119,435 Shares in Hershey Company (The) $HSY Bought by CORDA Investment Management LLC.

CORDA Investment Management LLC. bought a new stake in shares of Hershey Company (The) (NYSE:HSY) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 119,435 shares of the company’s stock, valued at approximately $20,955,000. Hershey makes up approximately 1.3% of CORDA Investment Management LLC.’s portfolio, making the stock its 29th largest position. CORDA Investment Management LLC. owned 0.06% of Hershey at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Hershey by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 19,067,235 shares of the company’s stock worth $3,469,855,000 after buying an additional 191,671 shares in the last quarter. Capital International Investors increased its stake in Hershey by 1.9% in the 4th 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 last quarter. State Street Corp increased its stake in Hershey by 1.8% in the 3rd quarter. State Street Corp now owns 7,253,041 shares of the company’s stock worth $1,356,681,000 after acquiring an additional 128,982 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Hershey by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,315,653 shares of the company’s stock worth $967,343,000 after acquiring an additional 124,464 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Hershey by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 4,831,101 shares of the company’s stock worth $876,434,000 after acquiring an additional 104,024 shares in the last quarter. 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 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 in the company, valued at $9,043,150. The trade was a 2.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is owned by company insiders.

Hershey Stock Down 1.0%

Shares of HSY opened at $184.29 on Friday. 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 business has a fifty day moving average of $177.65 and a 200 day moving average of $195.71. The company has a market cap of $37.03 billion, a PE ratio of 25.18, a P/E/G ratio of 1.12 and a beta of 0.11. Hershey Company has a 52-week low of $161.43 and a 52-week high of $239.48.

Hershey (NYSE:HSY) last posted its quarterly earnings data 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. Hershey had a net margin of 12.24% and a return on equity of 31.92%. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.63 billion. During the same quarter in the previous year, the business posted $1.21 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. On average, sell-side analysts expect that Hershey Company will post 8.49 EPS for the current year.

Hershey Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be given a $1.452 dividend. This represents a $5.81 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Friday, August 14th. Hershey’s dividend payout ratio is 79.23%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HSY. Weiss Ratings raised shares of Hershey from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 31st. Mizuho decreased their price target 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. JPMorgan Chase & Co. increased their price objective on shares of Hershey from $191.00 to $193.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Jefferies Financial Group set a $190.00 price objective on shares of Hershey in a research note on Thursday, July 16th. Finally, Barclays decreased their target price on shares of Hershey from $208.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Monday, August 3rd. Seven analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.