Hershey (NYSE:HSY) Stock Acquired Rep. Marjorie Taylor Greene

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of The Hershey Company (NYSE:HSY). In a filing disclosed on January 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Hershey stock on January 8th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Old Dominion Freight Line (NASDAQ:ODFL) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Palo Alto Networks (NASDAQ:PANW) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Eli Lilly and Company (NYSE:LLY) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Devon Energy (NYSE:DVN) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Kinder Morgan (NYSE:KMI) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Norfolk Southern (NYSE:NSC) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Cardinal Health (NYSE:CAH) on 1/21/2025.

Hershey Price Performance

HSY opened at $149.80 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.54 and a current ratio of 0.85. The Hershey Company has a 1-year low of $147.60 and a 1-year high of $211.92. The company has a 50-day moving average of $168.39 and a 200-day moving average of $182.73. The company has a market capitalization of $30.31 billion, a P/E ratio of 17.26, a PEG ratio of 4.28 and a beta of 0.38.

Hershey Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, November 18th were issued a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a yield of 3.66%. The ex-dividend date was Monday, November 18th. Hershey’s dividend payout ratio is currently 63.13%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on HSY shares. Jefferies Financial Group reduced their target price on Hershey from $150.00 to $134.00 and set an “underperform” rating on the stock in a report on Tuesday, January 21st. Wells Fargo & Company decreased their price objective on shares of Hershey from $150.00 to $140.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Mizuho dropped their target price on shares of Hershey from $195.00 to $170.00 and set a “neutral” rating on the stock in a report on Monday, December 23rd. JPMorgan Chase & Co. decreased their price target on shares of Hershey from $171.00 to $151.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Sanford C. Bernstein lowered shares of Hershey from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $230.00 to $205.00 in a research note on Monday, October 7th. Six analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $171.79.

Hedge Funds Weigh In On Hershey

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Hershey during the 3rd quarter valued at $1,337,000. Principal Financial Group Inc. raised its position in Hershey by 66.7% during the third quarter. Principal Financial Group Inc. now owns 972,836 shares of the company’s stock valued at $186,571,000 after buying an additional 389,404 shares during the period. Woodstock Corp lifted its stake in Hershey by 34.8% in the 4th quarter. Woodstock Corp now owns 6,896 shares of the company’s stock worth $1,168,000 after acquiring an additional 1,780 shares in the last quarter. HighTower Advisors LLC boosted its position in Hershey by 61.9% during the 3rd quarter. HighTower Advisors LLC now owns 120,159 shares of the company’s stock worth $23,052,000 after acquiring an additional 45,936 shares during the period. Finally, Pensionfund Sabic grew its stake in Hershey by 55.6% during the 4th quarter. Pensionfund Sabic now owns 8,400 shares of the company’s stock valued at $1,423,000 after acquiring an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia’s 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor’s degree in business administration from the University of Georgia. Greene’s career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

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.