Elevation Point Wealth Partners LLC Invests $552,000 in Hershey Company (The) $HSY

Elevation Point Wealth Partners LLC acquired a new position in Hershey Company (The) (NYSE:HSY) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,146 shares of the company’s stock, valued at approximately $552,000.

Several other hedge funds have also bought and sold shares of the stock. Daiichi Life Insurance Co. Ltd. purchased a new position in Hershey in the 2nd quarter worth approximately $4,033,000. Commerce Bank purchased a new stake in shares of Hershey during the 2nd quarter valued at $1,781,000. GQG Partners LLC purchased a new stake in shares of Hershey during the 2nd quarter valued at $485,436,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Hershey during the 2nd quarter worth $3,249,000. Finally, Quantbot Technologies LP bought a new stake in shares of Hershey during the 2nd quarter worth $1,077,000. 57.96% of the stock is currently owned by institutional investors.

Insider Activity at Hershey

In related news, CFO Steven E. Voskuil sold 1,500 shares of Hershey stock in a transaction on Monday, July 20th. The shares were sold at an average price of $170.00, for a total value of $255,000.00. Following the transaction, the chief financial officer directly owned 53,195 shares of the company’s stock, valued at $9,043,150. The trade was a 2.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on HSY. Jefferies Financial Group set a $190.00 target price on Hershey in a research note on Thursday, July 16th. JPMorgan Chase & Co. upped their price objective on Hershey from $191.00 to $193.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $191.00 price objective on shares of Hershey in a research report on Friday, July 31st. The Goldman Sachs Group set a $240.00 price objective on Hershey in a report on Friday, May 1st. Finally, Piper Sandler dropped their target price on Hershey from $249.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Seven analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, Hershey presently has a consensus rating of “Hold” and a consensus price target of $204.78.

Hershey Stock Down 1.5%

HSY opened at $187.18 on Wednesday. Hershey Company has a 12 month low of $161.43 and a 12 month high of $239.48. The company has a current ratio of 1.18, a quick ratio of 0.66 and a debt-to-equity ratio of 1.03. The business’s 50-day moving average price is $178.67 and its 200-day moving average price is $195.27. The company has a market cap of $37.61 billion, a P/E ratio of 25.57, a P/E/G ratio of 1.16 and a beta of 0.11.

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

Hershey Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be issued a $1.452 dividend. The ex-dividend date is Friday, August 14th. This represents a $5.81 annualized dividend and a dividend yield of 3.1%. Hershey’s dividend payout ratio (DPR) is currently 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.