1 week Ago By ABMN Staff
The Hershey Company ( NYSE:HSY – Get Free Report ) has received an average rating of “Reduce” from the nineteen ratings firms that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company.
The average 1 year price target among brokers that have issued ratings on the stock in the last year is $184.61. Several research firms have recently commented on HSY.
Jefferies Financial Group reduced their price target on Hershey from $163.00 to $161.00 and set an “underperform” rating for the company in a research report on Thursday, October 31st.
Piper Sandler boosted their target price on shares of Hershey from $165.00 to $168.00 and gave the stock a “neutral” rating in a report on Friday, November 8th.
Deutsche Bank Aktiengesellschaft raised their price target on shares of Hershey from $191.00 to $199.00 and gave the company a “hold” rating in a report on Tuesday, September 10th.
Mizuho decreased their target price on shares of Hershey from $195.00 to $170.00 and set a “neutral” rating for the company in a research report on Monday, December 23rd.
Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $183.00 target price on shares of Hershey in a research note on Tuesday, December 10th. Read Our Latest Stock Report on Hershey Hershey Stock Up 0.
1 % Hershey Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, November 18th were given a dividend of $1.37 per share.
The ex-dividend date was Monday, November 18th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 3.
24%. Hershey’s dividend payout ratio (DPR) is 63.13%.
Institutional Investors Weigh In On Hershey Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in shares of Hershey by 35.4% in the fourth quarter.
GAMMA Investing LLC now owns 5,489 shares of the company’s stock valued at $930,000 after purchasing an additional 1,435 shares during the period. Principal Financial Group Inc. lifted its position in shares of Hershey by 66.
7% in the third quarter. Principal Financial Group Inc. now owns 972,836 shares of the company’s stock valued at $186,571,000 after acquiring an additional 389,404 shares in the last quarter.
Franklin Resources Inc. boosted its stake in shares of Hershey by 95.4% in the third quarter.
Franklin Resources Inc. now owns 218,055 shares of the company’s stock worth $40,558,000 after acquiring an additional 106,450 shares during the last quarter. Tidal Investments LLC increased its position in shares of Hershey by 14.
9% during the third quarter. Tidal Investments LLC now owns 8,360 shares of the company’s stock worth $1,603,000 after purchasing an additional 1,083 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its stake in Hershey by 2.
1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 116,432 shares of the company’s stock valued at $22,329,000 after purchasing an additional 2,391 shares during the last quarter. Hedge funds and other institutional investors own 57.
96% of the company’s stock. Hershey Company Profile ( 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; protein bars; 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 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 .
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