OVERSEA CHINESE BANKING Corp Ltd Makes New Investment in Hershey Company (The) $HSY

OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Hershey Company (The) (NYSE:HSY) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,179 shares of the company’s stock, valued at approximately $733,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Somerville Kurt F acquired a new position in Hershey in the 2nd quarter worth about $421,000. Frazier Financial Advisors LLC acquired a new stake in shares of Hershey during the second quarter valued at about $33,000. Northcape Wealth Management LLC bought a new stake in shares of Hershey during the second quarter worth about $235,000. Csenge Advisory Group bought a new stake in shares of Hershey during the second quarter worth about $421,000. Finally, Johnson Financial Group Inc. acquired a new position in shares of Hershey in the second quarter valued at approximately $528,000. Institutional investors own 57.96% of the company’s stock.

Hershey Stock Down 1.1%

Shares of NYSE:HSY opened at $186.27 on Friday. The company has a market capitalization of $37.43 billion, a price-to-earnings ratio of 25.45, a P/E/G ratio of 1.15 and a beta of 0.11. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.18 and a quick ratio of 0.66. The business’s 50-day moving average is $178.40 and its 200-day moving average is $195.50. Hershey Company has a 1 year low of $161.43 and a 1 year high of $239.48.

Hershey (NYSE:HSY) last released its earnings results on Thursday, July 30th. The company reported $1.90 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 analysts’ expectations of $2.63 billion. Hershey had a return on equity of 31.92% and a net margin of 12.24%.The firm’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 earnings per share. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. Equities research analysts predict that Hershey Company will post 8.49 earnings per share for the current year.

Hershey Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be given a dividend of $1.452 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $5.81 annualized dividend and a dividend yield of 3.1%. Hershey’s dividend payout ratio (DPR) is 79.23%.

Insider Activity at Hershey

In other news, CFO Steven E. Voskuil sold 1,500 shares of Hershey stock in a transaction on Monday, July 20th. The shares were sold at an average price of $170.00, for a total value of $255,000.00. Following the completion of the sale, the chief financial officer owned 53,195 shares in the company, valued at $9,043,150. The trade was a 2.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 Upgrades and Downgrades

Several equities research analysts recently commented on HSY shares. Jefferies Financial Group set a $190.00 target price on shares of Hershey in a research report on Thursday, July 16th. The Goldman Sachs Group set a $240.00 price target on shares of Hershey in a research note on Friday, May 1st. Piper Sandler cut their price target 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. Mizuho reduced their price objective on shares of Hershey from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 20th. Finally, Royal Bank Of Canada decreased their price objective on Hershey from $212.00 to $206.00 and set a “sector perform” rating for the company in a report on Friday. Seven analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $204.78.

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.