Investment Analysts’ Weekly Ratings Updates for Hershey Company (The) (HSY)

A number of research firms have changed their ratings and price targets for Hershey Company (The) (NYSE: HSY):

  • 7/28/2017 – Hershey Company (The) had its “buy” rating reaffirmed by analysts at Credit Suisse Group. They now have a $121.00 price target on the stock.
  • 7/27/2017 – Hershey Company (The) had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $115.00 price target on the stock, up previously from $114.00.
  • 7/27/2017 – Hershey Company (The) had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $111.00 price target on the stock, down previously from $112.00.
  • 7/26/2017 – Hershey Company (The) was given a new $118.00 price target on by analysts at Susquehanna Bancshares Inc. They now have a “hold” rating on the stock.
  • 7/21/2017 – Hershey Company (The) had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $114.00 price target on the stock.
  • 7/18/2017 – Hershey Company (The) had its price target lowered by analysts at Morgan Stanley from $111.00 to $108.00. They now have an “equal weight” rating on the stock.
  • 7/12/2017 – Hershey Company (The) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/29/2017 – Hershey Company (The) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “sell” rating. According to Zacks, “Economic slowdown in China and softening chocolate category trends have been hurting Hershey’s international sales since 2015. Hershey expects China’s net sales in 2017 to decline single digits on a year-over-year basis as lower direct trade, returns, discounts and allowances are anticipated to hurt gross sales. Shares have also underperformed the Zacks categorized Food-Confectionary industry in the last one month. Notably, the North American food industry has seen sluggish growth and slowdown in consumption over the last few quarters. The industry is experiencing changes in consumer preference (for example, a shift toward products with less artificial sweeteners, sodium and saturated fat), which are marring growth prospects of companies like Hershey.”
  • 6/28/2017 – Hershey Company (The) had its “neutral” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $116.00 price target on the stock, down previously from $119.00.
  • 6/28/2017 – Hershey Company (The) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $121.00 price target on the stock. According to Zacks, “Hershey’s shares outperformed the Zacks categorized Food-Confectionary industry in the last one year. Although Hershey’s sales trends have been weak since 2014 due to weak category trends and increased competition from broader snacking category, the company has been registering sales growth in recent times. We are also encouraged by the new cost savings program, ‘Margin for Growth’, intended to improve overall operating margin through supply chain optimization, a streamlined operating model and reduced administrative expenses, with savings primarily being achieved in 2018 and 2019. However, economic slowdown in China and softening chocolate category trends have been hurting Hershey’s international sales since 2015. Hershey expects China’s net sales in 2017 to decline single digits on a year-over-year basis as lower direct trade, returns, discounts and allowances are likely to hurt gross sales.”
  • 6/27/2017 – Hershey Company (The) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/17/2017 – Hershey Company (The) was given a new $115.00 price target on by analysts at Susquehanna Bancshares Inc. They now have a “hold” rating on the stock.

Hershey Company (NYSE:HSY) opened at 105.30 on Friday. The firm’s 50-day moving average price is $106.29 and its 200 day moving average price is $108.56. The firm has a market cap of $22.37 billion, a PE ratio of 33.64 and a beta of 0.38. Hershey Company has a 52-week low of $94.03 and a 52-week high of $116.49.

Hershey Company (The) (NYSE:HSY) last released its quarterly earnings results on Wednesday, July 26th. The company reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.19. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Hershey Company (The) had a return on equity of 119.66% and a net margin of 8.95%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 earnings per share. On average, equities analysts anticipate that Hershey Company will post $4.82 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a dividend of $0.656 per share. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Wednesday, August 23rd. This is a boost from Hershey Company (The)’s previous quarterly dividend of $0.62. Hershey Company (The)’s payout ratio is 78.66%.

In other news, SVP Kevin R. Walling sold 22,065 shares of Hershey Company (The) stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $115.06, for a total transaction of $2,538,798.90. Following the sale, the senior vice president now owns 54,789 shares of the company’s stock, valued at $6,304,022.34. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Terence L. O’day sold 37,875 shares of Hershey Company (The) stock in a transaction that occurred on 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 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 have sold 97,408 shares of company stock worth $11,100,636. Corporate insiders own 0.92% of the company’s stock.

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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