Hershey Company (The) (NYSE:HSY) Price Target Increased to $130.00 by Analysts at Citigroup Inc.

Hershey Company (The) (NYSE:HSY) had its price target boosted by Citigroup Inc. from $126.00 to $130.00 in a report released on Friday, October 27th. The brokerage currently has a buy rating on the stock.

Several other research analysts have also issued reports on the company. Morgan Stanley dropped their price objective on Hershey Company (The) from $111.00 to $108.00 and set an equal weight rating for the company in a research note on Tuesday, July 18th. BidaskClub lowered Hershey Company (The) from a hold rating to a sell rating in a research note on Wednesday, July 12th. Susquehanna Bancshares Inc set a $113.00 price objective on Hershey Company (The) and gave the stock a hold rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded Hershey Company (The) from a hold rating to a buy rating and set a $122.00 price objective for the company in a research note on Monday, October 2nd. Finally, Credit Suisse Group reiterated a buy rating and set a $121.00 price objective on shares of Hershey Company (The) in a research note on Friday, July 28th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $113.35.



Hershey Company (HSY) traded up $0.83 on Friday, hitting $108.60. The stock had a trading volume of 751,600 shares, compared to its average volume of 1,031,641. Hershey Company has a 12 month low of $95.68 and a 12 month high of $116.49. The company has a quick ratio of 0.55, a current ratio of 0.95 and a debt-to-equity ratio of 2.45. The company has a market capitalization of $22,706.49, a PE ratio of 21.99, a price-to-earnings-growth ratio of 2.93 and a beta of 0.36.

Hershey Company (The) (NYSE:HSY) last issued its earnings results on Thursday, October 26th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.01 billion. Hershey Company (The) had a return on equity of 124.06% and a net margin of 9.52%. Hershey Company (The)’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.29 earnings per share. equities research analysts anticipate that Hershey Company will post 4.8 EPS for the current fiscal year.

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Hershey Company (The) declared that its board has authorized a stock buyback plan on Thursday, October 26th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 22nd will be issued a dividend of $0.656 per share. This represents a $2.62 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Tuesday, November 21st. Hershey Company (The)’s dividend payout ratio (DPR) is presently 77.98%.

In other news, VP Javier H. Idrovo sold 15,132 shares of Hershey Company (The) stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $110.04, for a total transaction of $1,665,125.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Michele Buck sold 400 shares of Hershey Company (The) stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $108.00, for a total value of $43,200.00. Following the transaction, the insider now owns 165,697 shares in the company, valued at approximately $17,895,276. The disclosure for this sale can be found here. Insiders have sold a total of 4,519,232 shares of company stock worth $479,154,674 in the last quarter. 0.92% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the business. RB Capital Management LLC increased its position in shares of Hershey Company (The) by 0.5% during the 2nd quarter. RB Capital Management LLC now owns 3,331 shares of the company’s stock worth $358,000 after purchasing an additional 18 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp increased its position in shares of Hershey Company (The) by 0.3% during the 2nd quarter. Obermeyer Wood Investment Counsel Lllp now owns 6,344 shares of the company’s stock worth $681,000 after purchasing an additional 19 shares during the last quarter. Geneva Advisors LLC increased its position in shares of Hershey Company (The) by 0.4% during the 2nd quarter. Geneva Advisors LLC now owns 4,744 shares of the company’s stock worth $509,000 after purchasing an additional 19 shares during the last quarter. Gateway Investment Advisers LLC increased its position in shares of Hershey Company (The) by 0.3% during the 2nd quarter. Gateway Investment Advisers LLC now owns 8,446 shares of the company’s stock worth $907,000 after purchasing an additional 23 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Hershey Company (The) by 0.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,545 shares of the company’s stock worth $918,000 after purchasing an additional 39 shares during the last quarter. 49.99% of the stock is currently owned by hedge funds and other institutional investors.

About Hershey Company (The)

The Hershey Company is a producer of chocolate in North America. The Company’s principal product offerings include chocolate and non-chocolate confectionery products; gum and mint refreshment products; pantry items, such as baking ingredients and beverages, and snack items, such as spreads, meat snacks, bars and snack bites and mixes.

Analyst Recommendations for Hershey Company (The) (NYSE:HSY)

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