Hershey Co (NYSE:HSY) has been assigned a consensus recommendation of “Hold” from the fifteen brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $138.38.
Several research analysts have recently issued reports on HSY shares. BMO Capital Markets upped their target price on shares of Hershey to $133.00 and gave the company a “market perform” rating in a report on Friday, July 26th. Stifel Nicolaus upped their price objective on shares of Hershey from $132.00 to $145.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. ValuEngine upgraded shares of Hershey from a “hold” rating to a “buy” rating in a research report on Thursday, April 25th. Barclays upped their price objective on shares of Hershey from $103.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Finally, Zacks Investment Research downgraded shares of Hershey from a “buy” rating to a “hold” rating in a research report on Friday, May 17th.
In other Hershey news, Director Anthony J. Palmer sold 5,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $130.43, for a total transaction of $652,150.00. Following the sale, the director now directly owns 10,014 shares of the company’s stock, valued at approximately $1,306,126.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Todd W. Tillemans purchased 2,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were purchased at an average cost of $129.92 per share, for a total transaction of $259,840.00. Following the completion of the purchase, the insider now directly owns 15,773 shares in the company, valued at $2,049,228.16. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 3,100 shares of company stock worth $401,990 and have sold 1,278,949 shares worth $165,753,309. 0.41% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in HSY. American National Bank boosted its position in shares of Hershey by 1.4% in the second quarter. American National Bank now owns 5,251 shares of the company’s stock worth $704,000 after acquiring an additional 71 shares during the last quarter. Tdam USA Inc. boosted its position in shares of Hershey by 2.7% in the second quarter. Tdam USA Inc. now owns 2,753 shares of the company’s stock worth $369,000 after acquiring an additional 73 shares during the last quarter. Cornerstone Advisors Inc. boosted its position in shares of Hershey by 37.3% in the first quarter. Cornerstone Advisors Inc. now owns 302 shares of the company’s stock worth $35,000 after acquiring an additional 82 shares during the last quarter. Securian Asset Management Inc boosted its position in shares of Hershey by 0.6% in the second quarter. Securian Asset Management Inc now owns 14,449 shares of the company’s stock worth $1,937,000 after acquiring an additional 82 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its position in shares of Hershey by 25.2% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 417 shares of the company’s stock worth $48,000 after acquiring an additional 84 shares during the last quarter. 53.89% of the stock is currently owned by institutional investors.
NYSE HSY traded down $3.00 on Wednesday, hitting $152.36. 673,595 shares of the stock were exchanged, compared to its average volume of 1,244,285. The company has a current ratio of 0.88, a quick ratio of 0.48 and a debt-to-equity ratio of 1.71. Hershey has a fifty-two week low of $98.01 and a fifty-two week high of $156.69. The firm has a market cap of $32.56 billion, a P/E ratio of 28.43, a PEG ratio of 3.38 and a beta of 0.09. The firm has a 50-day simple moving average of $145.09.
Hershey (NYSE:HSY) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.18 by $0.13. Hershey had a net margin of 15.51% and a return on equity of 83.29%. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the business posted $1.14 EPS. The firm’s revenue was up .9% on a year-over-year basis. Analysts forecast that Hershey will post 5.74 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 23rd will be paid a dividend of $0.773 per share. This is a boost from Hershey’s previous quarterly dividend of $0.72. This represents a $3.09 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, August 22nd. Hershey’s dividend payout ratio (DPR) is currently 53.92%.
Hershey Company Profile
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.
Further Reading: Hedge Funds Explained
Receive News & Ratings for Hershey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hershey and related companies with MarketBeat.com's FREE daily email newsletter.