The Susquehanna Bancshares Inc Reaffirms Neutral Rating for Hershey Co (HSY)

The Susquehanna Bancshares Inc Reaffirms Neutral Rating for Hershey Co (HSY)

A number of other research firms also recently commented on HSY. Royal Bank of Canada raised their target price on Hershey from $110.00 to $112.00 and gave the company a “sector perform” rating in a report on Monday, February 6th. Deutsche Bank AG reduced their target price on Hershey from $117.00 to $114.00 and set a “hold” rating for the company in a report on Friday, April 28th. Zacks Investment Research downgraded Hershey from a “buy” rating to a “hold” rating in a research note on Wednesday, April 5th. Morgan Stanley lifted their price target on Hershey from $103.00 to $111.00 and gave the stock an “equal weight” rating in a research note on Monday, February 27th. Finally, Vetr downgraded 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 Monday, February 6th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $108.02.

Hershey Co (NYSE:HSY)‘s stock had its “neutral” rating reissued by Susquehanna Bancshares Inc in a research note issued on Friday. They currently have a $115.00 target price on the stock, down from their previous target price of $119.00. Susquehanna Bancshares Inc’s price target would indicate a potential downside of 0.76% from the company’s previous close.

Hershey (HSY) opened at 115.88 on Friday. The firm has a market capitalization of $24.66 billion, a PE ratio of 40.56 and a beta of 0.32. Hershey has a 52-week low of $92.36 and a 52-week high of $117.79. The firm’s 50-day moving average is $109.79 and its 200-day moving average is $106.28.

Hershey (NYSE:HSY) last released its earnings results on Wednesday, April 26th. The company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.05. Hershey had a return on equity of 110.82% and a net margin of 9.68%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the company earned $1.10 earnings per share. Hershey’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, analysts anticipate that Hershey will post $4.81 earnings per share for the current year. The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, May 25th will be paid a $0.618 dividend. This represents a $2.47 annualized dividend and a yield of 2.13%. The ex-dividend date is Tuesday, May 23rd. Hershey’s payout ratio is 73.73%.

Hershey (NYSE:HSY) last released its earnings results on Wednesday, April 26th. The company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.05. Hershey had a return on equity of 110.82% and a net margin of 9.68%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the company earned $1.10 earnings per share. Hershey’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, analysts anticipate that Hershey will post $4.81 earnings per share for the current year. In related news, SVP D Michael Wege sold 1,100 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $106.99, for a total value of $117,689.00. Following the completion of the transaction, the senior vice president now owns 28,066 shares of the company’s stock, valued at approximately $3,002,781.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David L. Shedlarz sold 4,500 shares of the business’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $115.45, for a total transaction of $519,525.00. Following the completion of the transaction, the director now directly owns 15,342 shares of the company’s stock, valued at approximately $1,771,233.90. The disclosure for this sale can be found here. Insiders sold a total of 44,170 shares of company stock valued at $4,926,579 in the last three months. 0.68% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Elkfork Partners LLC purchased a new position in shares of Hershey during the fourth quarter valued at $901,000. Teachers Advisors LLC increased its position in shares of Hershey by 73.7% in the fourth quarter. Teachers Advisors LLC now owns 414,428 shares of the company’s stock valued at $42,864,000 after buying an additional 175,805 shares during the last quarter. Conning Inc. increased its position in shares of Hershey by 5.0% in the first quarter. Conning Inc. now owns 4,020 shares of the company’s stock valued at $439,000 after buying an additional 190 shares during the last quarter. Pennsylvania Trust Co increased its position in shares of Hershey by 1.7% in the first quarter. Pennsylvania Trust Co now owns 48,420 shares of the company’s stock valued at $5,290,000 after buying an additional 800 shares during the last quarter. Finally, Macquarie Group Ltd. increased its position in shares of Hershey by 323.5% in the fourth quarter. Macquarie Group Ltd. now owns 7,200 shares of the company’s stock valued at $745,000 after buying an additional 5,500 shares during the last quarter. 52.07% of the stock is owned by hedge funds and other institutional investors. About Hershey

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “HSY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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