Susquehanna Bancshares set a $108.00 price target on Hershey (NYSE:HSY) in a report published on Wednesday morning. The brokerage currently has a hold rating on the stock.

HSY has been the topic of a number of other research reports. Zacks Investment Research raised Hershey from a hold rating to a buy rating and set a $122.00 price target on the stock in a research note on Monday, October 2nd. Royal Bank of Canada reaffirmed a hold rating and issued a $122.00 target price on shares of Hershey in a research report on Friday, December 22nd. Goldman Sachs Group lowered Hershey from a neutral rating to a sell rating and set a $101.00 target price on the stock. in a research report on Tuesday. Sanford C. Bernstein set a $124.00 target price on Hershey and gave the stock a buy rating in a research report on Tuesday, December 19th. Finally, UBS Group cut their target price on Hershey from $110.00 to $106.00 and set a neutral rating on the stock in a research report on Friday, October 27th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $112.89.

Shares of Hershey (NYSE:HSY) traded up $1.58 during trading on Wednesday, hitting $109.37. The company’s stock had a trading volume of 1,045,860 shares, compared to its average volume of 665,114. Hershey has a one year low of $101.61 and a one year high of $116.49. The stock has a market cap of $22,707.90, a price-to-earnings ratio of 32.55, a PEG ratio of 2.70 and a beta of 0.38. The company has a current ratio of 0.95, a quick ratio of 0.55 and a debt-to-equity ratio of 2.45.

Hershey (NYSE:HSY) last issued its quarterly earnings results on Thursday, October 26th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. Hershey had a return on equity of 124.06% and a net margin of 9.52%. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the company posted $1.29 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. analysts forecast that Hershey will post 4.8 EPS for the current fiscal year.

Hershey declared that its Board of Directors has authorized a stock repurchase program on Thursday, October 26th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

In related news, insider Michele Buck sold 400 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $108.00, for a total value of $43,200.00. Following the completion of the sale, the insider now directly owns 164,897 shares in the company, valued at approximately $17,808,876. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP D Michael Wege sold 15,517 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $108.18, for a total value of $1,678,629.06. The disclosure for this sale can be found here. Insiders sold a total of 16,717 shares of company stock worth $1,811,009 over the last ninety days. Corporate insiders own 0.92% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Koch Industries Inc. acquired a new stake in Hershey in the 2nd quarter valued at $614,000. HighTower Advisors LLC increased its holdings in Hershey by 10.8% in the 2nd quarter. HighTower Advisors LLC now owns 44,186 shares of the company’s stock valued at $4,747,000 after purchasing an additional 4,297 shares in the last quarter. Toronto Dominion Bank increased its holdings in Hershey by 13.2% in the 3rd quarter. Toronto Dominion Bank now owns 53,737 shares of the company’s stock valued at $5,865,000 after purchasing an additional 6,261 shares in the last quarter. Vaughan David Investments Inc. IL increased its holdings in Hershey by 13,195.1% in the 3rd quarter. Vaughan David Investments Inc. IL now owns 271,221 shares of the company’s stock valued at $27,787,000 after purchasing an additional 269,181 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in Hershey by 2.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 50,203 shares of the company’s stock valued at $5,504,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 51.26% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Hershey (HSY) Given a $108.00 Price Target by Susquehanna Bancshares Analysts” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://www.thecerbatgem.com/2018/01/20/hershey-hsy-given-a-108-00-price-target-by-susquehanna-bancshares-analysts.html.

About Hershey

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.

Analyst Recommendations for Hershey (NYSE:HSY)

Receive News & Ratings for Hershey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hershey and related companies with MarketBeat.com's FREE daily email newsletter.