Allworth Financial LP Has $1.35 Million Stock Holdings in Hershey Company (The) $HSY

Allworth Financial LP increased its position in shares of Hershey Company (The) (NYSE:HSY) by 13.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,152 shares of the company’s stock after buying an additional 963 shares during the quarter. Allworth Financial LP’s holdings in Hershey were worth $1,353,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Trust Co. of Toledo NA OH bought a new stake in Hershey during the 2nd quarter valued at $28,000. Zions Bancorporation National Association UT acquired a new position in shares of Hershey during the first quarter valued at about $36,000. Fourth Dimension Wealth LLC bought a new stake in shares of Hershey during the second quarter worth about $39,000. Whittier Trust Co. bought a new stake in shares of Hershey during the first quarter worth about $44,000. Finally, WPG Advisers LLC acquired a new stake in shares of Hershey in the 1st quarter worth about $47,000. Institutional investors own 57.96% of the company’s stock.

Hershey Price Performance

Hershey stock opened at $178.47 on Friday. The business’s 50 day simple moving average is $184.07 and its 200 day simple moving average is $176.21. Hershey Company has a 12 month low of $140.13 and a 12 month high of $208.03. The company has a market cap of $36.19 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 4.21 and a beta of 0.24. The company has a current ratio of 1.53, a quick ratio of 0.89 and a debt-to-equity ratio of 1.15.

Hershey (NYSE:HSY) last posted its earnings results 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. Hershey had a net margin of 13.54% and a return on equity of 37.36%. The firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter last year, the company earned $2.34 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. Hershey has set its FY 2025 guidance at 5.900-6.000 EPS. Sell-side analysts forecast that Hershey Company will post 6.12 EPS for the current year.

Hershey Dividend Announcement

The company 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 3.1%. The ex-dividend date of this dividend is Monday, November 17th. Hershey’s dividend payout ratio (DPR) is presently 81.91%.

Insider Activity at Hershey

In other news, CFO Steven E. Voskuil sold 1,500 shares of the company’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $187.52, for a total value of $281,280.00. Following the transaction, the chief financial officer owned 56,819 shares of the company’s stock, valued at approximately $10,654,698.88. This represents a 2.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HSY. JPMorgan Chase & Co. lifted their price target on Hershey from $187.00 to $189.00 and gave the company a “neutral” rating in a research note on Monday, October 20th. Barclays set a $188.00 target price on Hershey in a research report on Monday, November 3rd. Wall Street Zen upgraded Hershey from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Sanford C. Bernstein raised their price objective on Hershey from $155.00 to $179.00 and gave the company a “market perform” rating in a research note on Thursday, July 31st. Finally, TD Cowen reduced their target price on shares of Hershey from $204.00 to $200.00 and set a “hold” rating for the company in a research note on Friday, October 31st. Three equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $179.05.

Hershey Company 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.