Rep. Marjorie Taylor Greene Purchases Shares of The Hershey Company (NYSE:HSY)

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 Trading Down 2.6 %

NYSE:HSY opened at $149.80 on Wednesday. The company has a 50 day simple moving average of $168.80 and a two-hundred day simple moving average of $183.01. The company has a market cap of $30.31 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 4.28 and a beta of 0.38. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.76. The Hershey Company has a 12 month low of $147.60 and a 12 month high of $211.92.

Hershey Dividend Announcement

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

Institutional Investors Weigh In On Hershey

Several hedge funds have recently modified their holdings of HSY. Tevis Investment Management purchased a new position in Hershey during the fourth quarter worth approximately $653,000. Stephens Inc. AR lifted its stake in Hershey by 278.9% in the 4th quarter. Stephens Inc. AR now owns 36,110 shares of the company’s stock valued at $6,115,000 after buying an additional 26,581 shares in the last quarter. Benedict Financial Advisors Inc. raised its stake in Hershey by 1.3% in the 4th quarter. Benedict Financial Advisors Inc. now owns 28,088 shares of the company’s stock valued at $4,757,000 after purchasing an additional 367 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Hershey by 42.6% in the fourth quarter. Empowered Funds LLC now owns 36,972 shares of the company’s stock worth $6,261,000 after buying an additional 11,053 shares in the last quarter. Finally, Moloney Securities Asset Management LLC lifted its stake in Hershey by 55.1% in the 4th quarter. Moloney Securities Asset Management LLC now owns 5,492 shares of the company’s stock worth $930,000 after purchasing an additional 1,952 shares in the last quarter. 57.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HSY. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Hershey from $184.00 to $148.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. Redburn Atlantic began coverage on shares of Hershey in a research report on Tuesday, October 22nd. They set a “sell” rating and a $165.00 price objective on the stock. Wells Fargo & Company dropped their price target on shares of Hershey from $150.00 to $140.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. Sanford C. Bernstein lowered shares of Hershey from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $230.00 to $205.00 in a research report on Monday, October 7th. Finally, Mizuho reduced their target price on Hershey from $195.00 to $170.00 and set a “neutral” rating on the stock in a research note on Monday, December 23rd. Six investment analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $171.79.

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.