Hershey Co (NYSE:HSY) declared a quarterly dividend on Tuesday, October 22nd, Zacks reports. Shareholders of record on Friday, November 22nd will be paid a dividend of 0.773 per share on Monday, December 16th. This represents a $3.09 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Thursday, November 21st.
NYSE HSY traded down $0.11 during trading on Tuesday, reaching $146.58. The company’s stock had a trading volume of 10,685 shares, compared to its average volume of 1,066,088. The stock has a market capitalization of $30.49 billion, a PE ratio of 27.32, a P/E/G ratio of 3.47 and a beta of 0.06. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.80 and a quick ratio of 0.47. The firm has a fifty day moving average of $148.95 and a 200 day moving average of $144.60. Hershey has a one year low of $100.80 and a one year high of $162.20.
Hershey (NYSE:HSY) last announced its earnings results on Thursday, October 24th. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.01. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.12 billion. Hershey had a return on equity of 77.39% and a net margin of 16.18%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.55 EPS. Research analysts expect that Hershey will post 5.73 earnings per share for the current fiscal year.
HSY has been the topic of a number of research analyst reports. Royal Bank of Canada initiated coverage on Hershey in a research note on Thursday, October 17th. They issued a “sector perform” rating and a $158.00 target price on the stock. Stifel Nicolaus upped their target price on Hershey from $132.00 to $145.00 and gave the stock a “hold” rating in a research note on Friday, July 26th. Bank of America set a $165.00 target price on Hershey and gave the stock a “buy” rating in a research note on Friday, October 25th. UBS Group set a $147.00 price objective on Hershey and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, ValuEngine cut Hershey from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. Hershey has an average rating of “Hold” and an average price target of $145.57.
In related news, CEO Michele Buck sold 1,500 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $155.13, for a total transaction of $232,695.00. Following the completion of the sale, the chief executive officer now directly owns 155,429 shares in the company, valued at approximately $24,111,700.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kevin R. Walling sold 17,745 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $154.23, for a total value of $2,736,811.35. Following the sale, the senior vice president now owns 44,599 shares of the company’s stock, valued at $6,878,503.77. The disclosure for this sale can be found here. Insiders sold a total of 42,309 shares of company stock valued at $6,432,540 over the last quarter. Company insiders own 0.41% of the company’s stock.
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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