Hershey Co (NYSE:HSY) SVP West Mary E. Stone sold 25,563 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $148.03, for a total value of $3,784,090.89. Following the transaction, the senior vice president now owns 53,138 shares in the company, valued at approximately $7,866,018.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
HSY traded up $1.36 on Wednesday, hitting $150.16. 768,244 shares of the company traded hands, compared to its average volume of 1,181,565. Hershey Co has a 12-month low of $100.80 and a 12-month high of $162.20. The company has a 50 day moving average of $146.51 and a 200-day moving average of $146.33. The company has a quick ratio of 0.47, a current ratio of 0.80 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $31.00 billion, a PE ratio of 28.01, a PEG ratio of 3.53 and a beta of 0.05.
Hershey (NYSE:HSY) last released its earnings results on Thursday, October 24th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.01. Hershey had a return on equity of 77.39% and a net margin of 16.18%. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the previous year, the company posted $1.55 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, research analysts anticipate that Hershey Co will post 5.72 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a $0.773 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.09 dividend on an annualized basis and a yield of 2.06%. Hershey’s dividend payout ratio (DPR) is 57.65%.
A number of brokerages have weighed in on HSY. BMO Capital Markets boosted their price objective on Hershey from $133.00 to $138.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Royal Bank of Canada started coverage on Hershey in a report on Thursday, October 17th. They issued a “sector perform” rating and a $158.00 price objective for the company. ValuEngine lowered shares of Hershey from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Bank of America set a $165.00 target price on shares of Hershey and gave the company a “buy” rating in a report on Friday, October 25th. Finally, UBS Group set a $147.00 price target on shares of Hershey and gave the company a “hold” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company’s stock. Hershey currently has a consensus rating of “Hold” and an average price target of $145.57.
A number of large investors have recently bought and sold shares of the stock. Krane Funds Advisors LLC acquired a new stake in shares of Hershey in the 2nd quarter worth $25,000. Berman Capital Advisors LLC boosted its holdings in shares of Hershey by 172.8% in the second quarter. Berman Capital Advisors LLC now owns 221 shares of the company’s stock valued at $28,000 after acquiring an additional 140 shares in the last quarter. Prime Capital Investment Advisors LLC acquired a new position in shares of Hershey during the third quarter worth about $28,000. Country Trust Bank acquired a new position in shares of Hershey during the third quarter worth about $30,000. Finally, Adirondack Trust Co. purchased a new position in Hershey during the third quarter worth about $31,000. Hedge funds and other institutional investors own 53.33% of the company’s stock.
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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