News articles about The Hershey (NYSE:HSY) have been trending positive this week, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. The Hershey earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.7326716095176 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
HSY has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of The Hershey from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Morgan Stanley downgraded shares of The Hershey from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 10th. Sanford C. Bernstein set a $124.00 price target on shares of The Hershey and gave the company a “buy” rating in a research note on Tuesday, December 19th. Barclays reduced their price target on shares of The Hershey from $110.00 to $107.00 and set an “equal weight” rating on the stock in a research note on Friday, February 2nd. Finally, Susquehanna Bancshares reissued a “neutral” rating and issued a $110.00 price target (up from $108.00) on shares of The Hershey in a research note on Tuesday, January 30th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $110.33.
Shares of The Hershey stock traded down $0.85 during trading hours on Friday, hitting $98.85. The company had a trading volume of 774,034 shares, compared to its average volume of 1,057,627. The Hershey has a twelve month low of $95.21 and a twelve month high of $116.49. The company has a current ratio of 0.96, a quick ratio of 0.60 and a debt-to-equity ratio of 2.21. The stock has a market cap of $20,806.14, a price-to-earnings ratio of 20.77, a PEG ratio of 2.13 and a beta of 0.33.
The Hershey (NYSE:HSY) last released its quarterly earnings results on Thursday, February 1st. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.03). The 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 quarter last year, the company earned $1.17 EPS. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. analysts forecast that The Hershey will post 5.36 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Friday, February 23rd were given a $0.656 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.62 annualized dividend and a yield of 2.65%. The Hershey’s dividend payout ratio (DPR) is 55.04%.
In other The Hershey news, CEO Michele Buck sold 400 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $111.55, for a total transaction of $44,620.00. Following the completion of the transaction, the chief executive officer now owns 163,697 shares in the company, valued at approximately $18,260,400.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.92% of the stock is owned by corporate insiders.
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The Hershey Company Profile
The Hershey Company, together with its subsidiaries, manufactures and sells confectionery products. The company operates through two segments, North America; and International and Other. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products comprising mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items, including spreads, meat snacks, bars and snack bites, mixes, popcorn and protein bars, and cookies.
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