one8zero8 LLC Buys Shares of 2,950 Hershey Company (The) $HSY

one8zero8 LLC bought a new position in shares of Hershey Company (The) (NYSE:HSY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,950 shares of the company’s stock, valued at approximately $518,000.

Other large investors also recently modified their holdings of the company. Kentucky Farm Bureau Mutual Insurance Co acquired a new position in shares of Hershey in the 2nd quarter valued at about $2,193,000. West Family Investments Inc. acquired a new stake in Hershey during the second quarter worth about $320,000. NewEdge Wealth LLC acquired a new stake in Hershey during the second quarter worth about $1,495,000. BOK Financial Private Wealth Inc. bought a new position in Hershey in the second quarter worth about $64,000. Finally, Oxbow Advisors LLC bought a new position in Hershey in the second quarter worth about $2,887,000. 57.96% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Hershey news, CFO Steven E. Voskuil sold 1,500 shares of the business’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $170.00, for a total transaction of $255,000.00. Following the completion of the transaction, the chief financial officer owned 53,195 shares in the company, valued at approximately $9,043,150. The trade was a 2.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is owned by insiders.

Hershey Price Performance

NYSE HSY opened at $189.04 on Thursday. The company has a 50-day moving average price of $178.15 and a two-hundred day moving average price of $195.61. Hershey Company has a 52 week low of $161.43 and a 52 week high of $239.48. The stock has a market cap of $37.98 billion, a price-to-earnings ratio of 25.83, a price-to-earnings-growth ratio of 1.12 and a beta of 0.11. The company has a current ratio of 1.18, a quick ratio of 0.66 and a debt-to-equity ratio of 1.03.

Hershey (NYSE:HSY) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.47. The company had revenue of $2.79 billion for 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 business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.21 earnings per share. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. Analysts forecast that Hershey Company will post 8.49 EPS for the current year.

Hershey Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be paid 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 yield of 3.1%. Hershey’s payout ratio is presently 79.37%.

Analysts Set New Price Targets

HSY has been the subject of a number of research reports. Sanford C. Bernstein restated a “market perform” rating and issued a $201.00 target price on shares of Hershey in a research note on Friday, July 31st. Bank of America dropped their price target on Hershey from $220.00 to $200.00 and set a “neutral” rating on the stock in a research report on Thursday, June 25th. Jefferies Financial Group set a $190.00 price target on Hershey in a report on Thursday, July 16th. Morgan Stanley reduced their price objective on Hershey from $247.00 to $227.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. Finally, Mizuho lowered their price objective on Hershey from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, May 20th. Seven analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the stock. According to MarketBeat, Hershey has an average rating of “Hold” and a consensus price target of $203.61.

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.