Hershey Co (NYSE:HSY) major shareholder Hershey Trust Co Trustee In Tr sold 6,800 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $145.06, for a total value of $986,408.00. Following the sale, the insider now directly owns 47,170 shares in the company, valued at $6,842,480.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
HSY opened at $146.84 on Monday. The company’s 50 day simple moving average is $148.41 and its two-hundred day simple moving average is $145.10. The firm has a market capitalization of $30.66 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 3.49 and a beta of 0.06. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.80 and a quick ratio of 0.47. Hershey Co has a 1-year low of $100.80 and a 1-year high of $162.20.
Hershey (NYSE:HSY) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.60 by $0.01. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.12 billion. Hershey had a net margin of 16.18% and a return on equity of 77.39%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.55 EPS. On average, equities analysts anticipate that Hershey Co will post 5.72 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.773 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.09 dividend on an annualized basis and a dividend yield of 2.11%. Hershey’s dividend payout ratio is currently 57.65%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. American National Bank increased its holdings in Hershey by 1.4% in the 2nd quarter. American National Bank now owns 5,251 shares of the company’s stock valued at $704,000 after purchasing an additional 71 shares during the last quarter. Tdam USA Inc. boosted its position in Hershey by 2.7% in the 2nd quarter. Tdam USA Inc. now owns 2,753 shares of the company’s stock valued at $369,000 after buying an additional 73 shares during the period. Private Capital Group LLC boosted its position in Hershey by 5.5% in the 2nd quarter. Private Capital Group LLC now owns 1,556 shares of the company’s stock valued at $145,000 after buying an additional 81 shares during the period. Securian Asset Management Inc boosted its position in Hershey by 0.6% in the 2nd quarter. Securian Asset Management Inc now owns 14,449 shares of the company’s stock valued at $1,937,000 after buying an additional 82 shares during the period. Finally, Benedict Financial Advisors Inc. boosted its position in Hershey by 0.4% in the 2nd quarter. Benedict Financial Advisors Inc. now owns 25,436 shares of the company’s stock valued at $3,409,000 after buying an additional 92 shares during the period. Institutional investors and hedge funds own 54.49% of the company’s stock.
HSY has been the topic of several recent analyst reports. UBS Group set a $147.00 target price on shares of Hershey and gave the stock a “hold” rating in a research note on Friday, October 25th. ValuEngine lowered shares of Hershey from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada initiated coverage on shares of Hershey in a research note on Thursday, October 17th. They set a “sector perform” rating and a $158.00 target price on the stock. Sanford C. Bernstein lowered shares of Hershey from an “outperform” rating to a “market perform” rating and set a $155.00 target price on the stock. in a research note on Thursday, September 12th. They noted that the move was a valuation call. Finally, Bank of America set a $165.00 price target on shares of Hershey and gave the company a “buy” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. Hershey currently has an average rating of “Hold” and an average target price of $145.57.
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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