Hershey (NYSE:HSY) Price Target Raised to $210.00

Hershey (NYSE:HSYGet Rating) had its price objective boosted by investment analysts at Mizuho from $200.00 to $210.00 in a note issued to investors on Friday, The Fly reports. Mizuho’s price target indicates a potential downside of 7.89% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Hershey from a “buy” rating to a “hold” rating and set a $210.00 price objective on the stock. in a research note on Monday, January 17th. Evercore ISI boosted their price objective on shares of Hershey from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, February 4th. UBS Group began coverage on shares of Hershey in a report on Wednesday, March 30th. They set a “neutral” rating and a $226.00 target price for the company. Morgan Stanley upped their target price on shares of Hershey from $191.00 to $207.00 and gave the company an “equal weight” rating in a report on Friday, February 4th. Finally, Argus upgraded shares of Hershey from a “hold” rating to a “buy” rating and set a $224.00 price target for the company in a research report on Monday, February 7th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Hershey presently has a consensus rating of “Buy” and an average price target of $214.20.

Hershey stock opened at $227.98 on Friday. The stock has a market cap of $46.79 billion, a P/E ratio of 32.06, a price-to-earnings-growth ratio of 3.76 and a beta of 0.40. The firm’s fifty day moving average price is $214.19 and its 200-day moving average price is $197.28. Hershey has a fifty-two week low of $159.51 and a fifty-two week high of $231.60. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.50 and a current ratio of 0.90.

Hershey (NYSE:HSYGet Rating) last released its quarterly earnings data on Thursday, April 28th. The company reported $2.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.43. Hershey had a net margin of 16.47% and a return on equity of 60.73%. The firm had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the previous year, the company earned $1.92 earnings per share. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. On average, analysts predict that Hershey will post 7.93 earnings per share for the current year.

In other news, SVP Jason Reiman sold 150 shares of Hershey stock in a transaction that occurred on Monday, February 7th. The shares were sold at an average price of $205.08, for a total transaction of $30,762.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michele Buck sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 7th. The stock was sold at an average price of $221.95, for a total transaction of $1,109,750.00. Following the transaction, the chief executive officer now directly owns 195,555 shares of the company’s stock, valued at $43,403,432.25. The disclosure for this sale can be found here. Insiders sold 1,012,785 shares of company stock valued at $206,063,291 over the last ninety days. 0.32% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of HSY. Boston Trust Walden Corp grew its position in shares of Hershey by 4.5% during the 4th quarter. Boston Trust Walden Corp now owns 137,002 shares of the company’s stock valued at $26,506,000 after buying an additional 5,915 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Hershey by 5.2% in the 3rd quarter. Wellington Management Group LLP now owns 34,065 shares of the company’s stock valued at $5,766,000 after acquiring an additional 1,687 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Hershey by 33.1% in the 3rd quarter. Alliancebernstein L.P. now owns 284,346 shares of the company’s stock valued at $48,126,000 after acquiring an additional 70,679 shares in the last quarter. JLB & Associates Inc. acquired a new position in Hershey in the 3rd quarter valued at approximately $1,471,000. Finally, Moors & Cabot Inc. increased its stake in Hershey by 12.0% in the 3rd quarter. Moors & Cabot Inc. now owns 7,595 shares of the company’s stock valued at $1,285,000 after buying an additional 815 shares during the period. Hedge funds and other institutional investors own 51.67% of the company’s stock.

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.

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