Royal Bank Of Canada reiterated their hold rating on shares of Hershey Company (The) (NYSE:HSY) in a research report released on Friday morning. They currently have a $114.00 price target on the stock.
HSY has been the topic of several other research reports. Deutsche Bank AG dropped their price objective on shares of Hershey Company (The) from $117.00 to $114.00 and set a hold rating on the stock in a research note on Friday, April 28th. Credit Suisse Group AG reiterated an outperform rating on shares of Hershey Company (The) in a research note on Sunday, April 23rd. J P Morgan Chase & Co reiterated a neutral rating and issued a $116.00 price objective (down previously from $119.00) on shares of Hershey Company (The) in a research note on Wednesday, June 28th. BidaskClub lowered shares of Hershey Company (The) from a buy rating to a hold rating in a research note on Tuesday, June 27th. Finally, Zacks Investment Research lowered shares of Hershey Company (The) from a buy rating to a hold rating in a research note on Wednesday, April 5th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $108.96.
Shares of Hershey Company (NYSE:HSY) traded up 0.10% during mid-day trading on Friday, hitting $106.39. 751,211 shares of the stock traded hands. Hershey Company has a 52 week low of $94.03 and a 52 week high of $116.49. The stock has a 50-day moving average of $109.85 and a 200-day moving average of $108.50. The company has a market cap of $22.64 billion, a price-to-earnings ratio of 37.24 and a beta of 0.38.
Hershey Company (The) (NYSE:HSY) last released its quarterly earnings data on Wednesday, April 26th. The company reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.05. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.89 billion. Hershey Company (The) had a net margin of 8.21% and a return on equity of 117.02%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.10 EPS. Analysts anticipate that Hershey Company will post $4.80 EPS for the current year.
In other Hershey Company (The) news, SVP Terence L. O’day sold 37,875 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $113.88, for a total value of $4,313,205.00. Following the completion of the sale, the senior vice president now owns 75,303 shares in the company, valued at approximately $8,575,505.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David L. Shedlarz sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $115.45, for a total transaction of $519,525.00. Following the completion of the sale, the director now owns 15,342 shares of the company’s stock, valued at approximately $1,771,233.90. The disclosure for this sale can be found here. Insiders sold a total of 107,193 shares of company stock valued at $12,149,738 in the last 90 days. Corporate insiders own 0.92% of the company’s stock.
Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of Hershey Company (The) by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 292,776 shares of the company’s stock valued at $30,283,000 after buying an additional 4,337 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Hershey Company (The) during the fourth quarter valued at approximately $3,769,000. Teachers Advisors LLC boosted its stake in shares of Hershey Company (The) by 73.7% in the fourth quarter. Teachers Advisors LLC now owns 414,428 shares of the company’s stock valued at $42,864,000 after buying an additional 175,805 shares in the last quarter. Kentucky Retirement Systems acquired a new stake in shares of Hershey Company (The) during the fourth quarter valued at approximately $1,047,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Hershey Company (The) during the fourth quarter valued at approximately $467,000. Institutional investors own 51.09% of the company’s stock.
About Hershey Company (The)
The Hershey Company is a producer of chocolate in North America. The Company’s principal product offerings include chocolate and non-chocolate confectionery products; gum and mint refreshment products; pantry items, such as baking ingredients and beverages, and snack items, such as spreads, meat snacks, bars and snack bites and mixes.
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