Hershey (NYSE:HSY) Shares Acquired Rep. Carol D. Miller

Representative Carol D. Miller (R-West Virginia) recently bought shares of The Hershey Company NYSE: HSY. In a filing disclosed on April 11th, the Representative disclosed that they had bought between $1,001 and $15,000 in Hershey stock on March 10th. The trade occurred in the Representative's "MATT MILLER INVESTMENT MANAGEMENT ACCOUNT" account.

Representative Carol D. Miller also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Aflac NYSE: AFL on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of Gilead Sciences NASDAQ: GILD on 3/10/2025.
• Sold $1,001 - $15,000 in shares of Pfizer NYSE: PFE on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of Lockheed Martin NYSE: LMT on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of Honeywell International NASDAQ: HON on 3/10/2025.
• Sold $1,001 - $15,000 in shares of U.S. Bancorp NYSE: USB on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of CME Group NASDAQ: CME on 3/10/2025.
• Sold $1,001 - $15,000 in shares of Target NYSE: TGT on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of American Water Works NYSE: AWK on 3/10/2025.

Hershey Stock Up 1.3 %

HSY stock traded up $2.18 during mid-day trading on Friday, reaching $166.41. 1,120,479 shares of the company traded hands, compared to its average volume of 1,793,640. The stock has a market cap of $33.68 billion, a price-to-earnings ratio of 15.27, a P/E/G ratio of 5.90 and a beta of 0.28. The Hershey Company has a fifty-two week low of $140.13 and a fifty-two week high of $211.92. The firm's 50 day moving average price is $168.62 and its 200 day moving average price is $170.76. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.68.

Hershey (NYSE:HSY - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.29. Hershey had a return on equity of 44.77% and a net margin of 19.83%. As a group, equities research analysts predict that The Hershey Company will post 6.12 EPS for the current fiscal year.

Hershey Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 17th were issued a $1.37 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 3.29%. Hershey's dividend payout ratio is presently 50.28%.

Hedge Funds Weigh In On Hershey

Several hedge funds and other institutional investors have recently modified their holdings of HSY. Montag & Caldwell LLC bought a new stake in shares of Hershey during the 4th quarter valued at about $25,000. Putney Financial Group LLC bought a new stake in Hershey during the fourth quarter valued at approximately $25,000. Crowley Wealth Management Inc. purchased a new stake in Hershey during the fourth quarter valued at approximately $28,000. Mpwm Advisory Solutions LLC bought a new position in Hershey in the fourth quarter worth approximately $28,000. Finally, Vision Financial Markets LLC purchased a new position in shares of Hershey during the 4th quarter worth $29,000. 57.96% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO Jennifer Mccalman sold 278 shares of Hershey stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $148.00, for a total transaction of $41,144.00. Following the transaction, the chief accounting officer now directly owns 2,682 shares of the company's stock, valued at $396,936. The trade was a 9.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.28% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on HSY. Deutsche Bank Aktiengesellschaft cut their price objective on Hershey from $184.00 to $148.00 and set a "hold" rating on the stock in a research report on Thursday, January 23rd. Jefferies Financial Group lowered their price objective on shares of Hershey from $150.00 to $134.00 and set an "underperform" rating on the stock in a research report on Tuesday, January 21st. Stifel Nicolaus decreased their price target on shares of Hershey from $170.00 to $160.00 and set a "hold" rating for the company in a research note on Friday, February 7th. Wells Fargo & Company upped their price objective on shares of Hershey from $125.00 to $132.00 and gave the company an "underweight" rating in a research note on Friday, March 14th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $178.00 price target on shares of Hershey in a research report on Monday, February 3rd. Five analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $163.35.

About Representative Miller

Carol Miller (Republican Party) is a member of the U.S. House, representing West Virginia's 1st Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. Miller (Republican Party) ran for re-election to the U.S. House to represent West Virginia's 1st Congressional District. She won in the general election on November 5, 2024. West Virginia's 3rd Congressional District race was identified as a 2018 battleground that might have affected partisan control of the U.S. House in the 116th Congress. Incumbent Evan Jenkins (R) did not seek re-election in 2018, leaving the seat open. In the campaign, Miller emphasized her endorsement by President Donald Trump (R). Lara Trump, Senior Advisor to Donald J. Trump for President, Inc., said, "Carol is pro-coal, pro-Second Amendment, and pro-Trump through and through, and is prepared to tackle the opioid epidemic that’s affected countless West Virginians." Miller also supported the construction of a wall on the southern U.S. border and the Tax Cuts and Jobs Act (TCJA). Miller is a former Republican member of the West Virginia House of Delegates, representing District 16 from 2006 to 2018. Miller has also worked in real estate and owns a bison farm. Carol Miller was born in Columbus, Ohio. Miller graduated from Bexley High School in 1968. She earned a B.S. from Columbia College in 1972. Her career experience includes owning and operating Swann Ridge Bison Farm and working as a real estate manager.

Hershey Company Profile

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.