The Hershey Company (NYSE:HSY) Given Average Recommendation of “Hold” by Brokerages

Shares of The Hershey Company (NYSE:HSYGet Free Report) have received a consensus rating of “Hold” from the eighteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $209.67.

Several equities research analysts have recently issued reports on HSY shares. Barclays decreased their price objective on shares of Hershey from $210.00 to $204.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 18th. Piper Sandler reiterated a “neutral” rating and set a $179.00 price target on shares of Hershey in a research note on Friday, June 21st. Citigroup cut their price target on shares of Hershey from $213.00 to $199.00 and set a “neutral” rating on the stock in a research note on Thursday, April 11th. Wells Fargo & Company cut their price target on shares of Hershey from $205.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Friday, June 21st. Finally, Bank of America cut their price target on shares of Hershey from $210.00 to $200.00 and set a “neutral” rating on the stock in a research note on Wednesday.

Read Our Latest Research Report on HSY

Insider Buying and Selling

In related news, CFO Steven E. Voskuil sold 1,500 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $204.54, for a total transaction of $306,810.00. Following the sale, the chief financial officer now owns 37,228 shares of the company’s stock, valued at $7,614,615.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 4,500 shares of company stock valued at $859,950. Corporate insiders own 0.29% of the company’s stock.

Institutional Trading of Hershey

A number of institutional investors have recently added to or reduced their stakes in HSY. BKM Wealth Management LLC purchased a new stake in shares of Hershey in the fourth quarter valued at about $26,000. First Financial Corp IN purchased a new stake in shares of Hershey in the fourth quarter valued at about $29,000. Riverview Trust Co purchased a new stake in shares of Hershey in the first quarter valued at about $29,000. Highlander Capital Management LLC lifted its holdings in shares of Hershey by 125.3% in the fourth quarter. Highlander Capital Management LLC now owns 169 shares of the company’s stock valued at $32,000 after purchasing an additional 94 shares in the last quarter. Finally, Rakuten Securities Inc. purchased a new stake in shares of Hershey in the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Hershey Stock Performance

Shares of HSY stock opened at $185.68 on Thursday. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 0.92. Hershey has a 52 week low of $178.82 and a 52 week high of $248.93. The stock has a market capitalization of $37.55 billion, a PE ratio of 18.40, a P/E/G ratio of 4.14 and a beta of 0.36. The firm has a 50 day moving average of $193.37 and a two-hundred day moving average of $192.25.

Hershey (NYSE:HSYGet Free Report) last issued its quarterly earnings results on Friday, May 3rd. The company reported $3.07 EPS for the quarter, beating the consensus estimate of $2.74 by $0.33. Hershey had a net margin of 18.13% and a return on equity of 50.15%. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter last year, the company posted $2.96 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. On average, research analysts predict that Hershey will post 9.59 EPS for the current fiscal year.

Hershey Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 17th were issued a $1.37 dividend. This represents a $5.48 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend was Thursday, May 16th. Hershey’s payout ratio is 54.31%.

Hershey Company Profile

(Get Free Report

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

Further Reading

Analyst Recommendations for Hershey (NYSE:HSY)

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