CapWealth Advisors LLC Sells 6,867 Shares of Hershey Company (The) $HSY

CapWealth Advisors LLC trimmed its position in shares of Hershey Company (The) (NYSE:HSY) by 10.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,122 shares of the company’s stock after selling 6,867 shares during the period. CapWealth Advisors LLC’s holdings in Hershey were worth $11,246,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Hershey by 6.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,310 shares of the company’s stock worth $2,618,000 after buying an additional 937 shares during the period. Farther Finance Advisors LLC grew its position in Hershey by 3.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 9,109 shares of the company’s stock valued at $1,512,000 after acquiring an additional 301 shares during the last quarter. Park Avenue Securities LLC increased its stake in Hershey by 3.3% in the second quarter. Park Avenue Securities LLC now owns 7,070 shares of the company’s stock worth $1,173,000 after purchasing an additional 223 shares during the period. GAMMA Investing LLC lifted its position in shares of Hershey by 26.1% during the second quarter. GAMMA Investing LLC now owns 7,450 shares of the company’s stock worth $1,236,000 after purchasing an additional 1,541 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its stake in shares of Hershey by 11.0% during the second quarter. AdvisorNet Financial Inc now owns 1,388 shares of the company’s stock valued at $230,000 after purchasing an additional 138 shares during the period. Institutional investors own 57.96% of the company’s stock.

Hershey Stock Performance

Shares of HSY stock opened at $196.02 on Thursday. The firm has a market cap of $39.75 billion, a price-to-earnings ratio of 29.30 and a beta of 0.18. Hershey Company has a 52-week low of $140.13 and a 52-week high of $201.86. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 1.02. The company’s 50 day moving average is $185.87 and its 200 day moving average is $183.34.

Hershey (NYSE:HSY) last posted its earnings results on Thursday, October 30th. The company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.24. Hershey had a return on equity of 32.08% and a net margin of 11.84%.The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the prior year, the business earned $2.34 earnings per share. Hershey’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. On average, sell-side analysts anticipate that Hershey Company will post 6.12 EPS for the current fiscal year.

Hershey Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, November 17th were paid a $1.37 dividend. This represents a $5.48 annualized dividend and a yield of 2.8%. The ex-dividend date was Monday, November 17th. Hershey’s payout ratio is 81.91%.

Wall Street Analyst Weigh In

HSY has been the topic of several recent analyst reports. UBS Group raised their price target on shares of Hershey from $190.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Wells Fargo & Company set a $182.00 target price on shares of Hershey and gave the stock an “equal weight” rating in a research report on Monday, January 5th. Bank of America lifted their price target on shares of Hershey from $200.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. DA Davidson lowered their price target on Hershey from $188.00 to $185.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Finally, JPMorgan Chase & Co. raised their price objective on Hershey from $187.00 to $189.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. Five equities research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the stock. According to MarketBeat, Hershey currently has a consensus rating of “Hold” and a consensus target price of $189.53.

Insiders Place Their Bets

In other news, insider Stacy Taffet acquired 200 shares of Hershey stock in a transaction that occurred on Friday, November 21st. The stock was purchased at an average price of $186.19 per share, for a total transaction of $37,238.00. Following the purchase, the insider directly owned 9,371 shares in the company, valued at $1,744,786.49. The trade was a 2.18% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Steven E. Voskuil sold 1,500 shares of the stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $188.51, for a total transaction of $282,765.00. Following the sale, the chief financial officer directly owned 53,819 shares of the company’s stock, valued at $10,145,419.69. The trade was a 2.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 4,500 shares of company stock worth $821,445. 0.34% of the stock is owned by corporate insiders.

Hershey 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.