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.
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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