Shares of Hershey Co (NYSE:HSY) have received a consensus recommendation of “Hold” from the fifteen ratings firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $123.77.
Several brokerages have commented on HSY. Citigroup cut their target price on Cimarex Energy from $98.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday. Goldman Sachs Group set a €100.00 ($116.28) price objective on Henkel AG & Co KGaA and gave the stock a “buy” rating in a report on Wednesday. BMO Capital Markets set a $32.00 price objective on Axalta Coating Systems and gave the company a “hold” rating in a research note on Friday, April 26th. Credit Suisse Group reiterated a “buy” rating and issued a $241.00 price objective on shares of FedEx in a research note on Thursday, May 30th. Finally, UBS Group reissued a “hold” rating and set a $7.80 target price on shares of Deutsche Bank in a report on Friday, April 26th.
Shares of HSY stock traded down $2.32 on Friday, hitting $145.18. 1,123,977 shares of the stock were exchanged, compared to its average volume of 1,218,878. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.92 and a quick ratio of 0.59. The stock has a market cap of $30.31 billion, a price-to-earnings ratio of 27.09, a P/E/G ratio of 3.23 and a beta of 0.11. The business has a 50-day moving average of $137.27. Hershey has a fifty-two week low of $90.52 and a fifty-two week high of $147.59.
In related news, Director Anthony J. Palmer sold 5,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $130.43, for a total transaction of $652,150.00. Following the transaction, the director now directly owns 10,014 shares in the company, valued at approximately $1,306,126.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michele Buck sold 1,500 shares of the business’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $138.57, for a total transaction of $207,855.00. Following the completion of the sale, the chief executive officer now directly owns 158,429 shares of the company’s stock, valued at $21,953,506.53. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 3,100 shares of company stock worth $401,990 and sold 3,685,554 shares worth $465,392,278. Insiders own 0.41% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in HSY. BlackRock Inc. lifted its holdings in Hershey by 2.8% during the first quarter. BlackRock Inc. now owns 14,146,007 shares of the company’s stock valued at $1,624,385,000 after purchasing an additional 381,334 shares in the last quarter. FMR LLC increased its position in shares of Hershey by 9.8% during the fourth quarter. FMR LLC now owns 6,142,122 shares of the company’s stock valued at $658,314,000 after acquiring an additional 550,341 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Hershey by 17.5% during the first quarter. Janus Henderson Group PLC now owns 2,224,400 shares of the company’s stock valued at $255,428,000 after acquiring an additional 331,806 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Hershey by 12.8% during the fourth quarter. Geode Capital Management LLC now owns 2,189,376 shares of the company’s stock valued at $234,317,000 after acquiring an additional 249,155 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Hershey by 3.3% during the first quarter. Northern Trust Corp now owns 1,933,792 shares of the company’s stock valued at $222,058,000 after acquiring an additional 61,759 shares during the last quarter. 53.55% of the stock is owned by hedge funds and other institutional investors.
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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