Qsemble Capital Management LP Has $7.35 Million Holdings in Hershey Company (The) $HSY

Qsemble Capital Management LP lessened its holdings in shares of Hershey Company (The) (NYSE:HSY) by 8.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,394 shares of the company’s stock after selling 3,630 shares during the quarter. Qsemble Capital Management LP’s holdings in Hershey were worth $7,351,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Hershey by 6.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,310 shares of the company’s stock worth $2,618,000 after purchasing an additional 937 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Hershey by 20.2% in the second quarter. EverSource Wealth Advisors LLC now owns 697 shares of the company’s stock valued at $116,000 after purchasing an additional 117 shares during the last quarter. Gamco Investors INC. ET AL acquired a new stake in shares of Hershey in the second quarter valued at approximately $267,000. Bank of Nova Scotia raised its holdings in shares of Hershey by 4.5% in the second quarter. Bank of Nova Scotia now owns 17,927 shares of the company’s stock valued at $2,975,000 after purchasing an additional 769 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Hershey by 5.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 22,247 shares of the company’s stock valued at $3,692,000 after acquiring an additional 1,149 shares in the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Piper Sandler restated an “overweight” rating and issued a $249.00 price objective on shares of Hershey in a report on Wednesday, February 25th. Jefferies Financial Group raised their price objective on Hershey from $185.00 to $207.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Stephens raised their price objective on Hershey from $200.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. JPMorgan Chase & Co. decreased their price objective on Hershey from $211.00 to $204.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Hershey from $212.00 to $200.00 and set a “hold” rating for the company in a report on Monday, March 30th. Seven equities research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $218.33.

Hershey Trading Down 1.8%

Shares of NYSE:HSY opened at $186.84 on Friday. Hershey Company has a 12-month low of $150.04 and a 12-month high of $239.48. The stock has a market cap of $37.90 billion, a PE ratio of 34.79, a P/E/G ratio of 1.14 and a beta of 0.07. The business has a 50 day moving average of $202.63 and a 200-day moving average of $196.91. The company has a quick ratio of 0.77, a current ratio of 1.24 and a debt-to-equity ratio of 0.99.

Hershey (NYSE:HSY) last issued its quarterly earnings data on Thursday, April 30th. The company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.31. Hershey had a return on equity of 28.98% and a net margin of 9.12%.The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the previous year, the company posted $2.09 earnings per share. The business’s revenue was up 10.7% on a year-over-year basis. As a group, equities research analysts forecast that Hershey Company will post 8.45 earnings per share for the current year.

Hershey Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 15th will be given a $1.452 dividend. This represents a $5.81 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, May 15th. Hershey’s payout ratio is presently 108.01%.

Insider Buying and Selling

In other Hershey news, CFO Steven E. Voskuil sold 1,500 shares of the firm’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $194.10, for a total transaction of $291,150.00. Following the transaction, the chief financial officer owned 57,695 shares in the company, valued at $11,198,599.50. This trade represents a 2.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jason Reiman sold 2,000 shares of Hershey stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $226.07, for a total value of $452,140.00. Following the completion of the transaction, the senior vice president directly owned 41,036 shares of the company’s stock, valued at $9,277,008.52. This represents a 4.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 10,000 shares of company stock valued at $2,189,090 over the last 90 days. 0.08% of the stock is owned by corporate insiders.

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.