Hershey Co (NYSE:HSY) Director Pamela M. Arway sold 371 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $145.48, for a total transaction of $53,973.08. Following the sale, the director now owns 15,986 shares in the company, valued at $2,325,643.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Hershey stock opened at $146.57 on Friday. The company has a market cap of $30.55 billion, a P/E ratio of 27.35, a price-to-earnings-growth ratio of 3.40 and a beta of 0.05. Hershey Co has a 1-year low of $100.80 and a 1-year high of $162.20. The company has a fifty day simple moving average of $147.24 and a 200 day simple moving average of $148.81. The company has a current ratio of 0.80, a quick ratio of 0.47 and a debt-to-equity ratio of 1.64.
Hershey (NYSE:HSY) last released its earnings results on Thursday, October 24th. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.01. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.12 billion. Hershey had a net margin of 16.18% and a return on equity of 77.39%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.55 earnings per share. On average, equities research analysts forecast that Hershey Co will post 5.73 EPS for the current year.
A number of brokerages recently commented on HSY. Bank of America lowered shares of Hershey from a “buy” rating to a “neutral” rating and set a $155.00 price objective on the stock. in a report on Friday, December 20th. They noted that the move was a valuation call. Deutsche Bank started coverage on shares of Hershey in a research report on Wednesday, December 11th. They issued a “hold” rating and a $155.00 target price for the company. Royal Bank of Canada started coverage on shares of Hershey in a research report on Thursday, October 17th. They issued a “sector perform” rating and a $158.00 target price for the company. UBS Group set a $147.00 target price on shares of Hershey and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, ValuEngine downgraded shares of Hershey from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $146.27.
Institutional investors and hedge funds have recently made changes to their positions in the company. Prime Capital Investment Advisors LLC bought a new position in shares of Hershey in the 3rd quarter valued at about $28,000. Country Trust Bank bought a new stake in shares of Hershey during the 3rd quarter worth about $30,000. Adirondack Trust Co. bought a new stake in shares of Hershey during the 3rd quarter worth about $31,000. Eii Capital Management Inc. bought a new stake in shares of Hershey during the 3rd quarter worth about $31,000. Finally, Evoke Wealth LLC bought a new stake in shares of Hershey during the 3rd quarter worth about $39,000. 53.38% of the stock is owned by institutional investors.
About Hershey
The Hershey Company, together with its subsidiaries, manufactures and sells confectionery products. The company operates through two segments, North America; and International and Other. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products comprising mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items, including spreads, meat snacks, bars and snack bites, mixes, popcorn and protein bars, and cookies.
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