Allspring Global Investments Holdings LLC Sells 1,052 Shares of Hershey Company (The) $HSY

Allspring Global Investments Holdings LLC trimmed its stake in Hershey Company (The) (NYSE:HSY) by 13.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,725 shares of the company’s stock after selling 1,052 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Hershey were worth $1,182,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Proffitt & Goodson Inc. bought a new stake in shares of Hershey during the 1st quarter worth $28,000. Trust Co. of Toledo NA OH bought a new stake in Hershey during the second quarter worth about $28,000. Tradewinds Capital Management LLC lifted its stake in Hershey by 129.5% during the first quarter. Tradewinds Capital Management LLC now owns 179 shares of the company’s stock worth $31,000 after purchasing an additional 101 shares during the last quarter. Fort Vancouver Investment Management LLC purchased a new position in shares of Hershey in the 1st quarter worth about $34,000. Finally, MorganRosel Wealth Management LLC bought a new position in shares of Hershey during the 1st quarter valued at about $35,000. 57.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hershey

In other news, CFO Steven E. Voskuil sold 1,500 shares of the business’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $187.52, for a total transaction of $281,280.00. Following the sale, the chief financial officer owned 56,819 shares in the company, valued at approximately $10,654,698.88. The trade was a 2.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michele Buck sold 19,290 shares of the stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $194.00, for a total transaction of $3,742,260.00. Following the completion of the transaction, the chief executive officer owned 193,624 shares of the company’s stock, valued at approximately $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 have sold 22,290 shares of company stock valued at $4,307,220 in the last three months. Insiders own 0.34% of the company’s stock.

Hershey Stock Down 1.1%

Shares of NYSE HSY opened at $184.08 on Thursday. The firm has a fifty day simple moving average of $186.77 and a two-hundred day simple moving average of $175.19. Hershey Company has a 12 month low of $140.13 and a 12 month high of $208.03. 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 firm has a market capitalization of $37.32 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 4.48 and a beta of 0.26.

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

Hershey Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were issued a $1.37 dividend. The ex-dividend date was Friday, August 15th. This represents a $5.48 dividend on an annualized basis and a yield of 3.0%. Hershey’s dividend payout ratio is 72.78%.

Analyst Ratings Changes

A number of analysts recently weighed in on HSY shares. Morgan Stanley set a $193.00 target price on Hershey in a research report on Thursday, October 16th. BNP Paribas Exane raised shares of Hershey from a “neutral” rating to an “outperform” rating in a research note on Monday, September 15th. Wall Street Zen raised shares of Hershey from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Mizuho upped their price target on shares of Hershey from $155.00 to $165.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Finally, Wells Fargo & Company raised their price objective on Hershey from $154.00 to $157.00 and gave the company an “underweight” rating in a research note on Thursday, September 25th. Two research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $176.83.

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.