Hershey Company (The) (HSY) Earning Somewhat Favorable Media Coverage, Study Shows
News stories about Hershey Company (The) (NYSE:HSY) have been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hershey Company (The) earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.6295003103709 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- How Kellogg Compares to Its Peers on Valuation (finance.yahoo.com)
- See what the IHS Markit Score report has to say about Hershey Co. (finance.yahoo.com)
- Kellogg: How Were Its Sales in International Markets? (finance.yahoo.com)
- How Mondelēz’s Margins Fared in 2Q17 (finance.yahoo.com)
- Analysts’ Ratings on Mondelēz Stock after Its 2Q17 Earnings (finance.yahoo.com)
A number of research analysts recently issued reports on the stock. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $115.00 price objective (down from $119.00) on shares of Hershey Company (The) in a research note on Friday, June 2nd. BidaskClub cut shares of Hershey Company (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Deutsche Bank AG decreased their price objective on shares of Hershey Company (The) from $117.00 to $114.00 and set a “hold” rating on the stock in a research note on Friday, April 28th. Zacks Investment Research raised shares of Hershey Company (The) from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a research note on Wednesday, June 28th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a $116.00 price objective (down from $119.00) on shares of Hershey Company (The) in a research note on Wednesday, June 28th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $109.14.
Shares of Hershey Company (HSY) traded up 0.05% during trading on Thursday, hitting $105.30. 552,563 shares of the stock were exchanged. Hershey Company has a 52 week low of $94.03 and a 52 week high of $116.49. The firm has a market capitalization of $22.37 billion, a price-to-earnings ratio of 33.64 and a beta of 0.38. The stock’s 50 day moving average price is $106.47 and its 200 day moving average price is $108.58.
Hershey Company (The) (NYSE:HSY) last released its earnings results on Wednesday, July 26th. The company reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.19. Hershey Company (The) had a net margin of 8.95% and a return on equity of 119.66%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the firm earned $0.85 EPS. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities analysts predict that Hershey Company will post $4.82 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a dividend of $0.656 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $2.62 annualized dividend and a dividend yield of 2.49%. This is a positive change from Hershey Company (The)’s previous quarterly dividend of $0.62. Hershey Company (The)’s dividend payout ratio (DPR) is currently 78.66%.
In related news, SVP Terence L. O’day sold 7,678 shares of the stock in a transaction on Friday, May 12th. The shares were sold at an average price of $107.00, for a total transaction of $821,546.00. Following the transaction, the senior vice president now owns 37,428 shares of the company’s stock, valued at approximately $4,004,796. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP D Michael Wege sold 14,440 shares of the stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $115.55, for a total transaction of $1,668,542.00. Following the transaction, the senior vice president now directly owns 42,506 shares in the company, valued at approximately $4,911,568.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 105,086 shares of company stock worth $11,922,182. 0.92% of the stock is owned by insiders.
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Hershey Company (The) 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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