Hershey (NYSE:HSY) Shares Acquired Rep. Robert Bresnahan, Jr.

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of The Hershey Company NYSE: HSY. In a filing disclosed on March 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Hershey stock on February 25th.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 3/7/2025.
• Sold $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 3/6/2025.
• Purchased $1,001 - $15,000 in shares of SEA NYSE: SE on 3/5/2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Twilio NYSE: TWLO on 3/4/2025.
• Sold $15,001 - $50,000 in shares of Alibaba Group NYSE: BABA on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Zoom Video Communications NASDAQ: ZM on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 3/3/2025.
• Purchased $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 3/3/2025.

Hershey Price Performance

Shares of NYSE:HSY traded down $3.21 during midday trading on Wednesday, hitting $166.41. 359,108 shares of the stock were exchanged, compared to its average volume of 1,779,991. The stock has a market cap of $33.68 billion, a P/E ratio of 15.27, a PEG ratio of 5.90 and a beta of 0.32. The Hershey Company has a twelve month low of $140.13 and a twelve month high of $211.92. The company has a 50 day moving average price of $164.71 and a 200-day moving average price of $173.25. The company has a current ratio of 0.96, a quick ratio of 0.64 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, beating the consensus estimate of $2.40 by $0.29. Hershey had a net margin of 19.83% and a return on equity of 44.77%. On average, research analysts forecast that The Hershey Company will post 6.12 earnings per share for the current year.

Hershey Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HSY shares. Jefferies Financial Group cut their target price on Hershey from $150.00 to $134.00 and set an "underperform" rating on the stock in a research report on Tuesday, January 21st. Mizuho cut their price objective on Hershey from $170.00 to $140.00 in a report on Wednesday, February 5th. Piper Sandler cut Hershey from a "neutral" rating to an "underweight" rating and decreased their target price for the stock from $153.00 to $120.00 in a report on Friday, January 31st. 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. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Hershey from $184.00 to $148.00 and set a "hold" rating for the company in a research report on Thursday, January 23rd. Five investment analysts have rated the stock with a sell rating and sixteen have given a hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $162.50.

Hedge Funds Weigh In On Hershey

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

Insider Activity

In other news, CAO Jennifer Mccalman sold 278 shares of Hershey stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $148.00, for a total value of $41,144.00. Following the transaction, the chief accounting officer now owns 2,682 shares of the company's stock, valued at $396,936. This trade represents a 9.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.34% of the stock is owned by insiders.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About Hershey

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.