The Hershey Company (NYSE:HSY - Get Free Report) CAO Jennifer Mccalman sold 278 shares of the firm'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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Hershey Stock Down 2.0 %
Shares of HSY traded down $3.01 during midday trading on Tuesday, hitting $144.78. 2,160,367 shares of the company's stock traded hands, compared to its average volume of 1,910,191. The Hershey Company has a 1 year low of $143.95 and a 1 year high of $211.92. 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 stock has a market capitalization of $29.30 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 4.30 and a beta of 0.38. The firm's fifty day moving average is $166.37 and its 200-day moving average is $181.55.
Hershey Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, November 18th were paid a $1.37 dividend. The ex-dividend date was Monday, November 18th. This represents a $5.48 annualized dividend and a dividend yield of 3.79%. Hershey's dividend payout ratio (DPR) is 63.13%.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the stock. Bank of America restated a "neutral" rating and set a $180.00 price target on shares of Hershey in a research note on Thursday, December 12th. Royal Bank of Canada reissued a "sector perform" rating and set a $178.00 price target on shares of Hershey in a report on Monday. Sanford C. Bernstein downgraded Hershey from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $230.00 to $205.00 in a research report on Monday, October 7th. Barclays cut their price target on shares of Hershey from $180.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Friday, January 17th. Finally, Piper Sandler lowered 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. Seven research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $169.79.
Read Our Latest Research Report on HSY
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Ashton Thomas Securities LLC acquired a new position in shares of Hershey in the 3rd quarter valued at approximately $25,000. Grove Bank & Trust lifted its stake in shares of Hershey by 248.0% in the 4th quarter. Grove Bank & Trust now owns 174 shares of the company's stock valued at $29,000 after purchasing an additional 124 shares during the period. Peterson Financial Group Inc. bought a new position in Hershey in the third quarter valued at $46,000. Future Financial Wealth Managment LLC bought a new stake in shares of Hershey in the third quarter valued at about $48,000. Finally, ST Germain D J Co. Inc. raised its position in Hershey by 61.7% in the fourth quarter. ST Germain D J Co. Inc. now owns 262 shares of the company's stock valued at $44,000 after purchasing an additional 100 shares during the last quarter. 57.96% of the stock is currently owned by institutional investors and hedge funds.
Hershey Company Profile
(
Get Free Report)
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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