Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of The Hershey Company (NYSE:HSY). In a filing disclosed on May 31st, the Representative disclosed that they had bought between $1,001 and $15,000 in Hershey stock on May 15th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT” account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 – $15,000 in shares of Zimmer Biomet (NYSE:ZBH) on 5/15/2025.
- Sold $15,001 – $50,000 in shares of Elevance Health (NYSE:ELV) on 5/15/2025.
- Sold $15,001 – $50,000 in shares of PepsiCo (NASDAQ:PEP) on 5/15/2025.
- Sold $1,001 – $15,000 in shares of WEC Energy Group (NYSE:WEC) on 5/15/2025.
- Purchased $15,001 – $50,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 5/15/2025.
- Purchased $1,001 – $15,000 in shares of Kraft Heinz (NASDAQ:KHC) on 5/15/2025.
- Sold $1,001 – $15,000 in shares of Exxon Mobil (NYSE:XOM) on 5/15/2025.
- Sold $1,001 – $15,000 in shares of Danaher (NYSE:DHR) on 5/15/2025.
- Sold $1,001 – $15,000 in shares of International Flavors & Fragrances (NYSE:IFF) on 5/15/2025.
- Purchased $15,001 – $50,000 in shares of Texas Instruments (NASDAQ:TXN) on 5/15/2025.
Hershey Trading Up 0.4%
Shares of HSY opened at $161.41 on Tuesday. The Hershey Company has a 1-year low of $140.13 and a 1-year high of $208.03. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.96 and a quick ratio of 0.64. The firm has a 50 day simple moving average of $163.81 and a 200-day simple moving average of $166.08. The stock has a market cap of $32.70 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 5.90 and a beta of 0.32.
Hershey Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 16th will be given a $1.37 dividend. The ex-dividend date is Friday, May 16th. This represents a $5.48 annualized dividend and a dividend yield of 3.40%. Hershey’s dividend payout ratio is presently 67.57%.
Hedge Funds Weigh In On Hershey
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Trust Co. of Vermont grew its holdings in Hershey by 2.4% during the 1st quarter. Trust Co. of Vermont now owns 2,691 shares of the company’s stock valued at $460,000 after purchasing an additional 62 shares in the last quarter. Ignite Planners LLC boosted its position in Hershey by 5.2% in the 1st quarter. Ignite Planners LLC now owns 1,278 shares of the company’s stock valued at $214,000 after buying an additional 63 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. grew its stake in shares of Hershey by 0.9% during the first quarter. Klein Pavlis & Peasley Financial Inc. now owns 7,248 shares of the company’s stock valued at $1,229,000 after acquiring an additional 66 shares in the last quarter. Allworth Financial LP increased its position in shares of Hershey by 0.9% during the first quarter. Allworth Financial LP now owns 7,189 shares of the company’s stock worth $1,179,000 after acquiring an additional 67 shares during the last quarter. Finally, UNIVEST FINANCIAL Corp increased its position in shares of Hershey by 1.5% during the fourth quarter. UNIVEST FINANCIAL Corp now owns 4,500 shares of the company’s stock worth $762,000 after acquiring an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.
Insider Buying and Selling
In other news, CAO Jennifer Mccalman sold 974 shares of the firm’s stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $157.11, for a total transaction of $153,025.14. Following the completion of the sale, the chief accounting officer now owns 2,994 shares of the company’s stock, valued at approximately $470,387.34. This trade represents a 24.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.34% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on HSY shares. Sanford C. Bernstein boosted their price objective on shares of Hershey from $147.00 to $155.00 and gave the company a “market perform” rating in a research report on Friday, May 2nd. UBS Group lowered their target price on shares of Hershey from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Friday, May 2nd. Stifel Nicolaus reduced their price target on Hershey from $170.00 to $160.00 and set a “hold” rating on the stock in a research note on Friday, February 7th. Bernstein Bank lowered their price objective on Hershey from $177.00 to $146.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company increased their target price on Hershey from $125.00 to $132.00 and gave the stock an “underweight” rating in a research report on Friday, March 14th. Five research analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $158.84.
Check Out Our Latest Report on Hershey
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.
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.
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