Hershey (NYSE:HSY) CFO Steven Voskuil Sells 1,500 Shares

Hershey Company (The) (NYSE:HSY) CFO Steven Voskuil sold 1,500 shares of Hershey stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $170.00, for a total value of $255,000.00. Following the transaction, the chief financial officer owned 53,195 shares of the company’s stock, valued at approximately $9,043,150. This represents a 2.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hershey Price Performance

NYSE:HSY opened at $183.53 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 1.24 and a debt-to-equity ratio of 0.99. Hershey Company has a 52 week low of $161.43 and a 52 week high of $239.48. The stock’s 50-day moving average price is $179.94 and its 200-day moving average price is $196.93. The stock has a market capitalization of $37.23 billion, a PE ratio of 34.18, a price-to-earnings-growth ratio of 1.12 and a beta of 0.11.

Hershey (NYSE:HSY) last issued its quarterly earnings data on Thursday, April 30th. The company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.04 by $0.31. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.03 billion. Hershey had a return on equity of 28.98% and a net margin of 9.12%.Hershey’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the company earned $2.09 earnings per share. As a group, equities analysts expect that Hershey Company will post 8.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HSY. Bank of America decreased their price target on shares of Hershey from $220.00 to $200.00 and set a “neutral” rating on the stock in a research note on Thursday, June 25th. BTIG Research started coverage on Hershey in a report on Monday, April 13th. They set a “neutral” rating for the company. Piper Sandler decreased their target price on Hershey from $249.00 to $200.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. DA Davidson upgraded Hershey to a “hold” rating in a research report on Monday, July 6th. Finally, JPMorgan Chase & Co. decreased their price objective on Hershey from $204.00 to $191.00 and set a “neutral” rating on the stock in a report on Monday, July 13th. Seven equities research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $208.28.

Hedge Funds Weigh In On Hershey

Institutional investors have recently added to or reduced their stakes in the stock. GKV Capital Management Co. Inc. acquired a new stake in shares of Hershey in the 1st quarter worth $27,000. JPL Wealth Management LLC purchased a new position in shares of Hershey during the 3rd quarter worth $26,000. Reflection Asset Management acquired a new position in shares of Hershey during the 4th quarter valued at about $26,000. Bard Associates Inc. purchased a new position in Hershey during the fourth quarter worth about $26,000. Finally, Laurel Wealth Advisors LLC acquired a new position in Hershey in the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Hershey Company Profile

The Hershey Company (NYSE: HSY) is a leading North American chocolatier and snack manufacturer headquartered in Hershey, Pennsylvania. The company develops, produces and markets a wide range of confectionery and snack products for retail, foodservice and international customers. Hershey’s business spans manufacturing, branded product marketing, packaging and distribution across grocery, convenience, mass merchant and e-commerce channels.

Hershey’s product portfolio centers on chocolate and sugar confectionery, including core brands such as Hershey’s, Reese’s, Hershey’s Kisses and Twizzlers, alongside non-chocolate snacks and confectionery brands.