Media stories about Hershey Company (The) (NYSE:HSY) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hershey Company (The) earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.5263104624643 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of analysts have issued reports on HSY shares. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $115.00 price target (down from $119.00) on shares of Hershey Company (The) in a research note on Friday, June 2nd. BidaskClub lowered shares of Hershey Company (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. J P Morgan Chase & Co reiterated a “neutral” rating and set a $116.00 price target (down from $119.00) on shares of Hershey Company (The) in a research note on Wednesday, June 28th. Zacks Investment Research upgraded shares of Hershey Company (The) from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a research note on Wednesday, June 28th. Finally, Morgan Stanley cut their price target on shares of Hershey Company (The) from $111.00 to $108.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 18th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $111.48.
Hershey Company (NYSE HSY) traded up 1.08% during mid-day trading on Friday, hitting $110.50. 1,224,543 shares of the company were exchanged. The stock has a market cap of $23.48 billion, a price-to-earnings ratio of 35.30 and a beta of 0.38. Hershey Company has a 12 month low of $94.03 and a 12 month high of $116.49. The firm has a 50 day moving average price of $106.42 and a 200 day moving average price of $108.51.
Hershey Company (The) (NYSE:HSY) last released its quarterly earnings results on Wednesday, July 26th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.90 by $0.19. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.65 billion. Hershey Company (The) had a return on equity of 119.66% and a net margin of 8.95%. Hershey Company (The)’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 EPS. Analysts anticipate that Hershey Company will post $4.82 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were given a dividend of $0.656 per share. The ex-dividend date was Wednesday, August 23rd. This is a positive change from Hershey Company (The)’s previous quarterly dividend of $0.62. This represents a $2.62 annualized dividend and a yield of 2.37%. Hershey Company (The)’s payout ratio is 83.44%.
In other Hershey Company (The) news, insider Michele Buck sold 400 shares of Hershey Company (The) stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $108.00, for a total transaction of $43,200.00. Following the sale, the insider now directly owns 165,697 shares in the company, valued at approximately $17,895,276. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP D Michael Wege sold 1,100 shares of Hershey Company (The) stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $105.45, for a total value of $115,995.00. Following the sale, the senior vice president now owns 27,866 shares in the company, valued at $2,938,469.70. The disclosure for this sale can be found here. Insiders have sold a total of 4,509,773 shares of company stock worth $478,121,705 over the last three months. 0.92% of the stock is currently owned by corporate insiders.
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About Hershey Company (The)
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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