RB Capital Management LLC Buys New Shares in Hershey Company (The) $HSY

RB Capital Management LLC bought a new position in Hershey Company (The) (NYSE:HSY) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 6,301 shares of the company’s stock, valued at approximately $1,105,000.

A number of other institutional investors have also bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Hershey in the second quarter valued at about $2,303,889,000. Capital International Investors boosted its stake in shares of Hershey by 1.9% in the fourth quarter. Capital International Investors now owns 9,106,431 shares of the company’s stock worth $1,657,189,000 after acquiring an additional 169,660 shares during the period. State Street Corp grew its position in shares of Hershey by 1.8% during the third quarter. State Street Corp now owns 7,253,041 shares of the company’s stock worth $1,356,681,000 after purchasing an additional 128,982 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Hershey by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,315,653 shares of the company’s stock worth $967,343,000 after purchasing an additional 124,464 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Hershey by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 4,831,101 shares of the company’s stock valued at $876,434,000 after purchasing an additional 104,024 shares during the period. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Insider Activity at Hershey

In related news, CFO Steven E. Voskuil sold 1,500 shares of Hershey stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $170.00, for a total value 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. This trade represents a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on HSY. Piper Sandler lowered their price target on Hershey from $249.00 to $200.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. DA Davidson set a $190.00 price objective on shares of Hershey in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $191.00 target price on shares of Hershey in a report on Friday, July 31st. Wells Fargo & Company dropped their target price on shares of Hershey from $200.00 to $190.00 and set an “equal weight” rating for the company in a research report on Friday, July 31st. Finally, Bank of America reduced their price target on shares of Hershey from $220.00 to $200.00 and set a “neutral” rating on the stock in a report on Thursday, June 25th. Seven analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $204.78.

Hershey Trading Down 1.1%

HSY stock opened at $179.34 on Friday. The firm has a fifty day moving average price of $179.18 and a 200 day moving average price of $194.54. Hershey Company has a fifty-two week low of $161.43 and a fifty-two week high of $239.48. The firm has a market cap of $36.03 billion, a PE ratio of 24.50, a price-to-earnings-growth ratio of 1.10 and a beta of 0.11. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.66 and a current ratio of 1.18.

Hershey (NYSE:HSY) last released its quarterly earnings results 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. Hershey had a net margin of 12.24% and a return on equity of 31.92%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter in the prior year, the firm earned $1.21 earnings per share. Hershey’s revenue was up 6.6% on a year-over-year basis. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. Sell-side analysts anticipate that Hershey Company will post 8.49 earnings per share for the current fiscal year.

Hershey Dividend Announcement

The firm also recently announced 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. This represents a $5.81 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, August 14th. Hershey’s dividend payout ratio is currently 79.37%.

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.