Hershey (NYSE:HSY) had its target price upped by Citigroup from $140.00 to $170.00 in a research note issued to investors on Thursday morning, BenzingaRatingsTable reports. They currently have a buy rating on the stock.
Several other equities research analysts have also weighed in on the stock. UBS Group reaffirmed a hold rating and issued a $7.80 target price on shares of Deutsche Bank in a report on Friday, April 26th. BMO Capital Markets set a $32.00 target price on shares of Axalta Coating Systems and gave the company a hold rating in a research report on Friday, April 26th. Barclays set a $46.00 target price on shares of D. R. Horton and gave the company a buy rating in a research report on Friday, April 26th. Zacks Investment Research upgraded shares of HANNOVER RUECK/S from a sell rating to a hold rating in a research report on Friday, May 17th. Finally, Credit Suisse Group restated a buy rating and set a $241.00 target price on shares of FedEx in a research report on Thursday, May 30th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $125.14.
NYSE HSY opened at $145.18 on Thursday. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.92 and a quick ratio of 0.59. The firm has a market capitalization of $30.31 billion, a PE ratio of 27.09, a PEG ratio of 3.18 and a beta of 0.11. The company has a 50 day simple moving average of $137.27. Hershey has a 12-month low of $90.52 and a 12-month high of $147.59.
Hershey (NYSE:HSY) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.59 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period in the previous year, the company earned $1.41 earnings per share. Hershey’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts expect that Hershey will post 5.7 EPS for the current fiscal year.
In related news, CFO Steven E. Voskuil acquired 1,000 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was bought at an average price of $129.14 per share, with a total value of $129,140.00. Following the acquisition, the chief financial officer now owns 1,000 shares in the company, valued at approximately $129,140. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michele Buck sold 1,500 shares of the stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $117.00, for a total value of $175,500.00. Following the completion of the sale, the chief executive officer now directly owns 161,429 shares of the company’s stock, valued at approximately $18,887,193. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 3,100 shares of company stock valued at $401,990 and have sold 3,685,554 shares valued at $465,392,278. 0.41% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Hershey during the 4th quarter valued at $142,502,000. JPMorgan Chase & Co. lifted its holdings in Hershey by 365.2% during the 1st quarter. JPMorgan Chase & Co. now owns 953,783 shares of the company’s stock valued at $109,523,000 after purchasing an additional 748,757 shares during the last quarter. FMR LLC lifted its holdings in Hershey by 9.8% during the 4th quarter. FMR LLC now owns 6,142,122 shares of the company’s stock valued at $658,314,000 after purchasing an additional 550,341 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Hershey by 236.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 689,182 shares of the company’s stock valued at $92,368,000 after purchasing an additional 484,496 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in Hershey by 75.8% during the 1st quarter. Bank of Montreal Can now owns 915,365 shares of the company’s stock valued at $105,111,000 after purchasing an additional 394,684 shares during the last quarter. 53.55% of the stock is owned by institutional investors.
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.
Read More: How does a reverse stock split work?
Receive News & Ratings for Hershey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hershey and related companies with MarketBeat.com's FREE daily email newsletter.