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 Trading Down 0.4 %

Shares of HSY stock opened at $169.87 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $34.38 billion, a P/E ratio of 15.58, a P/E/G ratio of 5.90 and a beta of 0.32. The Hershey Company has a 12-month low of $140.13 and a 12-month high of $211.92. The firm has a 50-day moving average price of $164.03 and a 200 day moving average price of $173.84.

Hershey (NYSE:HSY) last announced its earnings results on Thursday, February 6th. The company reported $2.69 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%. Research analysts forecast that The Hershey Company will post 6.12 earnings per share for the current fiscal year.

Hershey Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 17th were given a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Friday, February 14th. Hershey’s dividend payout ratio (DPR) is currently 50.28%.

Insider Buying and Selling at Hershey

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price target on Hershey from $184.00 to $148.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Piper Sandler cut shares of Hershey from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $153.00 to $120.00 in a research note on Friday, January 31st. Mizuho lowered their price target on shares of Hershey from $170.00 to $140.00 in a report on Wednesday, February 5th. Morgan Stanley initiated coverage on Hershey in a research report on Monday, March 24th. They issued an “equal weight” rating and a $183.00 price objective on the stock. Finally, Bank of America restated a “neutral” rating and set a $180.00 target price on shares of Hershey in a research report on Thursday, December 12th. Five analysts have rated the stock with a sell rating and sixteen have given a hold rating to the company. Based on data from MarketBeat, Hershey presently has an average rating of “Hold” and an average target price of $162.50.

Institutional Investors Weigh In On Hershey

Several institutional investors and hedge funds have recently added to or reduced their stakes in HSY. Montag & Caldwell LLC bought a new stake in Hershey during the fourth quarter worth about $25,000. Putney Financial Group LLC acquired a new stake in shares of Hershey in the 4th quarter valued at approximately $25,000. Crowley Wealth Management Inc. bought a new position in shares of Hershey in the fourth quarter valued at $28,000. Mpwm Advisory Solutions LLC acquired a new position in Hershey during the fourth quarter worth $28,000. Finally, Grove Bank & Trust raised its position in Hershey by 248.0% during the fourth quarter. Grove Bank & Trust now owns 174 shares of the company’s stock worth $29,000 after acquiring an additional 124 shares in the last quarter. 57.96% of the stock is owned by institutional investors.

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.