Hershey Co (NYSE:HSY) SVP West Mary E. Stone sold 25,563 shares of the firm’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 53,138 shares of the company’s stock, valued at $7,866,018.14. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of NYSE HSY traded up $1.36 during mid-day trading on Wednesday, reaching $150.16. 768,244 shares of the company’s stock were exchanged, compared to its average volume of 1,181,565. The company’s 50-day moving average is $146.51 and its 200-day moving average is $146.33. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.47 and a current ratio of 0.80. The firm has a market capitalization of $31.00 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 3.53 and a beta of 0.05. Hershey Co has a 52-week low of $100.80 and a 52-week high of $162.20.
Hershey (NYSE:HSY) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.01. Hershey had a net margin of 16.18% and a return on equity of 77.39%. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same period in the previous year, the firm earned $1.55 EPS. Hershey’s revenue was up 2.6% on a year-over-year basis. As a group, equities analysts predict that Hershey Co will post 5.72 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.773 per share. This represents a $3.09 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, November 21st. Hershey’s dividend payout ratio is presently 57.65%.
Several institutional investors have recently added to or reduced their stakes in HSY. BlackRock Inc. boosted its holdings in Hershey by 0.9% during the 2nd quarter. BlackRock Inc. now owns 14,273,827 shares of the company’s stock valued at $1,913,121,000 after acquiring an additional 127,820 shares during the period. Vanguard Group Inc. lifted its position in shares of Hershey by 4.8% during the second quarter. Vanguard Group Inc. now owns 11,780,343 shares of the company’s stock worth $1,578,920,000 after purchasing an additional 537,363 shares in the last quarter. State Street Corp lifted its position in shares of Hershey by 5.6% during the third quarter. State Street Corp now owns 7,555,394 shares of the company’s stock worth $1,171,011,000 after purchasing an additional 401,710 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Hershey by 60.0% during the second quarter. Renaissance Technologies LLC now owns 4,240,564 shares of the company’s stock worth $568,363,000 after purchasing an additional 1,589,800 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in shares of Hershey by 145.7% in the second quarter. APG Asset Management N.V. now owns 2,718,679 shares of the company’s stock valued at $319,972,000 after purchasing an additional 1,612,100 shares during the period. 53.33% of the stock is currently owned by institutional investors and hedge funds.
HSY has been the topic of several recent research reports. BMO Capital Markets boosted their price target on shares of Hershey from $133.00 to $138.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. UBS Group set a $147.00 price objective on shares of Hershey and gave the stock a “hold” rating in a research report on Friday, October 25th. Bank of America set a $165.00 price objective on shares of Hershey and gave the stock a “buy” rating in a research report on Friday, October 25th. Sanford C. Bernstein downgraded 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, ValuEngine lowered shares of Hershey from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. Hershey currently has an average rating of “Hold” and a consensus target price of $145.57.
Hershey Company Profile
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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