Hershey Company (The) (HSY) Given Daily News Impact Rating of 0.12
News articles about Hershey Company (The) (NYSE:HSY) have been trending somewhat positive on Tuesday, Accern reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Hershey Company (The) earned a news impact score of 0.12 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.2225016661068 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Analysts Expect Hershey Company (The) (HSY) Will Post Quarterly Sales of $1.97 Billion (americanbankingnews.com)
- Analysts Anticipate Hershey Company (The) (HSY) to Post $1.06 EPS (americanbankingnews.com)
- Activist Spotlight: Dislodging the Family at Tootsie Roll (finance.yahoo.com)
- The first new Hershey bar in 22 years has no chocolate (money.cnn.com)
- Hershey Just Released Its First New Bar in 20 Years and It Contains Zero Chocolate (finance.yahoo.com)
Several analysts have recently commented on HSY shares. Zacks Investment Research raised Hershey Company (The) from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research note on Monday, October 2nd. Susquehanna Bancshares Inc set a $113.00 price objective on Hershey Company (The) and gave the stock a “hold” rating in a research note on Thursday, October 26th. Credit Suisse Group reissued a “buy” rating and issued a $121.00 price objective on shares of Hershey Company (The) in a research note on Friday, July 28th. Deutsche Bank AG reissued a “hold” rating and issued a $111.00 price objective (down from $112.00) on shares of Hershey Company (The) in a research note on Thursday, July 27th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $114.00 price objective on shares of Hershey Company (The) in a research note on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $113.35.
Hershey Company (HSY) opened at $104.38 on Tuesday. The stock has a market capitalization of $22,316.71, a P/E ratio of 21.62, a PEG ratio of 2.88 and a beta of 0.36. The company has a quick ratio of 0.55, a current ratio of 0.95 and a debt-to-equity ratio of 2.45. Hershey Company has a twelve month low of $95.68 and a twelve month high of $116.49.
Hershey Company (The) (NYSE:HSY) last released its earnings results on Thursday, October 26th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.04. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.01 billion. Hershey Company (The) had a return on equity of 124.06% and a net margin of 9.52%. Hershey Company (The)’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.29 earnings per share. analysts anticipate that Hershey Company will post 4.8 EPS for the current year.
Hershey Company (The) declared that its board has initiated a stock repurchase plan on Thursday, October 26th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 22nd will be issued a $0.656 dividend. This represents a $2.62 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Tuesday, November 21st. Hershey Company (The)’s dividend payout ratio is presently 77.98%.
In other Hershey Company (The) news, major shareholder Hershey Trust Co Trustee In Tr sold 4,500,000 shares of the stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $106.01, for a total transaction of $477,045,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michele Buck sold 400 shares of the stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $108.00, for a total value of $43,200.00. Following the transaction, the insider now directly owns 165,697 shares of the company’s stock, valued at $17,895,276. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,519,232 shares of company stock valued at $479,154,674. 0.92% of the stock is owned by corporate insiders.
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Hershey Company (The) Company Profile
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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