E. Ohman J or Asset Management AB Takes Position in Hershey Company (The) $HSY

E. Ohman J or Asset Management AB acquired a new position in Hershey Company (The) (NYSE:HSY) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,690 shares of the company’s stock, valued at approximately $1,035,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. SJS Investment Consulting Inc. lifted its position in shares of Hershey by 1,537.5% during the 3rd quarter. SJS Investment Consulting Inc. now owns 131 shares of the company’s stock valued at $25,000 after buying an additional 123 shares in the last quarter. JPL Wealth Management LLC bought a new stake in Hershey during the 3rd quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in Hershey during the 2nd quarter worth approximately $31,000. Vermillion & White Wealth Management Group LLC lifted its holdings in Hershey by 46.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 199 shares of the company’s stock valued at $33,000 after purchasing an additional 63 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in Hershey during the third quarter valued at approximately $35,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Insider Activity at Hershey

In related news, SVP Jason Reiman sold 2,000 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $226.07, for a total value of $452,140.00. Following the completion of the transaction, the senior vice president owned 41,036 shares of the company’s stock, valued at approximately $9,277,008.52. This trade represents a 4.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Rohit Grover sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $226.07, for a total value of $791,245.00. Following the sale, the insider directly owned 34,568 shares in the company, valued at $7,814,787.76. The trade was a 9.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 10,000 shares of company stock valued at $2,195,945. Insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HSY. Jefferies Financial Group increased their price objective on shares of Hershey from $185.00 to $207.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. DA Davidson set a $243.00 price target on Hershey in a report on Friday, February 6th. Morgan Stanley boosted their price objective on Hershey from $238.00 to $247.00 and gave the company an “overweight” rating in a research report on Monday, March 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $188.00 price objective on shares of Hershey in a research note on Thursday, January 29th. Finally, Evercore reiterated an “outperform” rating on shares of Hershey in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $222.68.

Hershey Trading Up 0.7%

HSY stock opened at $216.79 on Thursday. The firm has a fifty day moving average price of $215.04 and a 200 day moving average price of $195.06. Hershey Company has a fifty-two week low of $150.04 and a fifty-two week high of $239.48. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.72 and a current ratio of 1.19. The firm has a market cap of $43.94 billion, a PE ratio of 49.95, a price-to-earnings-growth ratio of 1.35 and a beta of 0.14.

Hershey (NYSE:HSY) last released its quarterly earnings results on Thursday, February 5th. The company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.31. Hershey had a net margin of 7.55% and a return on equity of 27.90%. The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter in the prior year, the firm earned $2.69 earnings per share. Hershey’s revenue was up 7.0% on a year-over-year basis. Hershey has set its FY 2026 guidance at 8.200-8.520 EPS. Sell-side analysts anticipate that Hershey Company will post 6.12 earnings per share for the current fiscal year.

Hershey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Tuesday, February 17th were given a dividend of $1.452 per share. The ex-dividend date was Tuesday, February 17th. This represents a $5.81 annualized dividend and a dividend yield of 2.7%. This is a positive change from Hershey’s previous quarterly dividend of $1.37. Hershey’s dividend payout ratio is currently 133.64%.

Hershey Company 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.