Insider Selling: Hershey Co (HSY) Director Sells 5,000 Shares of Stock

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Hershey Co (NYSE:HSY) Director Anthony J. Palmer sold 5,000 shares of Hershey stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $130.43, for a total transaction of $652,150.00. Following the completion of the transaction, the director now owns 10,014 shares of the company’s stock, valued at $1,306,126.02. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

HSY opened at $130.19 on Friday. The firm has a market cap of $27.18 billion, a PE ratio of 24.29, a PEG ratio of 2.86 and a beta of 0.18. The company has a quick ratio of 0.59, a current ratio of 0.92 and a debt-to-equity ratio of 2.27. Hershey Co has a one year low of $89.29 and a one year high of $131.79.

Hershey (NYSE:HSY) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.11. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2 billion. Hershey had a net margin of 14.44% and a return on equity of 90.64%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.41 EPS. Sell-side analysts forecast that Hershey Co will post 5.7 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be given a dividend of $0.722 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.89 dividend on an annualized basis and a dividend yield of 2.22%. Hershey’s dividend payout ratio (DPR) is currently 53.92%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Trustcore Financial Services LLC purchased a new position in shares of Hershey during the 1st quarter valued at $29,000. Bremer Trust National Association bought a new stake in shares of Hershey during the 4th quarter worth $29,000. Bremer Bank National Association bought a new stake in shares of Hershey during the 1st quarter worth $34,000. Claybrook Capital LLC bought a new stake in shares of Hershey during the 4th quarter worth $29,000. Finally, Cornerstone Advisors Inc. lifted its holdings in shares of Hershey by 37.3% during the 1st quarter. Cornerstone Advisors Inc. now owns 302 shares of the company’s stock worth $35,000 after acquiring an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 53.04% of the company’s stock.

A number of research analysts recently weighed in on HSY shares. Bank of America reiterated a “buy” rating and issued a $130.00 price objective (up from $120.00) on shares of Hershey in a research note on Friday, April 26th. Zacks Investment Research lowered shares of Hershey from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. ValuEngine upgraded shares of Hershey from a “hold” rating to a “buy” rating in a research note on Thursday, April 25th. BMO Capital Markets lifted their price objective on shares of Hershey from $93.00 to $108.00 and gave the company a “market perform” rating in a research note on Friday, April 26th. Finally, Barclays lifted their price objective on shares of Hershey from $103.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $113.27.

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Hershey Company Profile

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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Insider Buying and Selling by Quarter for Hershey (NYSE:HSY)

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