Jaffetilchin Investment Partners LLC Makes New Investment in The Hershey Company (NYSE:HSY)

VaselineSeptember 2, 2024

0 4 minutes read

Jaffetilchin Investment Partners LLC bought a new position in shares of The Hershey Company (NYSE:HSY – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,542 shares of the company’s stock, valued at approximately $467,000.

Other institutional investors have added to or reduced their stakes in the company. Capital Advisors Ltd. LLC raised its stake in shares of Hershey by 218.2% in the second quarter. Capital Advisors Ltd. LLC now owns 140 shares of the company’s stock valued at $26,000 after acquiring an additional 96 shares in the last quarter. Riverview Trust Co purchased a new position in shares of Hershey in the 1st quarter worth about $29,000. OFI Invest Asset Management acquired a new position in shares of Hershey in the second quarter valued at about $29,000. Quarry LP bought a new position in shares of Hershey during the fourth quarter valued at about $34,000. Finally, Crewe Advisors LLC purchased a new stake in shares of Hershey in the first quarter valued at about $35,000. 57.96% of shares are currently owned by institutional investors.

Hershey’s price performance

Shares of NYSE:HSY opened at $193.06 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.48, and a current ratio of 0.86. The Hershey Company has a 52-week low of $178.82 and a 52-week high of $219.92. The firm has a market cap of $39.05 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 5.60 and a beta of 0.36. The company’s fifty-day moving average is $192.13, and its 200-day moving average is $193.17.

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Hershey (NYSE:HSY – Get Your Free Report ) last issued its quarterly earnings data on Thursday, August 1st. The company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.17). The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.30 billion. Hershey had a return on equity of 45.36% and a net margin of 16.76%. Hershey’s revenue was down 16.7% compared to the same quarter last year. In the same period last year, the firm earned $2.01 per share. sell-side analysts predict that The Hershey Company will post 9.5 earnings per share for the current year.

Hershey announces dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 16th will be given a $1.37 dividend. This represents an annualized dividend of $5.48 and a dividend yield of 2.84%. The ex-dividend date of this dividend is Friday, August 16. Hershey’s dividend payout ratio (DPR) is currently 54.31%.

The Wall Street analyst weighs in

HSY has been the subject of several recent research reports. Barclays decreased their price objective on Hershey from $210.00 to $204.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 18th. Goldman Sachs Group initiated coverage on shares of Hershey in a research report on Monday, August 12th. They set a “sell” rating and a $185.00 price objective for the company. Royal Bank of Canada cut their price target on shares of Hershey from $209.00 to $205.00 and set a “sector perform” rating for the company in a report on Friday, August 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Hershey from $183.00 to $188.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Argus downgraded shares of Hershey from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $202.79, according to MarketBeat.com.

Check out the latest stock analysis on HSY

Indoor activity

In other Hershey news, CAO Jennifer Mccalman sold 538 shares of Hershey stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $199.17, for a total value of $107,153.46. Following the completion of the sale, the chief accounting officer now directly owns 3,238 shares in the company, valued at $644,912.46. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. In other news, CAO Jennifer Mccalman sold 538 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $199.17, for a total transaction of $107,153.46. Following the completion of the sale, the chief accounting officer now owns 3,238 shares of the company’s stock, valued at approximately $644,912.46. The sale was disclosed in a legal filing with the SEC, which is accessible via this link. Also, CFO Steven E. Voskuil sold 1,500 shares of Hershey stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $190.83, for a total transaction of $286,245.00. Following the completion of the sale, the chief financial officer now owns 34,228 shares of the company’s stock, valued at approximately $6,531,729.24. The disclosure for this sale can be found here. Insiders have sold 3,538 shares of company stock worth $667,793 over the last ninety days. 0.34% of shares are owned by company insiders.

Hershey Company Profile

(Free report)

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery and pantry products in the United States and internationally. The company operates through three segments: North American Confectionery, North American Savory Snacks and International. Offers chocolate and non-chocolate confectionery; soft drinks with gum and mints, including mints, chewing gum and chewing gum; protein bars; pantry items such as baking ingredients, toppings, drinks and sundae syrups; and snack items including spreads, bars, snacks, mixes, popcorn and pretzels.