Hershey Company (The) (NYSE:HSY) Stock Rating Lowered by BidaskClub

BidaskClub cut shares of Hershey Company (The) (NYSE:HSY) from a hold rating to a sell rating in a report issued on Wednesday, July 12th.

Several other brokerages have also issued reports on HSY. Susquehanna Bancshares Inc set a $119.00 price target on shares of Hershey Company (The) and gave the stock a hold rating in a research note on Saturday, March 25th. Zacks Investment Research lowered shares of Hershey Company (The) from a buy rating to a sell rating in a research note on Thursday, June 29th. JPMorgan Chase & Co. restated a neutral rating and set a $116.00 price target (down previously from $119.00) on shares of Hershey Company (The) in a research note on Wednesday, June 28th. Deutsche Bank AG decreased their price target on shares of Hershey Company (The) from $117.00 to $114.00 and set a hold rating for the company in a research note on Friday, April 28th. Finally, Credit Suisse Group restated an outperform rating on shares of Hershey Company (The) in a research note on Sunday, April 23rd. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. Hershey Company (The) has an average rating of Hold and a consensus target price of $109.14.

Hershey Company (HSY) opened at 105.20 on Wednesday. The company’s 50-day moving average price is $106.14 and its 200-day moving average price is $108.56. The company has a market capitalization of $22.35 billion, a P/E ratio of 33.61 and a beta of 0.38. Hershey Company has a 52 week low of $94.03 and a 52 week high of $116.49.

Hershey Company (The) (NYSE:HSY) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.19. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.65 billion. Hershey Company (The) had a net margin of 8.95% and a return on equity of 119.66%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. On average, equities analysts forecast that Hershey Company will post $4.82 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a dividend of $0.656 per share. This is an increase from Hershey Company (The)’s previous quarterly dividend of $0.62. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Wednesday, August 23rd. Hershey Company (The)’s payout ratio is currently 78.66%.

In other news, SVP Terence L. O’day sold 37,875 shares of Hershey Company (The) stock in a transaction on Friday, June 9th. The shares were sold at an average price of $113.88, for a total transaction of $4,313,205.00. Following the completion of the sale, the senior vice president now directly owns 75,303 shares of the company’s stock, valued at approximately $8,575,505.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Terence L. O’day sold 2,806 shares of Hershey Company (The) stock in a transaction on Friday, June 16th. The stock was sold at an average price of $115.12, for a total transaction of $323,026.72. Following the sale, the senior vice president now directly owns 35,028 shares of the company’s stock, valued at $4,032,423.36. The disclosure for this sale can be found here. Insiders have sold a total of 97,408 shares of company stock valued at $11,100,636 over the last ninety days. 0.92% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in Hershey Company (The) by 3,144.3% in the first quarter. BlackRock Inc. now owns 10,106,348 shares of the company’s stock valued at $1,104,118,000 after buying an additional 9,794,835 shares in the last quarter. AJO LP increased its stake in Hershey Company (The) by 13,232.0% in the second quarter. AJO LP now owns 747,924 shares of the company’s stock valued at $80,305,000 after buying an additional 742,314 shares in the last quarter. Renaissance Technologies LLC increased its stake in Hershey Company (The) by 60.3% in the second quarter. Renaissance Technologies LLC now owns 1,699,400 shares of the company’s stock valued at $182,465,000 after buying an additional 639,400 shares in the last quarter. Rothschild Asset Management Inc. increased its stake in Hershey Company (The) by 7,236.9% in the first quarter. Rothschild Asset Management Inc. now owns 500,009 shares of the company’s stock valued at $54,626,000 after buying an additional 493,194 shares in the last quarter. Finally, HS Management Partners LLC increased its stake in Hershey Company (The) by 103.0% in the second quarter. HS Management Partners LLC now owns 638,100 shares of the company’s stock valued at $68,513,000 after buying an additional 323,725 shares in the last quarter. 51.16% of the stock is owned by institutional investors and hedge funds.

About Hershey Company (The)

The Hershey Company is a producer of chocolate in North America. The Company’s principal product offerings include chocolate and non-chocolate confectionery products; gum and mint refreshment products; pantry items, such as baking ingredients and beverages, and snack items, such as spreads, meat snacks, bars and snack bites and mixes.

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