News stories about Hershey (NYSE:HSY) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hershey earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.2276047810405 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Zacks: Brokerages Expect Hershey Co (HSY) Will Announce Earnings of $1.06 Per Share (americanbankingnews.com)
- A Sweet Scheme: How A 108-Year-Old Vision Makes Hershey Look Beyond Profit (finance.yahoo.com)
- Inside The Just 100: How We Measure Corporate Goodness (finance.yahoo.com)
- Comparing Bunge (BG) & Hershey (HSY) (americanbankingnews.com)
- Hershey (HSY) versus Kraft Heinz (KHC) Financial Contrast (americanbankingnews.com)
A number of research firms have weighed in on HSY. Susquehanna Bancshares set a $113.00 price objective on Hershey and gave the stock a “hold” rating in a research note on Thursday, December 7th. Sanford C. Bernstein raised Hershey from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $109.00 to $127.00 in a research note on Thursday, August 17th. Zacks Investment Research raised Hershey from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a research note on Monday, October 2nd. UBS lowered their price objective on Hershey from $110.00 to $106.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th. Finally, Citigroup boosted their price objective on Hershey from $126.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $113.35.
Hershey (NYSE:HSY) last announced its quarterly earnings results on Thursday, October 26th. The company reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.04. Hershey had a return on equity of 124.06% and a net margin of 9.52%. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the company posted $1.29 EPS. The company’s quarterly revenue was up 1.5% on a year-over-year basis. research analysts expect that Hershey will post 4.8 earnings per share for the current year.
Hershey declared that its Board of Directors has approved a stock buyback plan on Thursday, October 26th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 22nd will be paid a $0.656 dividend. This represents a $2.62 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Tuesday, November 21st. Hershey’s dividend payout ratio (DPR) is presently 77.98%.
In related news, insider Michele Buck sold 400 shares of the stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $108.00, for a total transaction of $43,200.00. Following the transaction, the insider now owns 165,297 shares of the company’s stock, valued at approximately $17,852,076. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP D Michael Wege sold 1,100 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $109.43, for a total value of $120,373.00. Following the transaction, the senior vice president now directly owns 27,666 shares in the company, valued at approximately $3,027,490.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,049 shares of company stock worth $3,715,013. Corporate insiders own 0.92% of the company’s stock.
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Hershey Company Profile
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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