Hershey (NYSE:HSY – Free Report) had its target price cut by UBS Group from $178.00 to $175.00 in a research report released on Friday,Benzinga reports. They currently have a neutral rating on the stock.
A number of other equities analysts have also recently weighed in on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $201.00 price objective (down from $208.00) on shares of Hershey in a research report on Friday, July 31st. BNP Paribas Exane cut their target price on Hershey from $195.00 to $190.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 27th. Wells Fargo & Company decreased their price target on Hershey from $170.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Friday. DA Davidson set a $170.00 price target on Hershey in a research report on Friday. Finally, Stifel Nicolaus lowered their price target on Hershey from $215.00 to $180.00 and set a “hold” rating for the company in a research report on Wednesday, July 22nd. Seven research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Hershey currently has a consensus rating of “Hold” and a consensus price target of $194.14.
Check Out Our Latest Stock Report on HSY
Hershey Trading Up 0.1%
NYSE HSY opened at $165.85 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.24 and a quick ratio of 0.72. The stock has a market capitalization of $33.32 billion, a P/E ratio of 18.76, a PEG ratio of 1.45 and a beta of 0.08. The firm’s 50-day moving average is $169.68 and its two-hundred day moving average is $189.03. Hershey has a 12 month low of $156.16 and a 12 month high of $239.48.
Hershey (NYSE:HSY – Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.53. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Hershey had a net margin of 14.63% and a return on equity of 37.12%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the business earned $1.30 earnings per share. On average, sell-side analysts anticipate that Hershey will post 8.61 earnings per share for the current year.
Hershey Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 16th will be issued a $1.4520 dividend. The ex-dividend date is Monday, November 16th. This represents a $5.81 dividend on an annualized basis and a yield of 3.5%. Hershey’s dividend payout ratio (DPR) is 65.72%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Delta Asset Management LLC TN boosted its stake in shares of Hershey by 17.1% in the 2nd quarter. Delta Asset Management LLC TN now owns 410 shares of the company’s stock valued at $72,000 after buying an additional 60 shares during the period. Meeder Advisory Services Inc. grew its position in shares of Hershey by 2.7% during the first quarter. Meeder Advisory Services Inc. now owns 2,316 shares of the company’s stock worth $481,000 after buying an additional 61 shares in the last quarter. Intrua Financial LLC increased its stake in shares of Hershey by 4.2% during the third quarter. Intrua Financial LLC now owns 1,673 shares of the company’s stock worth $264,000 after buying an additional 67 shares during the period. Eastern Bank increased its stake in shares of Hershey by 10.7% during the third quarter. Eastern Bank now owns 702 shares of the company’s stock worth $111,000 after buying an additional 68 shares during the period. Finally, Bogart Wealth LLC increased its stake in shares of Hershey by 4.1% during the first quarter. Bogart Wealth LLC now owns 1,889 shares of the company’s stock worth $393,000 after buying an additional 75 shares during the period. 57.96% of the stock is owned by institutional investors and hedge funds.
Hershey Company Profile
The Hershey Company (NYSE: HSY) is a global confectionery and snack food manufacturer headquartered in Hershey, Pennsylvania. Founded by Milton S. Hershey in 1894, the company began as a chocolate producer and has grown into one of the largest branded snack businesses in North America.
Hershey’s portfolio includes chocolate, non-chocolate confectionery, gum and mints, and salty snacks. Its brands include Hershey’s, Reese’s, Hershey’s Kisses, Kit Kat in the United States under license from Nestlé, Jolly Rancher, Twizzlers, Ice Breakers, SkinnyPop and Dot’s Pretzels.
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