Northern Trust Corp raised its position in shares of Hershey Company (The) (NYSE:HSY – Free Report) by 0.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,590,903 shares of the company’s stock after purchasing an additional 11,946 shares during the quarter. Northern Trust Corp owned 0.79% of Hershey worth $272,092,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Kennon Green & Company LLC lifted its holdings in shares of Hershey by 33.3% during the first quarter. Kennon Green & Company LLC now owns 43,146 shares of the company’s stock worth $7,379,000 after purchasing an additional 10,784 shares during the period. William Allan Corp lifted its stake in Hershey by 173.1% during the 1st quarter. William Allan Corp now owns 18,593 shares of the company’s stock valued at $3,180,000 after acquiring an additional 11,785 shares during the period. IFM Investors Pty Ltd lifted its stake in Hershey by 9.5% during the 1st quarter. IFM Investors Pty Ltd now owns 31,925 shares of the company’s stock valued at $5,460,000 after acquiring an additional 2,757 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Hershey by 8.1% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 18,625 shares of the company’s stock valued at $3,186,000 after acquiring an additional 1,390 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Hershey in the first quarter worth $55,269,000. 57.96% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Hershey
In other news, CFO Steven E. Voskuil sold 5,000 shares of the business’s stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $180.00, for a total transaction of $900,000.00. Following the completion of the sale, the chief financial officer owned 61,319 shares of the company’s stock, valued at $11,037,420. The trade was a 7.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP James Turoff sold 1,300 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $175.00, for a total transaction of $227,500.00. Following the completion of the transaction, the senior vice president directly owned 25,321 shares in the company, valued at $4,431,175. This represents a 4.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 118,311 shares of company stock valued at $20,931,348 in the last three months. Company insiders own 0.34% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Report on HSY
Hershey Price Performance
Shares of Hershey stock opened at $181.6040 on Thursday. The firm has a market cap of $36.82 billion, a PE ratio of 24.12, a P/E/G ratio of 4.36 and a beta of 0.27. Hershey Company has a twelve month low of $140.13 and a twelve month high of $208.03. The company has a quick ratio of 0.89, a current ratio of 1.53 and a debt-to-equity ratio of 1.15. The business has a 50-day moving average price of $175.87 and a 200 day moving average price of $168.87.
Hershey (NYSE:HSY – Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $0.98 by $0.23. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.50 billion. Hershey had a return on equity of 37.36% and a net margin of 13.54%.Hershey’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same period last year, the company earned $1.27 earnings per share. Hershey has set its FY 2025 guidance at 5.809-5.997 EPS. Sell-side analysts predict that Hershey Company will post 6.12 earnings per share for the current fiscal year.
Hershey Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be issued a $1.37 dividend. This represents a $5.48 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, August 15th. Hershey’s payout ratio is presently 72.78%.
About Hershey
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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