Concurrent Investment Advisors LLC Buys 4,516 Shares of Hershey Company (The) $HSY

Concurrent Investment Advisors LLC boosted its holdings in shares of Hershey Company (The) (NYSE:HSYFree Report) by 92.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 9,424 shares of the company’s stock after acquiring an additional 4,516 shares during the period. Concurrent Investment Advisors LLC’s holdings in Hershey were worth $1,715,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Liberty One Investment Management LLC raised its stake in Hershey by 32.4% during the third quarter. Liberty One Investment Management LLC now owns 38,076 shares of the company’s stock valued at $7,122,000 after purchasing an additional 9,309 shares in the last quarter. Friedenthal Financial raised its stake in Hershey by 38,266.7% during the fourth quarter. Friedenthal Financial now owns 5,755 shares of the company’s stock valued at $1,047,000 after purchasing an additional 5,740 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its stake in Hershey by 166.8% during the third quarter. Ashton Thomas Private Wealth LLC now owns 39,200 shares of the company’s stock valued at $7,332,000 after purchasing an additional 24,509 shares in the last quarter. CORDA Investment Management LLC. raised its stake in Hershey by 6.6% during the third quarter. CORDA Investment Management LLC. now owns 113,746 shares of the company’s stock valued at $21,276,000 after purchasing an additional 7,064 shares in the last quarter. Finally, Independent Advisor Alliance raised its stake in Hershey by 6.4% during the third quarter. Independent Advisor Alliance now owns 42,538 shares of the company’s stock valued at $7,957,000 after purchasing an additional 2,573 shares in the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $267.00 price target on shares of Hershey in a research note on Friday, February 6th. Piper Sandler reaffirmed an “overweight” rating and set a $249.00 price target on shares of Hershey in a research note on Wednesday, February 25th. DA Davidson set a $243.00 target price on shares of Hershey in a research note on Friday, February 6th. JPMorgan Chase & Co. reduced their target price on shares of Hershey from $230.00 to $211.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Finally, Barclays reduced their target price on shares of Hershey from $240.00 to $225.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 14th. Six equities research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $223.83.

View Our Latest Research Report on HSY

Insider Buying and Selling

In related news, CFO Steven E. Voskuil sold 1,500 shares of the firm’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $194.10, for a total value of $291,150.00. Following the transaction, the chief financial officer owned 57,695 shares of the company’s stock, valued at $11,198,599.50. This trade represents a 2.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Rohit Grover sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $226.07, for a total transaction of $791,245.00. Following the completion of the transaction, the insider directly owned 34,568 shares in the company, valued at $7,814,787.76. This represents a 9.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 10,000 shares of company stock valued at $2,189,090 in the last 90 days. Company insiders own 0.08% of the company’s stock.

Trending Headlines about Hershey

Here are the key news stories impacting Hershey this week:

Hershey Trading Up 0.6%

Shares of HSY opened at $188.96 on Thursday. Hershey Company has a twelve month low of $150.04 and a twelve month high of $239.48. The company has a market cap of $38.30 billion, a P/E ratio of 43.54, a P/E/G ratio of 1.12 and a beta of 0.18. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01. The company’s fifty day simple moving average is $210.90 and its 200-day simple moving average is $196.76.

Hershey (NYSE:HSYGet Free Report) last announced its earnings results on Thursday, February 5th. The company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.31. Hershey had a net margin of 7.55% and a return on equity of 27.90%. The business 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 posted $2.69 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Hershey has set its FY 2026 guidance at 8.200-8.520 EPS. As a group, analysts expect that Hershey Company will post 8.4 EPS for the current year.

Hershey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Tuesday, February 17th were paid a $1.452 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $5.81 annualized dividend and a yield of 3.1%. This is a boost from Hershey’s previous quarterly dividend of $1.37. Hershey’s payout ratio is 133.87%.

About Hershey

(Free Report)

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.

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Institutional Ownership by Quarter for Hershey (NYSE:HSY)

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