CORDA Investment Management LLC. Invests $20.95 Million in Hershey Company (The) $HSY

CORDA Investment Management LLC. purchased a new position in Hershey Company (The) (NYSE:HSY) during the 2nd quarter, Holdings Channel reports. The fund purchased 119,435 shares of the company’s stock, valued at approximately $20,955,000. Hershey makes up 1.3% of CORDA Investment Management LLC.’s portfolio, making the stock its 29th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HSY. Silverlake Wealth Management LLC purchased a new stake in Hershey in the 2nd quarter valued at about $355,000. GSA Capital Partners LLP purchased a new position in shares of Hershey during the second quarter worth approximately $684,000. Clearstead Trust LLC bought a new stake in shares of Hershey during the second quarter valued at approximately $35,000. Bryn Mawr Trust Advisors LLC bought a new stake in shares of Hershey during the second quarter valued at approximately $1,016,000. Finally, Northstar Group Inc. purchased a new stake in shares of Hershey in the second quarter valued at approximately $365,000. Institutional investors own 57.96% of the company’s stock.

Hershey Stock Down 1.0%

Hershey stock opened at $184.29 on Friday. The business has a fifty day moving average of $177.65 and a two-hundred day moving average of $195.71. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 1.03. The firm has a market cap of $37.03 billion, a P/E ratio of 25.18, a P/E/G ratio of 1.12 and a beta of 0.11. Hershey Company has a twelve month low of $161.43 and a twelve month high of $239.48.

Hershey (NYSE:HSY) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.47. The business had revenue of $2.79 billion for 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%.The business’s revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business posted $1.21 EPS. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. On average, analysts forecast that Hershey Company will post 8.49 earnings per share for the current fiscal year.

Hershey Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be paid a $1.452 dividend. This represents a $5.81 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, August 14th. Hershey’s payout ratio is 79.23%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HSY. Piper Sandler dropped their price objective on Hershey from $249.00 to $200.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. JPMorgan Chase & Co. lifted their target price on Hershey from $191.00 to $193.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Weiss Ratings upgraded Hershey from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 31st. Barclays dropped their price target on Hershey from $208.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Monday, August 3rd. Finally, Bank of America decreased their price objective on Hershey from $220.00 to $200.00 and set a “neutral” rating for the company in a report on Thursday, June 25th. Seven research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $203.61.

Insider Buying and Selling

In other Hershey news, CFO Steven E. Voskuil sold 1,500 shares of the business’s stock in a transaction dated 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.08% of the company’s stock.

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.