TD Cowen Has Lowered Expectations for Hershey (NYSE:HSY) Stock Price

Hershey (NYSE:HSY - Get Free Report) had its target price decreased by TD Cowen from $190.00 to $172.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a "hold" rating on the stock. TD Cowen's price target indicates a potential upside of 5.84% from the company's current price.

A number of other brokerages have also issued reports on HSY. Mizuho lowered their target price on shares of Hershey from $195.00 to $170.00 and set a "neutral" rating on the stock in a research report on Monday, December 23rd. Wells Fargo & Company lowered their price objective on shares of Hershey from $160.00 to $150.00 and set an "underweight" rating on the stock in a research report on Tuesday. Redburn Atlantic initiated coverage on shares of Hershey in a report on Tuesday, October 22nd. They issued a "sell" rating and a $165.00 target price for the company. Citigroup lowered their price target on Hershey from $165.00 to $159.00 and set a "sell" rating on the stock in a report on Wednesday. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $183.00 price target on shares of Hershey in a research report on Tuesday, December 10th. Six analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $182.21.

Hershey Stock Performance

Shares of HSY traded down $3.01 during midday trading on Wednesday, reaching $162.51. 2,833,448 shares of the stock were exchanged, compared to its average volume of 1,464,213. The company has a market capitalization of $32.88 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 4.38 and a beta of 0.38. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.85 and a quick ratio of 0.54. Hershey has a twelve month low of $159.87 and a twelve month high of $211.92. The business's 50-day moving average price is $175.13 and its 200 day moving average price is $185.94.

Hedge Funds Weigh In On Hershey

Several hedge funds have recently bought and sold shares of HSY. International Assets Investment Management LLC raised its stake in shares of Hershey by 30,461.7% during the 3rd quarter. International Assets Investment Management LLC now owns 573,643 shares of the company's stock worth $1,100,130,000 after buying an additional 571,766 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Hershey during the 2nd quarter valued at about $82,123,000. Principal Financial Group Inc. raised its position in Hershey by 66.7% during the third quarter. Principal Financial Group Inc. now owns 972,836 shares of the company's stock worth $186,571,000 after acquiring an additional 389,404 shares during the last quarter. State Street Corp lifted its holdings 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 valued at $1,348,127,000 after purchasing an additional 386,670 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in shares of Hershey by 1,194.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 249,347 shares of the company's stock valued at $45,837,000 after purchasing an additional 230,077 shares during the last quarter. 57.96% of the stock is owned by hedge funds and other institutional investors.

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.