Hershey Company (The) $HSY Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its stake in shares of Hershey Company (The) (NYSE:HSY) by 5.9% during the third quarter, HoldingsChannel reports. The firm owned 59,244 shares of the company’s stock after purchasing an additional 3,318 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Hershey were worth $9,337,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Verdence Capital Advisors LLC boosted its position in Hershey by 21.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 8,948 shares of the company’s stock valued at $1,410,000 after acquiring an additional 1,596 shares in the last quarter. Flagship Harbor Advisors LLC raised its position in shares of Hershey by 33.2% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 4,112 shares of the company’s stock worth $648,000 after acquiring an additional 1,024 shares in the last quarter. Sigma Planning Corp raised its position in shares of Hershey by 18.0% in the 3rd quarter. Sigma Planning Corp now owns 1,697 shares of the company’s stock worth $267,000 after acquiring an additional 259 shares in the last quarter. Probity Advisors Inc. lifted its stake in shares of Hershey by 12.1% in the 3rd quarter. Probity Advisors Inc. now owns 2,658 shares of the company’s stock valued at $419,000 after purchasing an additional 287 shares during the period. Finally, Sowell Financial Services LLC lifted its stake in shares of Hershey by 12.2% in the 3rd quarter. Sowell Financial Services LLC now owns 18,725 shares of the company’s stock valued at $2,951,000 after purchasing an additional 2,041 shares during the period. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Hershey Stock Performance

Shares of HSY opened at $164.24 on Wednesday. Hershey Company has a fifty-two week low of $156.16 and a fifty-two week high of $239.48. The firm’s 50-day simple moving average is $171.11 and its two-hundred day simple moving average is $189.41.

Hershey (NYSE:HSY) last released its earnings results on Thursday, July 30th. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.47. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.63 billion. During the same quarter in the previous year, the business posted $1.21 earnings per share. Hershey’s revenue for the quarter was up 6.6% on a year-over-year basis. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. As a group, equities analysts expect that Hershey Company will post 8.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HSY has been the topic of several research reports. Evercore set a $225.00 price target on Hershey in a research report on Thursday, July 23rd. Sanford C. Bernstein reiterated a “market perform” rating and issued a $201.00 price objective on shares of Hershey in a report on Friday, July 31st. Wells Fargo & Company decreased their price objective on Hershey from $190.00 to $170.00 and set an “equal weight” rating for the company in a report on Monday, October 5th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Hershey in a research report on Tuesday. Finally, Piper Sandler dropped their target price on shares of Hershey from $249.00 to $200.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Six analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.