The Hershey Company (NYSE:HSY - Get Free Report) CFO Steven E. Voskuil sold 1,500 shares of Hershey stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $185.83, for a total value of $278,745.00. Following the completion of the transaction, the chief financial officer now directly owns 38,728 shares in the company, valued at $7,196,824.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Hershey Price Performance
Shares of HSY opened at $188.14 on Thursday. The firm has a market cap of $38.37 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 2.87 and a beta of 0.34. The stock has a 50 day moving average of $191.95 and a 200-day moving average of $190.73. The company has a current ratio of 0.97, a quick ratio of 0.52 and a debt-to-equity ratio of 0.92. The Hershey Company has a 52 week low of $178.82 and a 52 week high of $276.88.
Hershey (NYSE:HSY - Get Free Report) last issued its earnings results on Thursday, February 8th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.95 by $0.07. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.72 billion. Hershey had a return on equity of 51.79% and a net margin of 16.67%. The business's revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $2.02 EPS. As a group, analysts forecast that The Hershey Company will post 9.6 EPS for the current year.
Hershey Increases Dividend
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The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 20th were given a dividend of $1.37 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $5.48 dividend on an annualized basis and a yield of 2.91%. This is a positive change from Hershey's previous quarterly dividend of $1.19. Hershey's payout ratio is currently 60.55%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. acquired a new position in Hershey during the 3rd quarter valued at approximately $25,000. Costello Asset Management INC acquired a new position in Hershey during the 3rd quarter valued at approximately $25,000. BKM Wealth Management LLC acquired a new position in Hershey during the 4th quarter valued at approximately $26,000. Riverview Trust Co acquired a new position in Hershey during the 1st quarter valued at approximately $29,000. Finally, First Financial Corp IN acquired a new position in Hershey during the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 57.96% of the company's stock.
Analyst Ratings Changes
HSY has been the topic of several analyst reports. JPMorgan Chase & Co. raised their target price on Hershey from $185.00 to $193.00 and gave the company a "neutral" rating in a report on Friday, February 9th. Morgan Stanley downgraded Hershey from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $191.00 to $183.00 in a report on Monday, February 12th. Stifel Nicolaus raised their target price on Hershey from $195.00 to $205.00 and gave the company a "hold" rating in a report on Thursday, January 25th. Edward Jones reiterated a "hold" rating on shares of Hershey in a report on Friday, April 19th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $213.00 target price on shares of Hershey in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $223.33.
Get Our Latest Stock Analysis on HSY
About Hershey
(
Get Free Report)
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.
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