Hershey (NYSE:HSY) PT Lowered to $200.00

Hershey (NYSE:HSY) had its price target cut by research analysts at Wells Fargo & Company from $205.00 to $200.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 8.19% from the stock’s current price.

A number of other brokerages have also recently issued reports on HSY. BNP Paribas cut Hershey from an “outperform” rating to a “neutral” rating and set a $208.00 price objective for the company. in a report on Tuesday, March 26th. JPMorgan Chase & Co. boosted their price objective on Hershey from $185.00 to $193.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Morgan Stanley cut Hershey from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $191.00 to $183.00 in a report on Monday, February 12th. Citigroup reduced their price objective on Hershey from $213.00 to $199.00 and set a “neutral” rating for the company in a report on Thursday, April 11th. Finally, Piper Sandler reduced their price objective on Hershey from $200.00 to $179.00 and set a “neutral” rating for the company in a report on Monday. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $223.33.

Hershey Trading Up 1.3 %

Hershey stock opened at $184.86 on Wednesday. Hershey has a 52 week low of $178.82 and a 52 week high of $276.88. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.52 and a current ratio of 0.97. The stock has a market capitalization of $37.70 billion, a P/E ratio of 20.43, a PEG ratio of 2.81 and a beta of 0.34. The stock has a 50-day simple moving average of $192.52 and a 200 day simple moving average of $191.07.

Hershey (NYSE:HSY) last posted its quarterly earnings results on Thursday, February 8th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.07. Hershey had a return on equity of 51.79% and a net margin of 16.67%. The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter last year, the company posted $2.02 earnings per share. Hershey’s quarterly revenue was up .2% on a year-over-year basis. Analysts expect that Hershey will post 9.6 earnings per share for the current year.

Insider Transactions at Hershey

In other news, CFO Steven E. Voskuil sold 1,500 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $188.97, for a total transaction of $283,455.00. Following the completion of the transaction, the chief financial officer now directly owns 29,816 shares in the company, valued at $5,634,329.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Jennifer Mccalman sold 453 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $198.54, for a total value of $89,938.62. Following the sale, the chief accounting officer now owns 1,862 shares of the company’s stock, valued at $369,681.48. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Steven E. Voskuil sold 1,500 shares of the business’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $188.97, for a total transaction of $283,455.00. Following the completion of the sale, the chief financial officer now directly owns 29,816 shares in the company, valued at approximately $5,634,329.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,453 shares of company stock worth $670,244. Corporate insiders own 0.34% of the company’s stock.

Institutional Trading of Hershey

Several institutional investors have recently modified their holdings of the business. Woodmont Investment Counsel LLC grew its stake in shares of Hershey by 9.4% in the first quarter. Woodmont Investment Counsel LLC now owns 5,538 shares of the company’s stock worth $1,077,000 after purchasing an additional 475 shares during the last quarter. Oak Thistle LLC bought a new stake in Hershey during the first quarter valued at $220,000. Park Place Capital Corp bought a new stake in Hershey during the first quarter valued at $36,000. Claro Advisors LLC boosted its position in Hershey by 30.3% during the first quarter. Claro Advisors LLC now owns 5,389 shares of the company’s stock valued at $1,048,000 after acquiring an additional 1,252 shares during the last quarter. Finally, Diversified Trust Co boosted its position in Hershey by 332.3% during the first quarter. Diversified Trust Co now owns 7,838 shares of the company’s stock valued at $1,524,000 after acquiring an additional 6,025 shares during the last quarter. Institutional investors own 57.96% of the company’s stock.

Hershey Company Profile

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.