Glenview Trust Co Makes New $974,000 Investment in Hershey Company (The) $HSY

Glenview Trust Co acquired a new stake in Hershey Company (The) (NYSE:HSY) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,554 shares of the company’s stock, valued at approximately $974,000.

A number of other hedge funds have also modified their holdings of the business. JPL Wealth Management LLC acquired a new position in Hershey in the third quarter valued at $26,000. Bard Associates Inc. acquired a new stake in shares of Hershey during the fourth quarter worth about $26,000. Reflection Asset Management purchased a new position in shares of Hershey during the fourth quarter worth about $26,000. Bell Investment Advisors Inc acquired a new position in Hershey in the 2nd quarter valued at about $26,000. Finally, Laurel Wealth Advisors LLC acquired a new position in Hershey in the 4th quarter valued at about $27,000. 57.96% of the stock is currently owned by hedge funds and other institutional investors.

Hershey Stock Down 1.1%

Hershey stock opened at $179.34 on Friday. Hershey Company has a fifty-two week low of $161.43 and a fifty-two week high of $239.48. The firm has a market capitalization of $36.03 billion, a price-to-earnings ratio of 24.50, a price-to-earnings-growth ratio of 1.10 and a beta of 0.11. The stock’s fifty day moving average is $179.18 and its two-hundred day moving average is $194.54. 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 released 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 during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.21 EPS. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. Analysts predict that Hershey Company will post 8.49 EPS for the current fiscal year.

Hershey Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be given a $1.452 dividend. The ex-dividend date is Friday, August 14th. This represents a $5.81 annualized dividend and a dividend yield of 3.2%. Hershey’s dividend payout ratio is currently 79.37%.

Insider Buying and Selling at Hershey

In other news, CFO Steven E. Voskuil sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The shares were 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 of the company’s stock, valued at $9,043,150. This trade represents a 2.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on HSY. Jefferies Financial Group set a $190.00 price objective on Hershey in a research report on Thursday, July 16th. UBS Group upped their price target on Hershey from $190.00 to $198.00 and gave the stock a “neutral” rating in a research note 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. Barclays dropped their price objective on shares of Hershey from $208.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Monday, August 3rd. Finally, Stifel Nicolaus cut their price objective on shares of Hershey from $215.00 to $180.00 and set a “hold” rating for the company in a research report on Wednesday, July 22nd. Seven investment analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat, Hershey has an average rating of “Hold” and an average target price of $204.78.

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.