AlphaCore Capital LLC Buys 497 Shares of Hershey Company (The) $HSY

AlphaCore Capital LLC grew its position in Hershey Company (The) (NYSE:HSY) by 42.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,659 shares of the company’s stock after acquiring an additional 497 shares during the quarter. AlphaCore Capital LLC’s holdings in Hershey were worth $275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Hershey by 1.1% during the second quarter. Vanguard Group Inc. now owns 18,840,577 shares of the company’s stock valued at $3,126,594,000 after purchasing an additional 210,131 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Hershey by 7.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,991,639 shares of the company’s stock worth $853,720,000 after acquiring an additional 356,249 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Hershey by 2.8% in the 2nd quarter. Geode Capital Management LLC now owns 4,567,373 shares of the company’s stock valued at $755,305,000 after purchasing an additional 126,519 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Hershey by 4.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,276,326 shares of the company’s stock worth $543,712,000 after purchasing an additional 144,640 shares during the period. Finally, Royal Bank of Canada increased its position in shares of Hershey by 25.4% during the 1st quarter. Royal Bank of Canada now owns 2,753,077 shares of the company’s stock valued at $470,858,000 after purchasing an additional 557,056 shares during the last quarter. 57.96% of the stock is currently owned by institutional investors.

Hershey Stock Up 0.1%

Shares of NYSE HSY opened at $186.11 on Tuesday. Hershey Company has a 12-month low of $140.13 and a 12-month high of $208.03. The stock’s fifty day simple moving average is $183.59 and its two-hundred day simple moving average is $177.13. The stock has a market capitalization of $37.74 billion, a PE ratio of 24.72, a price-to-earnings-growth 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 issued its quarterly earnings data on Thursday, October 30th. The company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.24. Hershey had a return on equity of 37.36% and a net margin of 13.54%.The company had revenue of $3.18 billion for 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 firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. Hershey has set its FY 2025 guidance at 5.900-6.000 EPS. As a group, analysts expect that Hershey Company will post 6.12 EPS for the current fiscal year.

Hershey Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 17th will be issued a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, November 17th. Hershey’s dividend payout ratio (DPR) is currently 81.91%.

Insider Activity

In related news, CFO Steven E. Voskuil sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $179.56, for a total transaction of $269,340.00. Following the completion of the transaction, the chief financial officer owned 55,319 shares in the company, valued at $9,933,079.64. The trade was a 2.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 6,000 shares of company stock valued at $1,103,640. 0.34% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HSY has been the subject of a number of analyst reports. Evercore ISI restated a “positive” rating on shares of Hershey in a research report on Friday, October 31st. UBS Group dropped their price target on shares of Hershey from $205.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Stifel Nicolaus cut their price target on shares of Hershey from $195.00 to $185.00 and set a “hold” rating on the stock in a report on Friday, October 31st. Wells Fargo & Company raised their price objective on shares of Hershey from $154.00 to $157.00 and gave the stock an “underweight” rating in a research note on Thursday, September 25th. Finally, BNP Paribas Exane upgraded Hershey from a “neutral” rating to an “outperform” rating in a research report on Monday, September 15th. Three investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $179.74.

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.