1 day Ago By ABMN Staff
The Hershey Company ( NYSE:HSY – Get Free Report ) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 6,010,000 shares, a decline of 18.1% from the August 15th total of 7,340,000 shares.
Based on an average daily volume of 1,540,000 shares, the short-interest ratio is presently 3.9 days. Hershey Trading Down 0.
8 % NYSE:HSY opened at $199.28 on Wednesday. The firm has a market capitalization of $40.
30 billion, a P/E ratio of 19.75, a PEG ratio of 5.77 and a beta of 0.
37. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.
86 and a quick ratio of 0.48. Hershey has a one year low of $178.
82 and a one year high of $213.72. The company’s 50-day simple moving average is $195.
76 and its 200 day simple moving average is $193.91. Hershey ( NYSE:HSY – Get Free Report ) last released its earnings results on Thursday, August 1st.
The company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.
17). The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.
30 billion. Hershey had a net margin of 16.76% and a return on equity of 45.
36%. Hershey’s revenue for the quarter was down 16.7% on a year-over-year basis.
During the same quarter in the previous year, the business posted $2.01 earnings per share. As a group, analysts forecast that Hershey will post 9.
5 EPS for the current fiscal year. Hershey Dividend Announcement Analyst Upgrades and Downgrades HSY has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Hershey from $191.
00 to $199.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co.
raised their price target on shares of Hershey from $183.00 to $188.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd.
Citigroup downgraded shares of Hershey from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $195.00 to $182.00 in a research note on Tuesday, August 27th.
Argus lowered shares of Hershey from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th. Finally, Barclays reduced their price target on Hershey from $210.00 to $204.
00 and set an “equal weight” rating on the stock in a report on Tuesday, June 18th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.
com, the stock presently has an average rating of “Hold” and an average target price of $203.21. View Our Latest Stock Analysis on Hershey Insiders Place Their Bets In other Hershey news, CAO Jennifer Mccalman sold 538 shares of the stock in a transaction that occurred on Monday, August 12th.
The shares were sold at an average price of $199.17, for a total transaction of $107,153.46.
Following the transaction, the chief accounting officer now directly owns 3,238 shares in the company, valued at $644,912.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink .
In other Hershey news, CAO Jennifer Mccalman sold 538 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $199.17, for a total transaction of $107,153.
46. Following the completion of the sale, the chief accounting officer now directly owns 3,238 shares in the company, valued at $644,912.46.
The transaction was disclosed in a document filed with the SEC, which is accessible through this link . Also, CFO Steven E. Voskuil sold 1,500 shares of Hershey stock in a transaction dated Monday, June 24th.
The stock was sold at an average price of $182.93, for a total value of $274,395.00.
Following the completion of the transaction, the chief financial officer now owns 35,728 shares in the company, valued at approximately $6,535,723.04. The disclosure for this sale can be found here .
Insiders sold a total of 3,538 shares of company stock valued at $667,793 over the last 90 days. Insiders own 0.34% of the company’s stock.
Hedge Funds Weigh In On Hershey Several institutional investors and hedge funds have recently modified their holdings of the stock. Capital Advisors Ltd. LLC increased its stake in Hershey by 218.
2% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 140 shares of the company’s stock valued at $26,000 after purchasing an additional 96 shares in the last quarter.
GHP Investment Advisors Inc. grew its holdings in shares of Hershey by 55.0% during the second quarter.
GHP Investment Advisors Inc. now owns 155 shares of the company’s stock valued at $28,000 after buying an additional 55 shares during the last quarter. Riverview Trust Co bought a new stake in shares of Hershey during the first quarter valued at approximately $29,000.
OFI Invest Asset Management purchased a new position in Hershey in the 2nd quarter worth approximately $29,000. Finally, Quarry LP bought a new position in Hershey in the 4th quarter valued at approximately $34,000. 57.
96% of the stock is currently owned by institutional investors. 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; 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. Featured Stories 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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