Hershey (NYSE:HSY) PT Raised to $210.00 at Barclays

Hershey (NYSE:HSYGet Free Report) had its price objective upped by analysts at Barclays from $200.00 to $210.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential upside of 7.93% from the company’s current price.

Several other equities research analysts have also recently weighed in on HSY. DA Davidson began coverage on Hershey in a report on Friday, December 8th. They issued a “neutral” rating and a $205.00 price objective for the company. Piper Sandler cut Hershey from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $240.00 to $200.00 in a report on Wednesday, November 29th. Wells Fargo & Company increased their price objective on Hershey from $190.00 to $210.00 and gave the stock an “equal weight” rating in a report on Friday. Stifel Nicolaus increased their target price on Hershey from $195.00 to $205.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. Finally, Citigroup started coverage on Hershey in a research report on Thursday, February 1st. They issued a “neutral” rating and a $213.00 target price for the company. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $228.33.

Check Out Our Latest Report on Hershey

Hershey Stock Performance

Shares of NYSE:HSY traded down $0.88 during midday trading on Monday, reaching $194.57. 1,928,487 shares of the company traded hands, compared to its average volume of 1,823,880. The firm has a market capitalization of $39.79 billion, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 2.63 and a beta of 0.36. The company has a quick ratio of 0.52, a current ratio of 0.97 and a debt-to-equity ratio of 0.92. The firm’s fifty day moving average price is $189.41 and its two-hundred day moving average price is $199.04. Hershey has a 12 month low of $178.82 and a 12 month high of $276.88.

Hershey (NYSE:HSYGet Free Report) last posted its quarterly earnings data on Thursday, February 8th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.07. Hershey had a return on equity of 51.79% and a net margin of 16.67%. The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same period in the prior year, the business earned $2.02 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities analysts expect that Hershey will post 9.6 earnings per share for the current year.

Insider Transactions at Hershey

In other Hershey news, CFO Steven E. Voskuil sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $192.71, for a total transaction of $289,065.00. Following the sale, the chief financial officer now directly owns 32,816 shares of the company’s stock, valued at $6,323,971.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Charles R. Raup sold 2,065 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $191.85, for a total value of $396,170.25. Following the completion of the sale, the insider now owns 14,770 shares in the company, valued at $2,833,624.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven E. Voskuil sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $192.71, for a total value of $289,065.00. Following the completion of the sale, the chief financial officer now owns 32,816 shares of the company’s stock, valued at approximately $6,323,971.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,018 shares of company stock valued at $1,331,734. 0.22% of the stock is currently owned by insiders.

Institutional Trading of Hershey

A number of hedge funds have recently bought and sold shares of HSY. Blair William & Co. IL increased its position in shares of Hershey by 3.1% during the first quarter. Blair William & Co. IL now owns 30,767 shares of the company’s stock worth $6,665,000 after purchasing an additional 916 shares in the last quarter. Dakota Wealth Management acquired a new position in shares of Hershey during the first quarter worth $238,000. Sequoia Financial Advisors LLC increased its position in shares of Hershey by 28.8% during the first quarter. Sequoia Financial Advisors LLC now owns 1,566 shares of the company’s stock worth $339,000 after purchasing an additional 350 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Hershey by 1.6% during the first quarter. Vanguard Group Inc. now owns 14,057,990 shares of the company’s stock worth $3,045,383,000 after purchasing an additional 216,715 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. increased its position in shares of Hershey by 10.8% during the first quarter. Candriam Luxembourg S.C.A. now owns 32,183 shares of the company’s stock worth $6,972,000 after purchasing an additional 3,129 shares in the last quarter. Hedge funds and other institutional investors own 56.47% of the company’s stock.

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; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.

Further Reading

Analyst Recommendations for Hershey (NYSE:HSY)

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