Hershey Co (NYSE:HSY) SVP D Michael Wege sold 1,100 shares of the stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $108.29, for a total value of $119,119.00. Following the completion of the transaction, the senior vice president now owns 28,166 shares of the company’s stock, valued at $3,050,096.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
D Michael Wege also recently made the following trade(s):
- On Wednesday, March 15th, D Michael Wege sold 1,100 shares of Hershey stock. The shares were sold at an average price of $108.72, for a total value of $119,592.00.
- On Wednesday, February 15th, D Michael Wege sold 1,100 shares of Hershey stock. The shares were sold at an average price of $108.11, for a total value of $118,921.00.
Hershey Co (NYSE:HSY) traded up 0.26% on Thursday, hitting $108.91. The stock had a trading volume of 690,259 shares. The company has a market cap of $23.13 billion, a P/E ratio of 32.61 and a beta of 0.32. The stock has a 50 day moving average price of $108.79 and a 200 day moving average price of $103.46. Hershey Co has a 1-year low of $87.92 and a 1-year high of $117.79.
Hershey (NYSE:HSY) last issued its earnings results on Friday, February 3rd. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.08 by $0.09. Hershey had a return on equity of 110.82% and a net margin of 9.68%. The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the business posted $1.08 EPS. The company’s revenue was up 3.2% compared to the same quarter last year. On average, equities research analysts expect that Hershey Co will post $4.78 EPS for the current fiscal year.
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Several equities research analysts have recently weighed in on the company. Citigroup Inc reissued a “buy” rating on shares of Hershey in a research note on Friday, January 20th. BMO Capital Markets reissued a “market perform” rating and issued a $105.00 price target on shares of Hershey in a research note on Sunday, March 5th. Vetr cut Hershey from a “sell” rating to a “strong sell” rating and set a $94.40 price target for the company. in a research note on Tuesday, January 24th. Zacks Investment Research cut Hershey from a “hold” rating to a “sell” rating in a research note on Tuesday, January 24th. Finally, Morgan Stanley increased their price target on Hershey from $103.00 to $111.00 and gave the company an “equal weight” rating in a research note on Monday, February 27th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $108.31.
A number of hedge funds have recently modified their holdings of the stock. Asset Planning Services Ltd. increased its stake in shares of Hershey by 89.6% in the fourth quarter. Asset Planning Services Ltd. now owns 1,058 shares of the company’s stock valued at $109,000 after buying an additional 500 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of Hershey during the fourth quarter valued at approximately $134,000. Parallel Advisors LLC acquired a new stake in shares of Hershey during the fourth quarter valued at approximately $144,000. Hirtle Callaghan & Co LLC increased its stake in shares of Hershey by 245.5% in the third quarter. Hirtle Callaghan & Co LLC now owns 1,548 shares of the company’s stock valued at $148,000 after buying an additional 1,100 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its stake in shares of Hershey by 70.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,700 shares of the company’s stock valued at $163,000 after buying an additional 700 shares in the last quarter. Institutional investors and hedge funds own 52.07% of the company’s stock.
Hershey 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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