E. Ohman J or Asset Management AB Takes Position in Hershey Company (The) $HSY

E. Ohman J or Asset Management AB bought a new position in Hershey Company (The) (NYSE:HSY) in the 4th quarter, Holdings Channel reports. The firm bought 5,690 shares of the company’s stock, valued at approximately $1,035,000.

A number of other large investors have also recently made changes to their positions in the company. SJS Investment Consulting Inc. grew its holdings in Hershey by 1,537.5% during the 3rd quarter. SJS Investment Consulting Inc. now owns 131 shares of the company’s stock valued at $25,000 after purchasing an additional 123 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in Hershey in the 3rd quarter worth about $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in Hershey in the second quarter worth about $31,000. Vermillion & White Wealth Management Group LLC boosted its position in shares of Hershey by 46.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 199 shares of the company’s stock valued at $33,000 after buying an additional 63 shares during the period. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Hershey during the third quarter valued at approximately $35,000. 57.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $185.00 price target on shares of Hershey in a report on Tuesday, February 3rd. Argus upgraded Hershey to a “hold” rating in a report on Wednesday, November 26th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $250.00 price objective on shares of Hershey in a research report on Friday, February 6th. Piper Sandler reiterated an “overweight” rating and issued a $249.00 target price on shares of Hershey in a research note on Wednesday, February 25th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $267.00 target price on shares of Hershey in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and sixteen have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $222.68.

Insider Buying and Selling at Hershey

In related news, insider Rohit Grover sold 3,500 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $226.07, for a total transaction of $791,245.00. Following the completion of the sale, the insider directly owned 34,568 shares in the company, valued at $7,814,787.76. This represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Jason Reiman sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $226.07, for a total value of $452,140.00. Following the sale, the senior vice president directly owned 41,036 shares in the company, valued at approximately $9,277,008.52. The trade was a 4.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 10,000 shares of company stock valued at $2,195,945. 0.34% of the stock is currently owned by corporate insiders.

Hershey Trading Up 0.7%

NYSE HSY opened at $216.79 on Thursday. Hershey Company has a one year low of $150.04 and a one year high of $239.48. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.72 and a current ratio of 1.19. The company has a market capitalization of $43.94 billion, a price-to-earnings ratio of 49.95, a price-to-earnings-growth ratio of 1.35 and a beta of 0.14. The company’s 50-day simple moving average is $215.04 and its two-hundred day simple moving average is $195.06.

Hershey (NYSE:HSY) last announced its quarterly earnings results on Thursday, February 5th. The company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.31. The firm had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Hershey had a net margin of 7.55% and a return on equity of 27.90%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.69 EPS. Hershey has set its FY 2026 guidance at 8.200-8.520 EPS. Equities analysts forecast that Hershey Company will post 6.12 EPS for the current fiscal year.

Hershey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Tuesday, February 17th were issued a dividend of $1.452 per share. This is an increase from Hershey’s previous quarterly dividend of $1.37. This represents a $5.81 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Tuesday, February 17th. Hershey’s dividend payout ratio (DPR) is currently 133.64%.

About Hershey

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.