Geneos Wealth Management Inc. Has $1.06 Million Position in Hershey Company (The) $HSY

by · The Cerbat Gem

Geneos Wealth Management Inc. reduced its position in shares of Hershey Company (The) (NYSE:HSY – Free Report) by 12.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,219 shares of the company’s stock after selling 908 shares during the period. Geneos Wealth Management Inc.’s holdings in Hershey were worth $1,064,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in Hershey by 7.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,991,639 shares of the company’s stock valued at $853,720,000 after acquiring an additional 356,249 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Hershey by 25.4% in the 1st quarter. Royal Bank of Canada now owns 2,753,077 shares of the company’s stock valued at $470,858,000 after purchasing an additional 557,056 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Hershey by 38.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,628,047 shares of the company’s stock valued at $275,710,000 after purchasing an additional 453,428 shares during the last quarter. Northern Trust Corp increased its stake in shares of Hershey by 0.8% in the 1st quarter. Northern Trust Corp now owns 1,590,903 shares of the company’s stock valued at $272,092,000 after purchasing an additional 11,946 shares during the last quarter. Finally, Amundi increased its stake in shares of Hershey by 40.4% in the 1st quarter. Amundi now owns 1,237,107 shares of the company’s stock valued at $208,227,000 after purchasing an additional 356,105 shares during the last quarter. 57.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HSY has been the topic of a number of research reports. Mizuho boosted their price objective on Hershey from $155.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. JPMorgan Chase & Co. initiated coverage on Hershey in a research report on Wednesday, August 20th. They set a “neutral” rating and a $187.00 price objective on the stock. Wall Street Zen upgraded Hershey from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. DA Davidson boosted their price objective on Hershey from $171.00 to $188.00 and gave the stock a “neutral” rating in a research report on Monday, August 4th. Finally, Bank of America boosted their price objective on Hershey from $175.00 to $208.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Fourteen research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $171.22.

View Our Latest Stock Report on HSY

Hershey Trading Down 0.3%

NYSE HSY opened at $184.95 on Friday. The business’s 50-day moving average price is $180.35 and its two-hundred day moving average price is $171.70. Hershey Company has a 12 month low of $140.13 and a 12 month high of $208.03. The firm has a market capitalization of $37.49 billion, a PE ratio of 24.56, a price-to-earnings-growth ratio of 4.48 and a beta of 0.27. The company has a current ratio of 1.53, a quick ratio of 0.89 and a debt-to-equity ratio of 1.15.

Hershey (NYSE:HSY – Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.23. Hershey had a return on equity of 37.36% and a net margin of 13.54%.The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the company posted $1.27 EPS. The business’s revenue was up 26.0% on a year-over-year basis. Hershey has set its FY 2025 guidance at 5.809-5.997 EPS. On average, analysts expect that Hershey Company will post 6.12 EPS for the current year.

Hershey Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be paid a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, August 15th. Hershey’s payout ratio is currently 72.78%.

Insiders Place Their Bets

In other news, CFO Steven E. Voskuil sold 5,000 shares of the business’s stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $180.00, for a total value of $900,000.00. Following the transaction, the chief financial officer directly owned 61,319 shares of the company’s stock, valued at $11,037,420. The trade was a 7.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Rohit Grover sold 1,334 shares of the business’s stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $180.00, for a total value of $240,120.00. Following the completion of the transaction, the insider directly owned 38,068 shares in the company, valued at $6,852,240. This represents a 3.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,127 shares of company stock valued at $15,759,755 over the last 90 days. 0.34% of the stock is owned by company insiders.

Hershey Company Profile

(Free Report)

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.

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