OMERS ADMINISTRATION Corp Makes New $2.10 Million Investment in Hershey Company (The) $HSY

OMERS ADMINISTRATION Corp acquired a new position 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 acquired 11,975 shares of the company’s stock, valued at approximately $2,101,000.

Several other institutional investors have also recently modified their holdings of HSY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Hershey by 6.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,310 shares of the company’s stock worth $2,618,000 after buying an additional 937 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Hershey by 20.2% during the second quarter. EverSource Wealth Advisors LLC now owns 697 shares of the company’s stock worth $116,000 after acquiring an additional 117 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of Hershey in the 2nd quarter worth approximately $267,000. Bank of Nova Scotia lifted its holdings in shares of Hershey by 4.5% in the 2nd quarter. Bank of Nova Scotia now owns 17,927 shares of the company’s stock worth $2,975,000 after acquiring an additional 769 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake 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 purchasing an additional 1,149 shares in the last quarter. 57.96% of the stock is currently owned by institutional investors.

Hershey Trading Down 0.8%

Shares of HSY opened at $185.77 on Thursday. The stock has a market capitalization of $37.33 billion, a P/E ratio of 25.38, a PEG ratio of 1.14 and a beta of 0.11. Hershey Company has a twelve month low of $161.43 and a twelve month high of $239.48. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 1.03. The firm has a fifty day simple moving average of $178.87 and a two-hundred day simple moving average of $195.00.

Hershey (NYSE:HSY) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.47. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.63 billion. Hershey had a net margin of 12.24% and a return on equity of 31.92%. The company’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 earned $1.21 earnings per share. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. On average, research analysts anticipate that Hershey Company will post 8.49 EPS for the current year.

Hershey Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be issued a dividend of $1.452 per share. This represents a $5.81 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, August 14th. Hershey’s payout ratio is currently 79.37%.

Insider Buying and Selling

In other Hershey news, CFO Steven E. Voskuil sold 1,500 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $9,043,150. This represents a 2.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently commented on HSY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $191.00 target price on shares of Hershey in a report on Friday, July 31st. Barclays cut their price target on shares of Hershey from $208.00 to $200.00 and set an “equal weight” rating for the company in a research report on Monday, August 3rd. Weiss Ratings raised Hershey from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 31st. Royal Bank Of Canada decreased their price objective on Hershey from $212.00 to $206.00 and set a “sector perform” rating on the stock in a report on Friday, August 21st. Finally, Mizuho dropped their target price on Hershey from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, May 20th. Seven investment analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, Hershey currently has an average rating of “Hold” and a consensus target price of $204.78.

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.