Tevis Investment Management Increases Position in Hershey Company (The) $HSY

Tevis Investment Management increased its stake in Hershey Company (The) (NYSE:HSY) by 114.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,277 shares of the company’s stock after acquiring an additional 4,422 shares during the period. Tevis Investment Management’s holdings in Hershey were worth $1,374,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Fulton Bank N.A. grew its position in Hershey by 4.9% in the second quarter. Fulton Bank N.A. now owns 1,312 shares of the company’s stock worth $218,000 after acquiring an additional 61 shares in the last quarter. Ignite Planners LLC boosted its position in Hershey by 5.2% during the first quarter. Ignite Planners LLC now owns 1,278 shares of the company’s stock valued at $214,000 after buying an additional 63 shares during the period. Klein Pavlis & Peasley Financial Inc. boosted its position in Hershey by 0.9% during the first quarter. Klein Pavlis & Peasley Financial Inc. now owns 7,248 shares of the company’s stock valued at $1,229,000 after buying an additional 66 shares during the period. Allworth Financial LP boosted its position in Hershey by 0.9% during the first quarter. Allworth Financial LP now owns 7,189 shares of the company’s stock valued at $1,179,000 after buying an additional 67 shares during the period. Finally, RKL Wealth Management LLC boosted its position in Hershey by 1.0% during the second quarter. RKL Wealth Management LLC now owns 6,958 shares of the company’s stock valued at $1,155,000 after buying an additional 67 shares during the period. 57.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Hershey

In other news, CEO Michele Buck sold 19,290 shares of the stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $194.00, for a total transaction of $3,742,260.00. Following the completion of the sale, the chief executive officer directly owned 193,624 shares in the company, valued at approximately $37,563,056. This represents a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Steven E. Voskuil sold 1,500 shares of the stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $187.52, for a total transaction of $281,280.00. Following the sale, 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,290 shares of company stock valued at $4,307,220. 0.28% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on HSY. BNP Paribas Exane upgraded shares of Hershey from a “neutral” rating to an “outperform” rating in a research report on Monday, September 15th. The Goldman Sachs Group upgraded shares of Hershey from a “sell” rating to a “buy” rating and upped their price target for the company from $170.00 to $222.00 in a research report on Tuesday, September 16th. UBS Group upped their price target on shares of Hershey from $192.00 to $205.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on shares of Hershey from $187.00 to $189.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. Finally, DA Davidson upped their price target on shares of Hershey from $171.00 to $188.00 and gave the company a “neutral” rating in a research report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $177.67.

Hershey Stock Performance

Hershey stock opened at $181.24 on Tuesday. 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 firm has a 50-day moving average of $186.89 and a 200-day moving average of $175.77. The firm has a market cap of $36.74 billion, a P/E ratio of 24.07, a P/E/G ratio of 4.31 and a beta of 0.26. Hershey Company has a 1-year low of $140.13 and a 1-year high of $208.03.

Hershey (NYSE:HSY) last posted its earnings results on Wednesday, July 30th. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.23. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.50 billion. Hershey had a net margin of 13.54% and a return on equity of 37.36%. Hershey’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.27 earnings per share. Hershey has set its FY 2025 guidance at 5.809-5.997 EPS. Sell-side analysts expect that Hershey Company will post 6.12 EPS for the current year.

About Hershey

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.