Media coverage about Hershey (NYSE:HSY) has been trending positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Hershey earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.5689910533737 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s rankings:
- A Decade of Madness: REESE’S and NCAA® Celebrate 10 Years of Teamwork and REESE’S College All-Star Game (finance.yahoo.com)
- Café Valley Bakery Introduces New Chocolate Cheesecake Brownie Bites Made with Hershey’s Chocolate (prnewswire.com)
- Notable Runners: Cronos Group Inc., (NASDAQ: CRON), The Hershey Company, (NYSE: HSY); – TNN (tradingnewsnow.com)
- Technical note to watch on The Hershey Company (HSY) – – Wall Street Morning (wallstreetmorning.com)
- Technical Snapshots for Investors – Hershey Company (NYSE: HSY) – Alpha Beta Stock (alphabetastock.com)
Hershey (NYSE HSY) traded up $0.26 on Tuesday, reaching $100.33. The company had a trading volume of 777,609 shares, compared to its average volume of 1,215,083. Hershey has a fifty-two week low of $95.21 and a fifty-two week high of $116.49. The company has a market capitalization of $21,262.89, a price-to-earnings ratio of 27.41, a PEG ratio of 2.18 and a beta of 0.36. The company has a quick ratio of 0.60, a current ratio of 0.96 and a debt-to-equity ratio of 2.21.
Hershey (NYSE:HSY) last released its earnings results on Thursday, February 1st. The company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.03). The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.96 billion. Hershey had a return on equity of 116.74% and a net margin of 10.42%. The business’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.17 EPS. equities research analysts anticipate that Hershey will post 5.36 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Friday, February 23rd were given a dividend of $0.656 per share. This represents a $2.62 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date was Thursday, February 22nd. Hershey’s dividend payout ratio (DPR) is presently 71.58%.
A number of analysts have recently commented on HSY shares. Zacks Investment Research lowered Hershey from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Royal Bank of Canada restated a “hold” rating and issued a $122.00 price target on shares of Hershey in a report on Friday, December 22nd. Sanford C. Bernstein set a $124.00 price target on Hershey and gave the company a “buy” rating in a report on Tuesday, December 19th. Berenberg Bank upgraded Hershey from a “sell” rating to a “hold” rating and set a $90.00 price target on the stock in a report on Monday, December 18th. Finally, Susquehanna Bancshares set a $113.00 price target on Hershey and gave the company a “hold” rating in a report on Monday, December 18th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $111.53.
In other Hershey news, insider Michele Buck sold 400 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $114.95, for a total transaction of $45,980.00. Following the transaction, the insider now owns 164,097 shares of the company’s stock, valued at $18,862,950.15. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.92% of the stock is owned by insiders.
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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