Hershey Co (NYSE:HSY) CEO Michele Buck sold 1,500 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $138.01, for a total value of $207,015.00. Following the completion of the sale, the chief executive officer now owns 159,929 shares in the company, valued at approximately $22,071,801.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Michele Buck also recently made the following trade(s):
- On Friday, May 31st, Michele Buck sold 6,000 shares of Hershey stock. The shares were sold at an average price of $129.14, for a total value of $774,840.00.
- On Monday, April 22nd, Michele Buck sold 1,500 shares of Hershey stock. The shares were sold at an average price of $117.00, for a total value of $175,500.00.
- On Wednesday, March 20th, Michele Buck sold 1,500 shares of Hershey stock. The shares were sold at an average price of $109.52, for a total value of $164,280.00.
Shares of Hershey stock traded up $1.10 during trading on Wednesday, hitting $137.92. 148,821 shares of the company’s stock were exchanged, compared to its average volume of 1,232,861. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.92 and a quick ratio of 0.59. Hershey Co has a 52-week low of $89.84 and a 52-week high of $139.34. The stock has a market cap of $28.44 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 3.03 and a beta of 0.11.
Hershey (NYSE:HSY) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.11. Hershey had a net margin of 14.44% and a return on equity of 90.64%. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter last year, the business earned $1.41 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. As a group, equities analysts expect that Hershey Co will post 5.7 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be given a dividend of $0.722 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.89 dividend on an annualized basis and a yield of 2.09%. Hershey’s payout ratio is presently 53.92%.
Hedge funds have recently modified their holdings of the business. Bremer Trust National Association purchased a new stake in shares of Hershey in the 4th quarter valued at approximately $29,000. Claybrook Capital LLC acquired a new position in Hershey during the 4th quarter worth approximately $29,000. Trustcore Financial Services LLC acquired a new position in Hershey during the 1st quarter worth approximately $29,000. Oregon Public Employees Retirement Fund boosted its holdings in shares of Hershey by 10,179.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,456,662 shares of the company’s stock valued at $32,000 after buying an additional 3,423,036 shares in the last quarter. Finally, Acima Private Wealth LLC purchased a new stake in Hershey in the 4th quarter valued at $33,000. 53.60% of the stock is currently owned by institutional investors.
Several analysts have weighed in on the company. Zacks Investment Research raised Hershey from a “hold” rating to a “buy” rating and set a $139.00 price objective on the stock in a research report on Wednesday, May 8th. UBS Group set a $100.00 target price on shares of Hershey and gave the company a “sell” rating in a report on Friday, April 26th. BMO Capital Markets boosted their price objective on shares of Hershey from $93.00 to $108.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. Barclays boosted their price objective on shares of Hershey from $103.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Finally, Bank of America reiterated a “buy” rating and set a $130.00 target price (up from $120.00) on shares of Hershey in a research note on Friday, April 26th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $116.50.
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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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