Hershey (NYSE:HSY) Price Target Lowered to $180.00 at Barclays

Hershey (NYSE:HSY) had its price objective dropped by investment analysts at Barclays from $202.00 to $180.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential downside of 0.83% from the stock’s current price.

HSY has been the topic of a number of other reports. The Goldman Sachs Group initiated coverage on Hershey in a research report on Monday, August 12th. They issued a “sell” rating and a $185.00 price objective on the stock. Argus cut shares of Hershey from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th. JPMorgan Chase & Co. decreased their price objective on shares of Hershey from $188.00 to $180.00 and set a “neutral” rating for the company in a report on Monday, October 14th. Piper Sandler lifted their target price on shares of Hershey from $165.00 to $168.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, Sanford C. Bernstein lowered shares of Hershey from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $230.00 to $205.00 in a report on Monday, October 7th. Five analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $189.33.

Hershey Stock Performance

Hershey stock opened at $181.50 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.48 and a debt-to-equity ratio of 0.76. The firm has a market cap of $36.72 billion, a P/E ratio of 20.91, a P/E/G ratio of 4.22 and a beta of 0.38. Hershey has a 1-year low of $171.67 and a 1-year high of $211.92. The firm has a 50-day moving average of $188.88 and a 200-day moving average of $192.13.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HSY. LPL Financial LLC raised its holdings in Hershey by 10.0% in the 2nd quarter. LPL Financial LLC now owns 320,680 shares of the company’s stock worth $58,951,000 after acquiring an additional 29,246 shares during the last quarter. CreativeOne Wealth LLC raised its stake in shares of Hershey by 179.4% in the first quarter. CreativeOne Wealth LLC now owns 6,958 shares of the company’s stock worth $1,353,000 after purchasing an additional 4,468 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Hershey by 2.2% during the first quarter. Sei Investments Co. now owns 54,540 shares of the company’s stock valued at $10,608,000 after purchasing an additional 1,168 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of Hershey by 20.1% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 15,716 shares of the company’s stock valued at $2,986,000 after buying an additional 2,635 shares during the last quarter. Finally, JLB & Associates Inc. increased its holdings in Hershey by 53.5% in the 3rd quarter. JLB & Associates Inc. now owns 64,731 shares of the company’s stock worth $12,414,000 after buying an additional 22,562 shares in the last quarter. 57.96% of the stock is owned by hedge funds and other institutional investors.

About Hershey

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.