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Hershey (NYSE:HSY) Stock Acquired Rep. Julie Johnson

Hershey logo with Consumer Staples background

Representative Julie Johnson (D-Texas) recently bought shares of The Hershey Company NYSE: HSY. In a filing disclosed on February 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Hershey stock on January 15th. The trade occurred in the Representative's "MERRILL LYNCH TAX EFFICIENT CORE" account.

Representative Julie Johnson also recently made the following trade(s):

  • Sold $1,001 - $15,000 in shares of Dell Technologies NYSE: DELL on 1/28/2025.
  • Sold $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 1/28/2025.
  • Sold $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 1/28/2025.
  • Sold $1,001 - $15,000 in shares of ALLETE NYSE: ALE on 1/28/2025.
  • Sold $1,001 - $15,000 in shares of PPG Industries NYSE: PPG on 1/27/2025.
  • Purchased $1,001 - $15,000 in shares of Progressive NYSE: PGR on 1/24/2025.
  • Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 1/24/2025.
  • Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 1/24/2025.
  • Sold $1,001 - $15,000 in shares of Morgan Stanley NYSE: MS on 1/24/2025.
  • Purchased $1,001 - $15,000 in shares of Merck & Co., Inc. NYSE: MRK on 1/17/2025.

Hershey Price Performance

Shares of NYSE HSY traded down $2.82 during mid-day trading on Monday, hitting $157.99. 1,449,913 shares of the company's stock traded hands, compared to its average volume of 2,139,031. The company's 50-day moving average is $162.49 and its two-hundred day moving average is $179.11. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.96 and a quick ratio of 0.54. The company has a market capitalization of $31.97 billion, a P/E ratio of 14.49, a PEG ratio of 4.89 and a beta of 0.37. The Hershey Company has a 1 year low of $140.13 and a 1 year high of $211.92.

Hershey (NYSE:HSY - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $2.69 earnings per share for the quarter, topping analysts' consensus estimates of $2.40 by $0.29. Hershey had a net margin of 19.83% and a return on equity of 44.77%. On average, equities analysts anticipate that The Hershey Company will post 6.77 EPS for the current fiscal year.

Hershey Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 17th will be given a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Friday, February 14th. Hershey's dividend payout ratio is 50.28%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Hershey by 38.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,628,047 shares of the company's stock valued at $275,710,000 after purchasing an additional 453,428 shares during the period. Waverly Advisors LLC increased its holdings in Hershey by 48.8% in the fourth quarter. Waverly Advisors LLC now owns 2,635 shares of the company's stock valued at $446,000 after buying an additional 864 shares in the last quarter. Wallace Capital Management Inc. increased its holdings in Hershey by 0.9% in the fourth quarter. Wallace Capital Management Inc. now owns 10,770 shares of the company's stock valued at $1,824,000 after buying an additional 95 shares in the last quarter. Wellington Wealth Strategies LLC. purchased a new stake in shares of Hershey during the fourth quarter worth about $1,735,000. Finally, Woodline Partners LP purchased a new stake in shares of Hershey during the fourth quarter worth about $8,818,000. 57.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Mizuho cut their price target on shares of Hershey from $170.00 to $140.00 in a report on Wednesday, February 5th. UBS Group cut their price target on shares of Hershey from $189.00 to $163.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Redburn Atlantic assumed coverage on shares of Hershey in a report on Tuesday, October 22nd. They issued a "sell" rating and a $165.00 price target on the stock. Stifel Nicolaus cut their price target on shares of Hershey from $170.00 to $160.00 and set a "hold" rating on the stock in a report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Hershey from $184.00 to $148.00 and set a "hold" rating on the stock in a report on Thursday, January 23rd. Five investment analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $164.15.

Get Our Latest Report on Hershey

Insider Transactions at Hershey

In related news, CAO Jennifer Mccalman sold 278 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $148.00, for a total transaction of $41,144.00. Following the completion of the sale, the chief accounting officer now owns 2,682 shares of the company's stock, valued at approximately $396,936. This represents a 9.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.34% of the company's stock.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024. Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.

Hershey Company Profile

(Get Free Report)

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.

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