Key Points
- Insider Stacy Taffet bought 200 shares of Hershey at an average price of $186.19 on Nov. 21, raising her stake to 9,371 shares (about $1.745M), a 2.18% increase.
- Hershey reported quarterly EPS of $1.30 (beating estimates) on $3.18B revenue, up 6.5% year-over-year, and set FY2025 guidance of 5.900–6.000 EPS (sell-side consensus ~6.12).
- The company announced a quarterly dividend of $1.37 (annualized $5.48) with an ex-dividend/record date of Nov. 17, implying a 2.9% yield.
Hershey Company (The) (NYSE:HSY - Get Free Report) insider Stacy Taffet bought 200 shares of Hershey stock in a transaction on Friday, November 21st. The stock was acquired at an average cost of $186.19 per share, with a total value of $37,238.00. Following the acquisition, the insider owned 9,371 shares in the company, valued at approximately $1,744,786.49. This represents a 2.18% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Hershey Trading Up 0.5%
Hershey stock opened at $186.65 on Wednesday. Hershey Company has a one year low of $140.13 and a one year high of $208.03. The business's fifty day moving average is $183.45 and its 200 day moving average is $177.24. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 0.89. The stock has a market capitalization of $37.85 billion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 4.21 and a beta of 0.24.
Hershey (NYSE:HSY - Get Free Report) last posted its earnings results on Thursday, October 30th. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.24. Hershey had a net margin of 13.54% and a return on equity of 37.36%. The business had revenue of $3.18 billion for the quarter, compared to analysts' expectations of $3.11 billion. During the same quarter in the prior year, the business earned $2.34 EPS. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. Hershey has set its FY 2025 guidance at 5.900-6.000 EPS. On average, sell-side analysts predict that Hershey Company will post 6.12 EPS for the current year.
Hershey Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 17th will be issued a $1.37 dividend. The ex-dividend date is Monday, November 17th. This represents a $5.48 annualized dividend and a yield of 2.9%. Hershey's dividend payout ratio (DPR) is currently 81.91%.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC bought a new stake in shares of Hershey during the second quarter valued at approximately $224,000. Nuveen LLC purchased a new stake in shares of Hershey in the first quarter worth about $55,269,000. Harvest Investment Advisors LLC lifted its position in shares of Hershey by 39.7% in the first quarter. Harvest Investment Advisors LLC now owns 10,859 shares of the company's stock worth $1,857,000 after buying an additional 3,087 shares in the last quarter. Berkshire Asset Management LLC PA boosted its stake in Hershey by 106.1% during the first quarter. Berkshire Asset Management LLC PA now owns 145,457 shares of the company's stock valued at $24,745,000 after buying an additional 74,894 shares during the last quarter. Finally, Jump Financial LLC grew its holdings in Hershey by 694.5% during the 1st quarter. Jump Financial LLC now owns 16,264 shares of the company's stock valued at $2,782,000 after buying an additional 14,217 shares in the last quarter. 57.96% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have weighed in on HSY shares. Wells Fargo & Company boosted their target price on shares of Hershey from $154.00 to $157.00 and gave the company an "underweight" rating in a research note on Thursday, September 25th. DA Davidson dropped their target price on Hershey from $188.00 to $185.00 and set a "neutral" rating on the stock in a research report on Monday, November 10th. Barclays set a $188.00 price target on Hershey in a research note on Monday, November 3rd. The Goldman Sachs Group upgraded shares of Hershey from a "sell" rating to a "buy" rating and increased their price objective for the stock from $170.00 to $222.00 in a research note on Tuesday, September 16th. Finally, Piper Sandler boosted their target price on shares of Hershey from $167.00 to $180.00 and gave the company a "neutral" rating in a research report on Friday. Three investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $179.74.
Get Our Latest Stock Report on HSY
About Hershey
(
Get Free Report)
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.
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