The Hershey Company (NYSE:HSY – Get Rating) has earned an average rating of “Buy” from the sixteen ratings firms that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $218.40.
A number of analysts have recently commented on HSY shares. Deutsche Bank Aktiengesellschaft boosted their price target on Hershey from $210.00 to $218.00 in a research report on Friday. The Goldman Sachs Group boosted their price target on Hershey from $221.00 to $227.00 and gave the stock a “buy” rating in a research report on Friday, February 4th. Stifel Nicolaus boosted their price target on Hershey from $190.00 to $200.00 and gave the stock a “hold” rating in a research report on Friday, February 4th. BMO Capital Markets boosted their price target on Hershey from $215.00 to $255.00 in a research report on Friday. Finally, Royal Bank of Canada boosted their price target on Hershey from $214.00 to $237.00 in a research report on Friday.
Shares of HSY stock opened at $217.53 on Tuesday. The company’s fifty day moving average price is $214.96 and its 200-day moving average price is $198.10. The stock has a market cap of $44.65 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 3.70 and a beta of 0.40. 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 has a 12 month low of $164.27 and a 12 month high of $231.60.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Friday, May 20th will be issued a dividend of $0.901 per share. The ex-dividend date of this dividend is Thursday, May 19th. This represents a $3.60 annualized dividend and a dividend yield of 1.66%. Hershey’s payout ratio is 46.27%.
In other news, SVP Jason Reiman sold 150 shares of the company’s stock in a transaction on Thursday, April 7th. The stock was sold at an average price of $221.95, for a total value of $33,292.50. Following the completion of the sale, the senior vice president now directly owns 16,617 shares in the company, valued at approximately $3,688,143.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jennifer Mccalman sold 173 shares of the company’s stock in a transaction on Thursday, March 24th. The stock was sold at an average price of $209.06, for a total value of $36,167.38. The disclosure for this sale can be found here. Insiders have sold a total of 1,012,785 shares of company stock worth $206,063,291 over the last three months. Insiders own 0.34% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Norges Bank bought a new position in shares of Hershey in the fourth quarter worth about $231,591,000. Allspring Global Investments Holdings LLC bought a new stake in Hershey during the 4th quarter valued at approximately $99,744,000. Skandinaviska Enskilda Banken AB publ raised its stake in Hershey by 119.9% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 679,522 shares of the company’s stock valued at $115,009,000 after purchasing an additional 370,564 shares during the period. Millennium Management LLC raised its stake in Hershey by 105.2% during the 4th quarter. Millennium Management LLC now owns 624,565 shares of the company’s stock valued at $120,835,000 after purchasing an additional 320,233 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in Hershey by 143.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 463,828 shares of the company’s stock valued at $78,503,000 after purchasing an additional 273,395 shares during the period. Hedge funds and other institutional investors own 52.96% of the company’s stock.
Hershey Company Profile (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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