Media coverage about Hershey (NYSE:HSY) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hershey earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.1717405087868 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern’s analysis:
Hershey (NYSE:HSY) opened at $103.55 on Friday. Hershey has a 1-year low of $101.61 and a 1-year high of $116.49. The stock has a market cap of $23,243.00 and a PE ratio of 30.88. The company has a current ratio of 0.95, a quick ratio of 0.55 and a debt-to-equity ratio of 2.45.
Hershey (NYSE:HSY) last announced its quarterly earnings results on Thursday, February 1st. The company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.04). Hershey had a net margin of 9.52% and a return on equity of 124.06%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the business earned $1.17 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. equities analysts predict that Hershey will post 4.8 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, February 23rd will be paid a $0.656 dividend. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Thursday, February 22nd. Hershey’s dividend payout ratio is presently 77.98%.
Hershey declared that its Board of Directors has authorized a share buyback program on Thursday, October 26th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
HSY has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Hershey from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Susquehanna Bancshares set a $113.00 price target on shares of Hershey and gave the stock a “hold” rating in a research report on Monday, December 18th. Citigroup raised their price target on shares of Hershey from $126.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. BMO Capital Markets restated a “hold” rating and issued a $105.00 price target on shares of Hershey in a research report on Friday, October 27th. Finally, Morgan Stanley lowered shares of Hershey from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 10th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. Hershey has an average rating of “Hold” and a consensus target price of $112.89.
In related news, SVP D Michael Wege sold 15,517 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $108.18, for a total transaction of $1,678,629.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michele Buck sold 400 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $108.00, for a total transaction of $43,200.00. Following the transaction, the insider now owns 164,897 shares of the company’s stock, valued at approximately $17,808,876. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,117 shares of company stock valued at $1,855,629. Insiders own 0.92% of the company’s stock.
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Hershey Company Profile
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.
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