Hershey (NYSE:HSY - Free Report) had its target price lifted by Wells Fargo & Company from $125.00 to $132.00 in a research note released on Friday morning,Benzinga reports. They currently have an underweight rating on the stock.
HSY has been the topic of a number of other research reports. Citigroup raised shares of Hershey from a "sell" rating to a "neutral" rating and decreased their target price for the company from $159.00 to $154.00 in a research report on Friday, February 7th. Piper Sandler cut shares of Hershey from a "neutral" rating to an "underweight" rating and decreased their target price for the company from $153.00 to $120.00 in a research report on Friday, January 31st. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $178.00 target price on shares of Hershey in a research report on Monday, February 3rd. Stifel Nicolaus cut their price target on shares of Hershey from $170.00 to $160.00 and set a "hold" rating on the stock in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. cut their price target on shares of Hershey from $171.00 to $151.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Five research analysts have rated the stock with a sell rating and sixteen have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $163.75.
Get Our Latest Report on HSY
Hershey Trading Down 0.7 %
Shares of HSY stock traded down $1.23 on Friday, hitting $169.26. 991,855 shares of the stock traded hands, compared to its average volume of 1,759,075. The firm's 50-day moving average price is $162.22 and its two-hundred day moving average price is $175.60. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.64 and a current ratio of 0.96. The stock has a market capitalization of $34.26 billion, a PE ratio of 15.53, a PEG ratio of 5.90 and a beta of 0.32. Hershey has a twelve month low of $140.13 and a twelve month high of $211.92.
Hershey (NYSE:HSY - Get Free Report) last posted its 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 net margin of 19.83% and a return on equity of 44.77%. As a group, analysts anticipate that Hershey will post 6.12 EPS for the current year.
Hershey Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 17th were given a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend was Friday, February 14th. Hershey's payout ratio is 50.28%.
Insider Transactions at Hershey
In other Hershey news, CAO Jennifer Mccalman sold 278 shares of the firm's stock in a transaction that occurred 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 sale, the chief accounting officer now owns 2,682 shares of the company's stock, valued at $396,936. This trade represents a 9.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.34% of the company's stock.
Institutional Trading of Hershey
Institutional investors and hedge funds have recently bought and sold shares of the stock. Ashton Thomas Securities LLC acquired a new stake in shares of Hershey in the 3rd quarter valued at about $25,000. Nations Financial Group Inc. IA ADV bought a new stake in Hershey in the 3rd quarter worth approximately $251,000. Ashton Thomas Private Wealth LLC lifted its stake in Hershey by 10.0% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 2,260 shares of the company's stock worth $434,000 after purchasing an additional 206 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Hershey by 62.4% during the 3rd quarter. Victory Capital Management Inc. now owns 160,807 shares of the company's stock valued at $30,840,000 after purchasing an additional 61,765 shares during the last quarter. Finally, KBC Group NV lifted its position in Hershey by 5.9% during the third quarter. KBC Group NV now owns 54,701 shares of the company's stock valued at $10,490,000 after acquiring an additional 3,071 shares during the last quarter. Institutional investors own 57.96% of the company's stock.
About Hershey
(
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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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