Raleigh Capital Management Inc. Has $813,000 Stock Position in Hershey Company (The) $HSY

Raleigh Capital Management Inc. boosted its stake in Hershey Company (The) (NYSE:HSY) by 1,544.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 4,636 shares of the company’s stock after buying an additional 4,354 shares during the period. Raleigh Capital Management Inc.’s holdings in Hershey were worth $813,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Hershey by 6.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,310 shares of the company’s stock worth $2,618,000 after acquiring an additional 937 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Hershey by 20.2% during the second quarter. EverSource Wealth Advisors LLC now owns 697 shares of the company’s stock worth $116,000 after purchasing an additional 117 shares during the period. Gamco Investors INC. ET AL acquired a new stake in Hershey during the 2nd quarter worth approximately $267,000. Bank of Nova Scotia lifted its holdings in Hershey by 4.5% during the 2nd quarter. Bank of Nova Scotia now owns 17,927 shares of the company’s stock worth $2,975,000 after purchasing an additional 769 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in Hershey by 5.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 22,247 shares of the company’s stock valued at $3,692,000 after purchasing an additional 1,149 shares during the period. 57.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hershey

In other news, CFO Steven E. Voskuil sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $170.00, for a total value of $255,000.00. Following the completion of the transaction, the chief financial officer directly owned 53,195 shares in the company, valued at approximately $9,043,150. The trade was a 2.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

HSY has been the topic of a number of research reports. Evercore set a $225.00 price objective on Hershey in a report on Thursday, July 23rd. TD Cowen raised Hershey from a “hold” rating to a “buy” rating and set a $210.00 target price for the company in a report on Friday, May 1st. The Goldman Sachs Group set a $240.00 target price on shares of Hershey in a research report on Friday, May 1st. DA Davidson set a $190.00 price target on shares of Hershey in a research note on Friday, July 31st. Finally, Morgan Stanley lowered their price target on shares of Hershey from $247.00 to $227.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Seven equities research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat, Hershey currently has a consensus rating of “Hold” and an average price target of $203.61.

Hershey Stock Performance

NYSE:HSY opened at $185.97 on Friday. The stock has a fifty day moving average price of $177.65 and a 200-day moving average price of $195.79. The company has a market cap of $37.37 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 1.12 and a beta of 0.11. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.66 and a current ratio of 1.18. Hershey Company has a fifty-two week low of $161.43 and a fifty-two week high of $239.48.

Hershey (NYSE:HSY) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.47. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.63 billion. Hershey had a return on equity of 31.92% and a net margin of 12.24%.Hershey’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.21 earnings per share. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. As a group, equities analysts anticipate that Hershey Company will post 8.49 EPS for the current fiscal year.

Hershey Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be issued a $1.452 dividend. This represents a $5.81 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, August 14th. Hershey’s dividend payout ratio (DPR) is currently 79.37%.

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.