Rep. Robert Bresnahan, Jr. Buys The Hershey Company (NYSE:HSY) Shares

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 Hershey Company has a 12-month low of $140.13 and a 12-month high of $211.92. 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 50 day moving average of $164.03 and a 200-day moving average of $174.04. The firm has a market cap of $34.38 billion, a P/E ratio of 15.58, a PEG ratio of 5.90 and a beta of 0.32.

Hershey (NYSE:HSY) last issued its quarterly earnings results on Thursday, February 6th. The company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.29. Hershey had a return on equity of 44.77% and a net margin of 19.83%. Sell-side analysts anticipate that The Hershey Company will post 6.12 earnings per share for the current year.

Hershey Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 of this dividend was Friday, February 14th. Hershey’s dividend payout ratio is currently 50.28%.

Insider Activity

In other news, CAO Jennifer Mccalman sold 278 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $148.00, for a total value of $41,144.00. Following the completion of the transaction, the chief accounting officer now owns 2,682 shares in the company, valued at $396,936. The trade was a 9.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HSY shares. Citigroup upgraded shares of Hershey from a “sell” rating to a “neutral” rating and cut their target price for the stock from $159.00 to $154.00 in a research report on Friday, February 7th. Barclays cut their price target on Hershey from $170.00 to $160.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Morgan Stanley began coverage on shares of Hershey in a research note on Monday, March 24th. They set an “equal weight” rating and a $183.00 price objective for the company. TD Cowen lowered their price target on Hershey from $190.00 to $172.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Finally, Mizuho reduced their price objective on Hershey from $170.00 to $140.00 in a research report on Wednesday, February 5th. Five research analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the company. According to data from MarketBeat.com, Hershey has an average rating of “Hold” and an average target price of $162.50.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Capital International Investors increased its holdings in shares of Hershey by 31.4% during the fourth quarter. Capital International Investors now owns 12,460,147 shares of the company’s stock valued at $2,110,126,000 after acquiring an additional 2,980,997 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Hershey during the 4th quarter valued at about $80,978,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Hershey by 38.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,628,047 shares of the company’s stock valued at $275,710,000 after purchasing an additional 453,428 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Hershey by 66.7% in the third quarter. Principal Financial Group Inc. now owns 972,836 shares of the company’s stock worth $186,571,000 after buying an additional 389,404 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Hershey by 5.8% in the third quarter. State Street Corp now owns 7,029,551 shares of the company’s stock worth $1,348,127,000 after buying an additional 386,670 shares in the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

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.