News coverage about Hershey (NYSE:HSY) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hershey earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.2291676560735 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
Several research firms have issued reports on HSY. BMO Capital Markets reaffirmed a “hold” rating and set a $105.00 price objective on shares of Hershey in a report on Friday, October 27th. Zacks Investment Research cut shares of Hershey from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Royal Bank of Canada reiterated a “hold” rating and issued a $122.00 target price on shares of Hershey in a research report on Friday, December 22nd. Citigroup raised their price objective 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. Finally, Goldman Sachs Group cut shares of Hershey from a “neutral” rating to a “sell” rating and set a $101.00 price objective for the company. in a research report on Tuesday, January 16th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. Hershey has a consensus rating of “Hold” and an average target price of $110.84.
Shares of Hershey (NYSE HSY) opened at $98.75 on Wednesday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.60 and a current ratio of 0.96. Hershey has a 12-month low of $97.62 and a 12-month high of $116.49. The firm has a market cap of $21,020.45, a PE ratio of 27.20, a price-to-earnings-growth ratio of 2.15 and a beta of 0.26.
Hershey (NYSE:HSY) last posted its quarterly earnings data on Thursday, February 1st. The company reported $1.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.03). Hershey had a net margin of 10.42% and a return on equity of 116.74%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the business posted $1.17 EPS. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. equities research analysts anticipate that Hershey will post 5.36 EPS for the current year.
Hershey declared that its board has approved a stock buyback plan on Thursday, October 26th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, February 23rd will be paid a $0.656 dividend. This represents a $2.62 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend is Thursday, February 22nd. Hershey’s payout ratio is 71.58%.
In other news, insider Michele Buck sold 400 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $114.95, for a total value of $45,980.00. Following the completion of the transaction, the insider now owns 164,097 shares of the company’s stock, valued at $18,862,950.15. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders sold 1,200 shares of company stock valued at $133,800. 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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