Schulhoff & Co. Inc. Grows Stock Position in The Hershey Company (NYSE:HSY)

Schulhoff & Co. Inc. boosted its position in shares of The Hershey Company (NYSE:HSY) by 34.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,631 shares of the company’s stock after buying an additional 925 shares during the quarter. Schulhoff & Co. Inc.’s holdings in Hershey were worth $667,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of HSY. Capital Advisors Ltd. LLC grew its holdings in Hershey by 218.2% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 140 shares of the company’s stock valued at $26,000 after purchasing an additional 96 shares during the last quarter. Riverview Trust Co bought a new position in shares of Hershey during the first quarter valued at approximately $29,000. GHP Investment Advisors Inc. raised its holdings in shares of Hershey by 55.0% in the second quarter. GHP Investment Advisors Inc. now owns 155 shares of the company’s stock worth $28,000 after buying an additional 55 shares during the period. OFI Invest Asset Management purchased a new position in Hershey during the 2nd quarter valued at $29,000. Finally, Crewe Advisors LLC bought a new position in Hershey in the 1st quarter valued at $35,000. Institutional investors own 57.96% of the company’s stock.

Analyst Ratings Changes

HSY has been the subject of several research analyst reports. The Goldman Sachs Group started coverage on Hershey in a research report on Monday, August 12th. They set a “sell” rating and a $185.00 target price for the company. JPMorgan Chase & Co. boosted their price objective on shares of Hershey from $183.00 to $188.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Hershey from $191.00 to $199.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Wells Fargo & Company lowered their price target on Hershey from $205.00 to $195.00 and set an “equal weight” rating for the company in a report on Friday, June 21st. Finally, Piper Sandler restated a “neutral” rating and set a $179.00 price objective on shares of Hershey in a report on Friday, June 21st. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $203.21.

Hershey Price Performance

Shares of NYSE:HSY opened at $200.83 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.48 and a debt-to-equity ratio of 0.87. The Hershey Company has a twelve month low of $178.82 and a twelve month high of $213.85. The company’s 50 day moving average is $195.11 and its 200 day moving average is $193.69. The company has a market cap of $40.63 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 5.77 and a beta of 0.37.

Hershey (NYSE:HSY) last issued its earnings results on Thursday, August 1st. The company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.17). The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Hershey had a return on equity of 45.36% and a net margin of 16.76%. The company’s revenue for the quarter was down 16.7% on a year-over-year basis. During the same period last year, the business earned $2.01 EPS. On average, sell-side analysts forecast that The Hershey Company will post 9.5 EPS for the current year.

Hershey Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 16th will be paid a $1.37 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 2.73%. Hershey’s payout ratio is 54.31%.

Insider Buying and Selling

In other Hershey news, CAO Jennifer Mccalman sold 538 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $199.17, for a total value of $107,153.46. Following the sale, the chief accounting officer now owns 3,238 shares in the company, valued at approximately $644,912.46. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Hershey news, CFO Steven E. Voskuil sold 1,500 shares of the stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $182.93, for a total transaction of $274,395.00. Following the transaction, the chief financial officer now owns 35,728 shares in the company, valued at $6,535,723.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jennifer Mccalman sold 538 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $199.17, for a total value of $107,153.46. Following the completion of the sale, the chief accounting officer now owns 3,238 shares of the company’s stock, valued at $644,912.46. The disclosure for this sale can be found here. Insiders have sold a total of 3,538 shares of company stock valued at $667,793 over the last ninety days. Company insiders own 0.34% of the company’s stock.

About Hershey

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.