Kingsview Wealth Management LLC Makes New Investment in Hershey Company (The) $HSY

Kingsview Wealth Management LLC purchased a new stake in Hershey Company (The) (NYSE:HSY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,466 shares of the company’s stock, valued at approximately $959,000.

A number of other institutional investors also recently modified their holdings of HSY. Syon Capital LLC grew its holdings in shares of Hershey by 1.5% during the fourth quarter. Syon Capital LLC now owns 3,020 shares of the company’s stock worth $550,000 after buying an additional 46 shares in the last quarter. Haverford Trust Co boosted its position in Hershey by 0.7% during the 4th quarter. Haverford Trust Co now owns 6,796 shares of the company’s stock worth $1,237,000 after acquiring an additional 46 shares during the last quarter. Larson Financial Group LLC boosted its position in Hershey by 2.0% during the 4th quarter. Larson Financial Group LLC now owns 2,561 shares of the company’s stock worth $466,000 after acquiring an additional 50 shares during the last quarter. Venture Visionary Partners LLC grew its stake in shares of Hershey by 0.7% during the 4th quarter. Venture Visionary Partners LLC now owns 8,034 shares of the company’s stock worth $1,462,000 after acquiring an additional 53 shares in the last quarter. Finally, Bruce G. Allen Investments LLC grew its stake in shares of Hershey by 4.3% during the 4th quarter. Bruce G. Allen Investments LLC now owns 1,325 shares of the company’s stock worth $241,000 after acquiring an additional 55 shares in the last quarter. 57.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on HSY shares. DA Davidson set a $190.00 price objective on shares of Hershey in a research report on Friday, July 31st. UBS Group lifted their price target on shares of Hershey from $190.00 to $198.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Bank of America cut their price target on shares of Hershey from $220.00 to $200.00 and set a “neutral” rating on the stock in a research report on Thursday, June 25th. Mizuho reduced their price objective on shares of Hershey from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, May 20th. Finally, Stifel Nicolaus decreased their price objective on Hershey from $215.00 to $180.00 and set a “hold” rating for the company in a report on Wednesday, July 22nd. Seven analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $204.78.

Hershey Stock Up 0.2%

Shares of HSY stock opened at $179.34 on Monday. Hershey Company has a 52-week low of $161.43 and a 52-week high of $239.48. The stock has a market cap of $36.03 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 1.09 and a beta of 0.11. The firm’s 50-day moving average is $179.18 and its 200-day moving average is $194.29. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.66 and a current ratio of 1.18.

Hershey (NYSE:HSY) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.47. Hershey had a return on equity of 31.92% and a net margin of 12.24%.The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.63 billion. During the same quarter last year, the company posted $1.21 earnings per share. Hershey’s quarterly revenue was up 6.6% on a year-over-year basis. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. Sell-side analysts predict that Hershey Company will post 8.49 EPS for the current year.

Hershey Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be paid a $1.452 dividend. This represents a $5.81 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Friday, August 14th. Hershey’s dividend payout ratio is 79.23%.

Insider Transactions at Hershey

In other Hershey news, CFO Steven E. Voskuil sold 1,500 shares of the firm’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $170.00, for a total transaction of $255,000.00. Following the completion of the sale, the chief financial officer owned 53,195 shares of the company’s stock, valued at $9,043,150. This trade represents a 2.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is owned by corporate insiders.

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.