News articles about Hershey Company (The) (NYSE:HSY) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hershey Company (The) earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.7866690415986 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Are Discerning Investors Interested in These Shares: The Hershey Company (NYSE:HSY) and Zimmer Biomet … - FLBC News (flbcnews.com)
- ETFs with exposure to The Hershey Co. : August 14, 2017 (finance.yahoo.com)
- Financial Survey: Ingredion (INGR) & Hershey Company (The) (HSY) (americanbankingnews.com)
- Hs Management Partners, LLC Raises Its Stake in The Hershey Company (HSY) - Modern Readers (modernreaders.com)
- Former Transmar executives plead not guilty to U.S. fraud charges (reuters.com)
Shares of Hershey Company (NYSE HSY) traded down 0.04% on Tuesday, reaching $105.90. The company’s stock had a trading volume of 548,409 shares. The company has a 50 day moving average price of $105.91 and a 200 day moving average price of $108.59. Hershey Company has a 52-week low of $94.03 and a 52-week high of $116.49. The company has a market cap of $22.50 billion, a P/E ratio of 33.83 and a beta of 0.38.
Hershey Company (The) (NYSE:HSY) last released its quarterly earnings results on Wednesday, July 26th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.19. Hershey Company (The) had a return on equity of 119.66% and a net margin of 8.95%. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the business posted $0.85 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, analysts anticipate that Hershey Company will post $4.82 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be paid a $0.656 dividend. This is an increase from Hershey Company (The)’s previous quarterly dividend of $0.62. The ex-dividend date is Wednesday, August 23rd. This represents a $2.62 annualized dividend and a dividend yield of 2.48%. Hershey Company (The)’s dividend payout ratio (DPR) is currently 78.66%.
Several research analysts recently weighed in on HSY shares. Susquehanna Bancshares Inc set a $115.00 price target on Hershey Company (The) and gave the company a “hold” rating in a research report on Saturday, June 17th. Zacks Investment Research lowered Hershey Company (The) from a “buy” rating to a “sell” rating in a research report on Thursday, June 29th. Deutsche Bank AG dropped their price target on Hershey Company (The) from $117.00 to $114.00 and set a “hold” rating on the stock in a research report on Friday, April 28th. Royal Bank Of Canada reissued a “hold” rating and set a $114.00 price target on shares of Hershey Company (The) in a research report on Friday, July 21st. Finally, BidaskClub lowered Hershey Company (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. Hershey Company (The) currently has an average rating of “Hold” and an average target price of $109.14.
In related news, insider Michele Buck sold 400 shares of Hershey Company (The) stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $108.00, for a total value of $43,200.00. Following the sale, the insider now owns 166,097 shares of the company’s stock, valued at $17,938,476. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Terence L. O’day sold 37,875 shares of Hershey Company (The) 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 directly owns 75,303 shares in the company, valued at approximately $8,575,505.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 96,308 shares of company stock worth $10,982,947. 0.92% of the stock is owned by company insiders.
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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