Hershey Co (NYSE:HSY) insider Todd W. Tillemans acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, November 6th. The stock was purchased at an average price of $107.32 per share, for a total transaction of $214,640.00. Following the completion of the transaction, the insider now owns 10,878 shares in the company, valued at $1,167,426.96. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of NYSE HSY opened at $107.07 on Friday. The firm has a market cap of $22.58 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 2.36 and a beta of 0.17. Hershey Co has a one year low of $89.10 and a one year high of $115.82. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.69 and a current ratio of 1.01.
Hershey (NYSE:HSY) last issued its earnings results on Thursday, October 25th. The company reported $1.55 EPS for the quarter, hitting the consensus estimate of $1.55. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.08 billion. Hershey had a net margin of 13.20% and a return on equity of 102.30%. Analysts forecast that Hershey Co will post 5.37 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of HSY. Hamel Associates Inc. boosted its position in shares of Hershey by 17.5% in the 3rd quarter. Hamel Associates Inc. now owns 3,525 shares of the company’s stock worth $360,000 after buying an additional 525 shares in the last quarter. First National Trust Co boosted its position in shares of Hershey by 8.5% in the 3rd quarter. First National Trust Co now owns 6,756 shares of the company’s stock worth $689,000 after buying an additional 529 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Hershey by 2.9% in the 2nd quarter. CIBC Asset Management Inc now owns 18,971 shares of the company’s stock worth $1,765,000 after buying an additional 541 shares in the last quarter. Domani Wealth LLC boosted its position in shares of Hershey by 9.0% in the 2nd quarter. Domani Wealth LLC now owns 6,652 shares of the company’s stock worth $619,000 after buying an additional 551 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its position in shares of Hershey by 4.6% in the 2nd quarter. CENTRAL TRUST Co now owns 13,461 shares of the company’s stock worth $1,253,000 after buying an additional 598 shares in the last quarter. Institutional investors own 52.73% of the company’s stock.
A number of equities analysts recently weighed in on HSY shares. Deutsche Bank set a $110.00 price objective on shares of Hershey and gave the company a “hold” rating in a research report on Friday, September 14th. Zacks Investment Research upgraded shares of Hershey from a “hold” rating to a “buy” rating and set a $116.00 price objective on the stock in a research report on Monday, September 24th. Credit Suisse Group upgraded shares of Hershey from an “underperform” rating to a “neutral” rating and set a $104.00 price objective on the stock in a research report on Tuesday, October 30th. Morgan Stanley lifted their price objective on shares of Hershey from $93.00 to $98.00 and gave the company an “underweight” rating in a research report on Friday, July 27th. Finally, Stifel Nicolaus lifted their price objective on shares of Hershey from $90.00 to $95.00 and gave the company a “hold” rating in a research report on Friday, July 27th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $103.81.
Hershey Company Profile
The Hershey Company, together with its subsidiaries, manufactures and sells confectionery products. The company operates through two segments, North America; and International and Other. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products comprising mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items, including spreads, meat snacks, bars and snack bites, mixes, popcorn and protein bars, and cookies.
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