The Hershey Company (NYSE:HSY) Receives Average Recommendation of “Hold” from Analysts

Shares of The Hershey Company (NYSE:HSYGet Free Report) have received a consensus rating of “Hold” from the eighteen brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $209.67.

Several equities research analysts have recently weighed in on the company. Citigroup reduced their price objective on Hershey from $213.00 to $199.00 and set a “neutral” rating for the company in a research report on Thursday, April 11th. Piper Sandler reissued a “neutral” rating and issued a $179.00 price objective on shares of Hershey in a research report on Friday. Wells Fargo & Company reduced their price objective on Hershey from $205.00 to $195.00 and set an “equal weight” rating for the company in a research report on Friday. Argus reduced their price objective on Hershey from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. Finally, BNP Paribas cut Hershey from an “outperform” rating to a “neutral” rating and set a $208.00 price objective for the company. in a research report on Tuesday, March 26th.

Get Our Latest Stock Analysis on Hershey

Hershey Trading Up 0.0 %

Shares of HSY stock opened at $182.09 on Friday. Hershey has a 12 month low of $178.82 and a 12 month high of $261.58. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 0.92. The business’s 50 day moving average is $194.13 and its two-hundred day moving average is $192.28. The company has a market cap of $36.82 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 4.07 and a beta of 0.37.

Hershey (NYSE:HSYGet Free Report) last announced 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 return on equity of 50.15% and a net margin of 18.13%. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter last year, the company posted $2.96 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. Equities analysts predict that Hershey will post 9.6 EPS for the current year.

Hershey Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 17th were paid a dividend of $1.37 per share. The ex-dividend date was Thursday, May 16th. This represents a $5.48 annualized dividend and a yield of 3.01%. Hershey’s dividend payout ratio is currently 54.31%.

Insiders Place Their Bets

In other Hershey news, CFO Steven E. Voskuil sold 1,500 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $185.83, for a total transaction of $278,745.00. Following the completion of the transaction, the chief financial officer now directly owns 38,728 shares in the company, valued at $7,196,824.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 4,500 shares of company stock worth $882,405 over the last three months. 0.34% of the stock is currently owned by corporate insiders.

Institutional Trading of Hershey

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Hershey by 14.2% in the first quarter. Vanguard Group Inc. now owns 17,341,721 shares of the company’s stock valued at $3,372,965,000 after buying an additional 2,158,912 shares in the last quarter. Norges Bank acquired a new stake in shares of Hershey in the fourth quarter valued at $349,448,000. Northern Trust Corp increased its stake in shares of Hershey by 2.0% in the third quarter. Northern Trust Corp now owns 1,779,549 shares of the company’s stock valued at $356,052,000 after buying an additional 35,393 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Hershey by 6.5% in the first quarter. Janus Henderson Group PLC now owns 1,487,565 shares of the company’s stock valued at $289,327,000 after buying an additional 90,329 shares in the last quarter. Finally, FMR LLC increased its position in Hershey by 0.7% in the third quarter. FMR LLC now owns 1,170,830 shares of the company’s stock worth $234,260,000 after purchasing an additional 8,344 shares during the period. 57.96% of the stock is currently owned by institutional investors and hedge funds.

About Hershey

(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.

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Analyst Recommendations for Hershey (NYSE:HSY)

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