75,206 Shares in Hershey Company (The) $HSY Purchased by Nykredit A S

Nykredit A S bought a new stake in Hershey Company (The) (NYSE:HSY) during the second quarter, HoldingsChannel reports. The fund bought 75,206 shares of the company’s stock, valued at approximately $13,195,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of HSY. BlackRock Inc. acquired a new stake in Hershey during the 2nd quarter valued at approximately $2,303,889,000. GQG Partners LLC acquired a new stake in shares of Hershey in the second quarter worth $485,436,000. Bank of America Corp DE purchased a new position in shares of Hershey during the second quarter worth $274,871,000. Norges Bank acquired a new position in Hershey during the fourth quarter valued at $272,506,000. Finally, Legal & General Group Plc acquired a new position in Hershey during the second quarter valued at $183,623,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on HSY. DA Davidson set a $190.00 price objective on Hershey in a research note on Friday, July 31st. Sanford C. Bernstein reiterated a “market perform” rating and set a $201.00 price target on shares of Hershey in a research report on Friday, July 31st. Mizuho decreased their price target on Hershey from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, May 20th. Bank of America dropped their price objective on shares of Hershey from $220.00 to $200.00 and set a “neutral” rating on the stock in a research note on Thursday, June 25th. Finally, Royal Bank Of Canada cut their target price on shares of Hershey from $212.00 to $206.00 and set a “sector perform” rating for the company in a report on Friday, August 21st. Seven analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $204.78.

Insider Buying and Selling

In other news, CFO Steven Voskuil sold 1,500 shares of the 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 transaction, the chief financial officer directly owned 53,195 shares in the company, valued at approximately $9,043,150. This represents a 2.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.08% of the company’s stock.

Hershey Price Performance

Hershey stock opened at $173.26 on Friday. The company’s fifty day moving average price is $178.96 and its 200 day moving average price is $192.73. Hershey Company has a 1 year low of $161.43 and a 1 year high of $239.48. The stock has a market capitalization of $34.81 billion, a P/E ratio of 23.67, a P/E/G ratio of 1.38 and a beta of 0.11. 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 announced its earnings results on Thursday, July 30th. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.47. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Hershey had a return on equity of 31.92% and a net margin of 12.24%.The business’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.21 earnings per share. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. As a group, equities research analysts anticipate that Hershey Company will post 8.49 earnings per share for the current fiscal year.

Hershey Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be paid a $1.452 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $5.81 annualized dividend and a dividend yield of 3.4%. Hershey’s dividend payout ratio is 79.37%.

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.