OLD National Bancorp IN Buys 17,439 Shares of Hershey Company (The) $HSY

OLD National Bancorp IN raised its stake in shares of Hershey Company (The) (NYSE:HSY) by 68.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,812 shares of the company’s stock after buying an additional 17,439 shares during the quarter. OLD National Bancorp IN’s holdings in Hershey were worth $8,008,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HSY. Trust Co. of Toledo NA OH bought a new position in shares of Hershey during the second quarter valued at $28,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Hershey during the 2nd quarter valued at about $31,000. Vermillion & White Wealth Management Group LLC increased its stake in Hershey by 46.3% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 199 shares of the company’s stock valued at $33,000 after purchasing an additional 63 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Hershey during the 2nd quarter valued at about $36,000. Finally, Fourth Dimension Wealth LLC purchased a new position in Hershey in the second quarter worth about $39,000. 57.96% of the stock is owned by institutional investors.

Insider Buying and Selling at Hershey

In other Hershey news, insider Stacy Taffet acquired 200 shares of the stock in a transaction dated Friday, November 21st. The shares were purchased at an average price of $186.19 per share, for a total transaction of $37,238.00. Following the purchase, the insider directly owned 9,371 shares of the company’s stock, valued at approximately $1,744,786.49. This trade represents a 2.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Steven E. Voskuil sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $188.51, for a total transaction of $282,765.00. Following the completion of the transaction, the chief financial officer directly owned 53,819 shares in the company, valued at approximately $10,145,419.69. The trade was a 2.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 6,000 shares of company stock worth $1,102,725 in the last three months. 0.28% of the stock is currently owned by company insiders.

Hershey Price Performance

Shares of HSY opened at $182.36 on Wednesday. The firm has a fifty day simple moving average of $181.11 and a two-hundred day simple moving average of $180.77. The firm has a market cap of $36.98 billion, a PE ratio of 27.26 and a beta of 0.19. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 1.02. Hershey Company has a 1-year low of $140.13 and a 1-year high of $199.00.

Hershey (NYSE:HSY) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.24. Hershey had a return on equity of 32.08% and a net margin of 11.84%.The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same period last year, the business posted $2.34 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Hershey has set its FY 2025 guidance at 5.900-6.000 EPS. On average, equities analysts anticipate that Hershey Company will post 6.12 EPS for the current year.

Hershey Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, November 17th were paid a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Monday, November 17th. Hershey’s payout ratio is currently 81.91%.

Analyst Ratings Changes

Several brokerages have recently issued reports on HSY. JPMorgan Chase & Co. upped their target price on shares of Hershey from $187.00 to $189.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. The Goldman Sachs Group upgraded shares of Hershey from a “sell” rating to a “buy” rating and boosted their price objective for the stock from $170.00 to $222.00 in a report on Tuesday, September 16th. BNP Paribas Exane raised Hershey from a “neutral” rating to an “outperform” rating in a research report on Monday, September 15th. TD Cowen reduced their target price on Hershey from $204.00 to $200.00 and set a “hold” rating for the company in a report on Friday, October 31st. Finally, Evercore ISI reaffirmed a “positive” rating on shares of Hershey in a report on Friday, October 31st. Four equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $184.95.

Hershey 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.