Envestnet Portfolio Solutions Inc. Has $4.92 Million Stake in Hershey Company (The) $HSY

Envestnet Portfolio Solutions Inc. lifted its position in shares of Hershey Company (The) (NYSE:HSY) by 99.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,317 shares of the company’s stock after purchasing an additional 13,133 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Hershey were worth $4,923,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in HSY. Teacher Retirement System of Texas increased its position in Hershey by 61.0% during the 3rd quarter. Teacher Retirement System of Texas now owns 36,162 shares of the company’s stock worth $6,764,000 after buying an additional 13,695 shares during the period. Wendell David Associates Inc. grew its stake in shares of Hershey by 3.3% in the third quarter. Wendell David Associates Inc. now owns 5,369 shares of the company’s stock valued at $1,004,000 after acquiring an additional 174 shares in the last quarter. iA Global Asset Management Inc. increased its position in Hershey by 6.0% during the third quarter. iA Global Asset Management Inc. now owns 125,525 shares of the company’s stock worth $23,479,000 after acquiring an additional 7,132 shares during the period. Strs Ohio raised its stake in Hershey by 356.1% in the 3rd quarter. Strs Ohio now owns 15,883 shares of the company’s stock worth $2,971,000 after purchasing an additional 12,401 shares in the last quarter. Finally, New Wave Wealth Advisors LLC bought a new stake in Hershey in the 3rd quarter valued at about $236,000. 57.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on HSY shares. JPMorgan Chase & Co. raised their target price on shares of Hershey from $187.00 to $189.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. Jefferies Financial Group started coverage on Hershey in a research note on Thursday, December 4th. They set a “hold” rating and a $181.00 price objective on the stock. Morgan Stanley raised Hershey from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $195.00 to $211.00 in a report on Monday, December 15th. Argus raised Hershey to a “hold” rating in a report on Wednesday, November 26th. Finally, Barclays set a $210.00 price target on Hershey in a research report on Friday, January 16th. Five research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $191.83.

Insider Activity

In related news, insider Stacy Taffet purchased 200 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were bought at an average cost of $186.19 per share, with a total value of $37,238.00. Following the acquisition, the insider owned 9,371 shares of the company’s stock, valued at $1,744,786.49. This trade represents a 2.18% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Steven E. Voskuil sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $198.67, for a total transaction of $298,005.00. Following the transaction, the chief financial officer owned 52,319 shares of the company’s stock, valued at approximately $10,394,215.73. This represents a 2.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 6,000 shares of company stock worth $1,119,450. Corporate insiders own 0.34% of the company’s stock.

Hershey Trading Up 0.3%

Shares of HSY stock opened at $191.19 on Friday. Hershey Company has a fifty-two week low of $140.13 and a fifty-two week high of $201.86. The stock’s fifty day moving average price is $186.35 and its two-hundred day moving average price is $183.60. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.83 and a current ratio of 1.36. The company has a market cap of $38.77 billion, a PE ratio of 28.58 and a beta of 0.18.

Hershey (NYSE:HSY) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.24. The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.11 billion. Hershey had a return on equity of 32.08% and a net margin of 11.84%.Hershey’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.34 EPS. Hershey has set its FY 2025 guidance at 5.900-6.000 EPS. Equities analysts predict that Hershey Company will post 6.12 EPS for the current fiscal year.

Hershey Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, November 17th were issued a $1.37 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 2.9%. Hershey’s dividend payout ratio is 81.91%.

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.