The Hershey Company (NYSE:HSY) CAO Jennifer Mccalman Sells 95 Shares

The Hershey Company (NYSE:HSYGet Rating) CAO Jennifer Mccalman sold 95 shares of the firm’s stock in a transaction that occurred on Tuesday, April 12th. The shares were sold at an average price of $223.80, for a total value of $21,261.00. Following the completion of the sale, the chief accounting officer now directly owns 2,013 shares in the company, valued at $450,509.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Jennifer Mccalman also recently made the following trade(s):

  • On Thursday, March 24th, Jennifer Mccalman sold 173 shares of Hershey stock. The shares were sold at an average price of $209.06, for a total value of $36,167.38.

Hershey stock traded down $0.44 during midday trading on Wednesday, hitting $225.58. 837,851 shares of the stock were exchanged, compared to its average volume of 1,054,653. The Hershey Company has a fifty-two week low of $156.87 and a fifty-two week high of $227.68. The stock has a market capitalization of $46.30 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 3.68 and a beta of 0.40. The stock’s 50-day simple moving average is $208.93 and its 200 day simple moving average is $193.09. The company has a current ratio of 0.90, a quick ratio of 0.50 and a debt-to-equity ratio of 1.48.

Hershey (NYSE:HSYGet Rating) last released its quarterly earnings data on Thursday, February 3rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.06. Hershey had a net margin of 16.47% and a return on equity of 60.73%. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period last year, the business earned $1.49 earnings per share. Hershey’s revenue was up 6.4% compared to the same quarter last year. Equities analysts anticipate that The Hershey Company will post 7.93 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Friday, February 18th were paid a dividend of $0.901 per share. This represents a $3.60 annualized dividend and a yield of 1.60%. The ex-dividend date was Thursday, February 17th. Hershey’s dividend payout ratio (DPR) is presently 50.63%.

Several analysts have commented on the company. StockNews.com assumed coverage on Hershey in a report on Thursday, March 31st. They issued a “hold” rating on the stock. BMO Capital Markets raised their price objective on Hershey from $190.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, February 4th. Royal Bank of Canada lifted their target price on shares of Hershey from $197.00 to $214.00 and gave the stock an “outperform” rating in a research note on Monday, February 7th. The Goldman Sachs Group increased their target price on shares of Hershey from $221.00 to $227.00 and gave the company a “buy” rating in a research report on Friday, February 4th. Finally, Argus upgraded shares of Hershey from a “hold” rating to a “buy” rating and set a $224.00 target price for the company in a research report on Monday, February 7th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Hershey has an average rating of “Buy” and an average target price of $213.00.

Hedge funds have recently made changes to their positions in the business. O Dell Group LLC boosted its stake in Hershey by 109.8% during the fourth quarter. O Dell Group LLC now owns 128 shares of the company’s stock worth $25,000 after buying an additional 67 shares during the period. EverSource Wealth Advisors LLC purchased a new position in Hershey during the fourth quarter worth about $25,000. Northern Oak Wealth Management Inc. boosted its stake in Hershey by 55.0% during the fourth quarter. Northern Oak Wealth Management Inc. now owns 155 shares of the company’s stock worth $30,000 after buying an additional 55 shares during the period. Addison Advisors LLC purchased a new position in Hershey during the fourth quarter worth about $31,000. Finally, FSB Premier Wealth Management Inc. purchased a new position in Hershey during the fourth quarter worth about $31,000. 51.67% of the stock is owned by institutional investors.

About Hershey (Get Rating)

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; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, meat snacks, bars and snack bites, mixes, popcorn, and protein bars.

Further Reading

Insider Buying and Selling by Quarter for Hershey (NYSE:HSY)

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