Hershey (NYSE:HSY – Get Free Report) had its price target decreased by stock analysts at Royal Bank Of Canada from $212.00 to $206.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 10.42% from the stock’s current price.
Several other research firms have also recently issued reports on HSY. Barclays dropped their price target on Hershey from $208.00 to $200.00 and set an “equal weight” rating on the stock in a report on Monday, August 3rd. JPMorgan Chase & Co. boosted their price target on shares of Hershey from $191.00 to $193.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Stifel Nicolaus cut their price objective on shares of Hershey from $215.00 to $180.00 and set a “hold” rating on the stock in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $191.00 price objective on shares of Hershey in a research note on Friday, July 31st. Finally, UBS Group upped their price target on shares of Hershey from $190.00 to $198.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company’s stock. According to MarketBeat.com, Hershey has an average rating of “Hold” and an average price target of $204.78.
Get Our Latest Stock Report on Hershey
Hershey Stock Performance
Hershey (NYSE:HSY – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.47. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.63 billion. Hershey had a net margin of 12.24% and a return on equity of 31.92%. The company’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.21 earnings per share. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. As a group, analysts anticipate that Hershey will post 8.49 EPS for the current year.
Insider Transactions at Hershey
In other news, CFO Steven E. Voskuil sold 1,500 shares of the firm’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $170.00, for a total value of $255,000.00. Following the transaction, the chief financial officer owned 53,195 shares of the company’s stock, valued at approximately $9,043,150. This trade represents a 2.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.08% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Syon Capital LLC raised its holdings in shares of Hershey by 1.5% in the fourth quarter. Syon Capital LLC now owns 3,020 shares of the company’s stock valued at $550,000 after purchasing an additional 46 shares during the last quarter. Haverford Trust Co grew its position in Hershey by 0.7% in the fourth quarter. Haverford Trust Co now owns 6,796 shares of the company’s stock valued at $1,237,000 after purchasing an additional 46 shares in the last quarter. Larson Financial Group LLC increased its stake in Hershey by 2.0% in the 4th quarter. Larson Financial Group LLC now owns 2,561 shares of the company’s stock valued at $466,000 after buying an additional 50 shares during the last quarter. Venture Visionary Partners LLC lifted its position in Hershey by 0.7% during the 4th quarter. Venture Visionary Partners LLC now owns 8,034 shares of the company’s stock worth $1,462,000 after buying an additional 53 shares in the last quarter. Finally, Bruce G. Allen Investments LLC boosted its stake in shares of Hershey by 4.3% during the 4th quarter. Bruce G. Allen Investments LLC now owns 1,325 shares of the company’s stock worth $241,000 after buying an additional 55 shares during the last quarter. 57.96% of the stock is currently owned by institutional investors.
About Hershey
The Hershey Company (NYSE: HSY) is a leading North American chocolatier and snack manufacturer headquartered in Hershey, Pennsylvania. The company develops, produces and markets a wide range of confectionery and snack products for retail, foodservice and international customers. Hershey’s business spans manufacturing, branded product marketing, packaging and distribution across grocery, convenience, mass merchant and e-commerce channels.
Hershey’s product portfolio centers on chocolate and sugar confectionery, including core brands such as Hershey’s, Reese’s, Hershey’s Kisses and Twizzlers, alongside non-chocolate snacks and confectionery brands.
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