Hershey Company (The) $HSY Stock Purchased by Titan Investment Management LLC

Titan Investment Management LLC raised its holdings in Hershey Company (The) (NYSE:HSY) by 57.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 12,912 shares of the company’s stock after acquiring an additional 4,718 shares during the period. Hershey accounts for about 1.5% of Titan Investment Management LLC’s holdings, making the stock its 24th biggest position. Titan Investment Management LLC’s holdings in Hershey were worth $2,035,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Hershey during the second quarter worth about $2,303,889,000. GQG Partners LLC purchased a new stake in Hershey in the 2nd quarter valued at about $485,436,000. Bank of America Corp DE purchased a new stake in Hershey in the 2nd quarter valued at about $274,871,000. Legal & General Group Plc acquired a new position in shares of Hershey during the 2nd quarter valued at about $183,623,000. Finally, First Trust Advisors LP increased its stake in shares of Hershey by 315.4% during the 1st quarter. First Trust Advisors LP now owns 1,083,675 shares of the company’s stock valued at $225,285,000 after acquiring an additional 822,772 shares during the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Hershey Stock Up 4.6%

HSY opened at $175.55 on Friday. The firm has a 50 day moving average price of $171.84 and a 200 day moving average price of $179.96. The company has a market cap of $35.27 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 1.41 and a beta of 0.10. Hershey Company has a 1 year low of $156.16 and a 1 year high of $239.48. 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 quarterly earnings results on Thursday, July 30th. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.47. Hershey had a net margin of 12.24% and a return on equity of 31.92%. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.63 billion. During the same period in the previous year, the company posted $1.21 earnings per share. Hershey’s revenue was up 6.6% compared to the same quarter last year. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. Sell-side analysts expect that Hershey Company will post 8.47 earnings per share for the current year.

Hershey Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 14th were given a dividend of $1.4520 per share. This represents a $5.81 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, August 14th. Hershey’s dividend payout ratio is 79.37%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on HSY shares. Barclays dropped their price target on shares of Hershey from $200.00 to $178.00 and set an “equal weight” rating for the company in a research report on Friday, October 16th. Evercore set a $225.00 price objective on shares of Hershey in a research note on Thursday, July 23rd. UBS Group restated a “neutral” rating on shares of Hershey in a report on Tuesday. Royal Bank Of Canada cut their target price on Hershey from $212.00 to $206.00 and set a “sector perform” rating on the stock in a research report on Friday, August 21st. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $178.00 target price on shares of Hershey in a research report on Wednesday, October 14th. Six analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $199.44.

About Hershey

The Hershey Company (NYSE: HSY) is a global confectionery and snack food manufacturer headquartered in Hershey, Pennsylvania. Founded by Milton S. Hershey in 1894, the company began as a chocolate producer and has grown into one of the largest branded snack businesses in North America.

Hershey’s portfolio includes chocolate, non-chocolate confectionery, gum and mints, and salty snacks. Its brands include Hershey’s, Reese’s, Hershey’s Kisses, Kit Kat in the United States under license from Nestlé, Jolly Rancher, Twizzlers, Ice Breakers, SkinnyPop and Dot’s Pretzels.