Shares of The Hershey Company (NYSE:HSY – Get Rating) have been assigned a consensus rating of “Moderate Buy” from the fifteen research firms that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $219.00.
Several brokerages have recently issued reports on HSY. Mizuho lifted their price objective on shares of Hershey from $200.00 to $210.00 in a research note on Friday, April 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Hershey from $210.00 to $218.00 in a research note on Friday, April 29th. BMO Capital Markets lifted their price objective on shares of Hershey from $215.00 to $255.00 in a research note on Friday, April 29th. UBS Group initiated coverage on shares of Hershey in a report on Wednesday, March 30th. They issued a “neutral” rating and a $226.00 target price for the company. Finally, StockNews.com upgraded shares of Hershey from a “hold” rating to a “buy” rating in a report on Saturday, May 7th.
In other news, CAO Jennifer Mccalman sold 173 shares of Hershey stock in a transaction that occurred on Thursday, March 24th. The shares were sold at an average price of $209.06, for a total value of $36,167.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michele Buck sold 5,000 shares of the business’s stock in a transaction 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 in the company, valued at approximately $43,403,432.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,503 shares of company stock worth $3,602,455. Insiders own 0.34% of the company’s stock.
Hershey stock opened at $215.07 on Wednesday. The stock has a market cap of $326.80 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 3.35 and a beta of 0.36. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of 1.40. The company’s 50-day moving average price is $217.14 and its two-hundred day moving average price is $206.93. Hershey has a 52 week low of $167.80 and a 52 week high of $231.60.
Hershey (NYSE:HSY – Get Rating) last released its earnings results on Thursday, April 28th. The company reported $2.53 EPS for the quarter, beating the consensus estimate of $2.10 by $0.43. The firm had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Hershey had a net margin of 17.29% and a return on equity of 61.65%. Hershey’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the company earned $1.92 EPS. Research analysts expect that Hershey will post 8.03 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Friday, May 20th were given a dividend of $0.901 per share. This represents a $3.60 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Thursday, May 19th. Hershey’s payout ratio is presently 46.27%.
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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