Hershey Company (The) $HSY Stock Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lifted its holdings in shares of Hershey Company (The) (NYSE:HSY) by 5.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 59,244 shares of the company’s stock after purchasing an additional 3,318 shares during the period. Oppenheimer & Co. Inc.’s holdings in Hershey were worth $9,337,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Hershey during the second quarter valued at about $2,303,889,000. GQG Partners LLC purchased a new position in shares of Hershey in the second quarter worth about $485,436,000. Bank of America Corp DE bought a new stake in shares of Hershey in the 2nd quarter valued at about $274,871,000. Legal & General Group Plc bought a new stake in shares of Hershey in the 2nd quarter valued at about $183,623,000. Finally, First Trust Advisors LP lifted its stake in shares of Hershey by 315.4% in the 1st quarter. First Trust Advisors LP now owns 1,083,675 shares of the company’s stock valued at $225,285,000 after acquiring an additional 822,772 shares during the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Hershey Stock Down 2.4%

Shares of NYSE:HSY opened at $164.24 on Wednesday. The company has a 50-day moving average price of $171.11 and a 200-day moving average price of $189.41. Hershey Company has a 12 month low of $156.16 and a 12 month high of $239.48.

Hershey (NYSE:HSY) last posted its earnings results on Thursday, July 30th. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate 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. During the same period in the previous year, the business earned $1.21 earnings per share. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. Equities analysts expect that Hershey Company will post 8.47 earnings per share for the current year.

Analyst Ratings Changes

HSY has been the topic of several recent research reports. DA Davidson set a $190.00 price target on Hershey in a research report on Friday, July 31st. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Hershey in a research report on Tuesday. Weiss Ratings upgraded Hershey from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. UBS Group reissued a “neutral” rating on shares of Hershey in a research note on Tuesday, October 20th. Finally, Stifel Nicolaus cut their target price on shares of Hershey from $215.00 to $180.00 and set a “hold” rating on the stock in a report on Wednesday, July 22nd. Six research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $199.44.

About Hershey

The Hershey Company (NYSE: HSY) is a global confectionery and snack food manufacturer headquartered in Hershey, Pennsylvania. Founded by Milton S. Hershey in 1894, the company began as a chocolate producer and has grown into one of the largest branded snack businesses in North America.

Hershey’s portfolio includes chocolate, non-chocolate confectionery, gum and mints, and salty snacks. Its brands include Hershey’s, Reese’s, Hershey’s Kisses, Kit Kat in the United States under license from Nestlé, Jolly Rancher, Twizzlers, Ice Breakers, SkinnyPop and Dot’s Pretzels.