opened at $190.03 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.89 and a debt-to-equity ratio of 1.15. The stock’s 50 day moving average is $182.59 and its two-hundred day moving average is $172.24. The company has a market capitalization of $38.52 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 4.57 and a beta of 0.27. Hershey Company has a 1-year low of $140.13 and a 1-year high of $208.03.

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

Hershey Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were issued a dividend of $1.37 per share. 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 payout ratio is presently 72.78%.

Insider Buying and Selling

In other news, insider Rohit Grover sold 1,334 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $180.00, for a total value of $240,120.00. Following the transaction, the insider directly owned 38,068 shares of the company’s stock, valued at $6,852,240. The trade was a 3.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michele Buck sold 19,290 shares of the business’s stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $194.00, for a total value of $3,742,260.00. Following the completion of the transaction, the chief executive officer directly owned 193,624 shares in the company, valued at $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. Insiders sold a total of 87,627 shares of company stock valued at $16,043,435 over the last ninety days. Company 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.