Hershey Company (The) $HSY Shares Bought by Cim LLC

Cim LLC boosted its stake in shares of Hershey Company (The) (NYSE:HSY) by 11.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,500 shares of the company’s stock after buying an additional 1,161 shares during the period. Cim LLC’s holdings in Hershey were worth $1,967,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Putney Financial Group LLC acquired a new position in shares of Hershey in the 4th quarter valued at $25,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Hershey in the 4th quarter valued at $28,000. Proffitt & Goodson Inc. acquired a new position in shares of Hershey in the 1st quarter valued at $28,000. Tradewinds Capital Management LLC lifted its stake in shares of Hershey by 129.5% in the 1st quarter. Tradewinds Capital Management LLC now owns 179 shares of the company’s stock valued at $31,000 after purchasing an additional 101 shares during the last quarter. Finally, Fort Vancouver Investment Management LLC acquired a new position in shares of Hershey in the 1st quarter valued at $34,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

Hershey Price Performance

HSY stock opened at $185.64 on Friday. 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 company has a market capitalization of $37.63 billion, a PE ratio of 24.65, a P/E/G ratio of 4.48 and a beta of 0.27. Hershey Company has a 12-month low of $140.13 and a 12-month high of $208.03. The business’s fifty day moving average price is $180.11 and its 200 day moving average price is $171.66.

Hershey (NYSE:HSY) last posted its quarterly earnings data 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. Hershey had a return on equity of 37.36% and a net margin of 13.54%.The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the business earned $1.27 EPS. The company’s quarterly revenue was up 26.0% compared to the same quarter last year. Hershey has set its FY 2025 guidance at 5.809-5.997 EPS. On average, sell-side analysts anticipate that Hershey Company will post 6.12 EPS for the current year.

Hershey Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 15th will be issued a dividend of $1.37 per share. The ex-dividend date is Friday, August 15th. This represents a $5.48 annualized dividend and a yield of 3.0%. Hershey’s dividend payout ratio is 72.78%.

Insider Buying and Selling

In other Hershey news, insider Rohit Grover sold 1,334 shares of the company’s stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $180.00, for a total transaction of $240,120.00. Following the sale, the insider owned 38,068 shares in the company, valued at $6,852,240. This represents a 3.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP James Turoff sold 1,300 shares of the company’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $175.00, for a total value of $227,500.00. Following the sale, the senior vice president owned 25,321 shares in the company, valued at approximately $4,431,175. This trade represents a 4.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,127 shares of company stock worth $15,759,755 in the last quarter. Company insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

HSY has been the topic of several recent analyst reports. Stifel Nicolaus upped their price target on Hershey from $160.00 to $180.00 and gave the company a “hold” rating in a research note on Tuesday, July 29th. Morgan Stanley upped their price target on Hershey from $173.00 to $189.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Barclays upped their price target on Hershey from $165.00 to $190.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. Mizuho upped their price target on Hershey from $155.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Finally, Sanford C. Bernstein upped their price target on Hershey from $155.00 to $179.00 and gave the company a “market perform” rating in a research note on Thursday, July 31st. Fourteen analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $171.22.

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.