Hershey Co (NYSE:HSY) CEO Michele Buck sold 1,500 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $138.57, for a total value of $207,855.00. Following the sale, the chief executive officer now owns 158,429 shares in the company, valued at approximately $21,953,506.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Michele Buck also recently made the following trade(s):
- On Monday, June 10th, Michele Buck sold 1,500 shares of Hershey stock. The stock was sold at an average price of $138.01, for a total value of $207,015.00.
- On Friday, May 31st, Michele Buck sold 6,000 shares of Hershey stock. The stock was sold at an average price of $129.14, for a total value of $774,840.00.
- On Monday, April 22nd, Michele Buck sold 1,500 shares of Hershey stock. The stock was sold at an average price of $117.00, for a total value of $175,500.00.
Shares of NYSE HSY opened at $137.17 on Friday. The firm has a 50 day moving average price of $135.64. The stock has a market capitalization of $28.62 billion, a price-to-earnings ratio of 25.59, a P/E/G ratio of 3.01 and a beta of 0.11. Hershey Co has a 52 week low of $90.52 and a 52 week high of $139.34. The company has a current ratio of 0.92, a quick ratio of 0.59 and a debt-to-equity ratio of 2.27.
Hershey (NYSE:HSY) last issued its earnings results on Thursday, April 25th. The company reported $1.59 EPS for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.11. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2 billion. Hershey had a return on equity of 90.64% and a net margin of 14.44%. Hershey’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.41 earnings per share. As a group, sell-side analysts anticipate that Hershey Co will post 5.7 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 24th were given a $0.722 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $2.89 dividend on an annualized basis and a yield of 2.11%. Hershey’s dividend payout ratio is currently 53.92%.
A number of equities research analysts have recently weighed in on the company. BMO Capital Markets set a $32.00 price target on Axalta Coating Systems and gave the stock a “hold” rating in a research note on Friday, April 26th. Bank of America dropped their target price on Canopy Growth from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, June 19th. Barclays set a $46.00 target price on D. R. Horton and gave the company a “buy” rating in a research report on Friday, April 26th. Evercore ISI started coverage on Mondelez International in a research report on Tuesday, June 11th. They issued an “outperform” rating and a $62.00 target price on the stock. Finally, UBS Group reiterated a “hold” rating and issued a $7.80 target price on shares of Deutsche Bank in a research report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $120.00.
A number of institutional investors have recently added to or reduced their stakes in the business. Raymond James & Associates boosted its position in shares of Hershey by 26.1% during the 4th quarter. Raymond James & Associates now owns 56,621 shares of the company’s stock worth $6,069,000 after acquiring an additional 11,702 shares in the last quarter. Commonwealth Bank of Australia boosted its position in shares of Hershey by 11.4% during the 4th quarter. Commonwealth Bank of Australia now owns 19,758 shares of the company’s stock worth $2,112,000 after acquiring an additional 2,022 shares in the last quarter. United Services Automobile Association boosted its position in shares of Hershey by 0.6% during the 4th quarter. United Services Automobile Association now owns 47,030 shares of the company’s stock worth $5,041,000 after acquiring an additional 269 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Hershey by 23.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 634,859 shares of the company’s stock worth $68,042,000 after acquiring an additional 120,051 shares in the last quarter. Finally, Natixis Advisors L.P. boosted its position in shares of Hershey by 53.9% during the 4th quarter. Natixis Advisors L.P. now owns 21,307 shares of the company’s stock worth $2,284,000 after acquiring an additional 7,464 shares in the last quarter. Institutional investors and hedge funds own 53.51% of the company’s stock.
The Hershey Company, together with its subsidiaries, manufactures and sells confectionery products. The company operates through two segments, North America; and International and Other. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products comprising mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items, including spreads, meat snacks, bars and snack bites, mixes, popcorn and protein bars, and cookies.
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