Hershey Company (The) (HSY) Given Daily News Impact Score of 0.16
News stories about Hershey Company (The) (NYSE:HSY) have trended somewhat positive this week, according to Accern. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hershey Company (The) earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.6328103052319 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Dividend Stock to Note: The Hershey Company (HSY)’s Yield stick at 2.49% – Voice Of Analysts (analystsbuzz.com)
- With Dipping Cocoa Prices, Will Hershey Make a Sweet Choice? (finance.yahoo.com)
- Hershey acquires shares from Hershey Trust (seekingalpha.com)
- Insider Trading Activity Hershey Company (The) (NYSE:HSY) – Major Shareholder Sold 4,500,000 shares of Stock (4-traders.com)
- Hershey: Solid Dividend Payer, But This 4% Yielding Microcap Stock Might Be Better – Seeking Alpha (seekingalpha.com)
HSY has been the topic of a number of research reports. Sanford C. Bernstein upgraded Hershey Company (The) from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $109.00 to $127.00 in a research report on Thursday, August 17th. Susquehanna Bancshares Inc set a $115.00 price objective on Hershey Company (The) and gave the company a “hold” rating in a research report on Saturday, June 17th. Zacks Investment Research cut Hershey Company (The) from a “buy” rating to a “sell” rating in a research report on Thursday, June 29th. Royal Bank Of Canada restated a “hold” rating and set a $114.00 price objective on shares of Hershey Company (The) in a research report on Friday, July 21st. Finally, BidaskClub cut Hershey Company (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $111.48.
Shares of Hershey Company (NYSE:HSY) opened at 104.40 on Thursday. The company has a market capitalization of $22.18 billion, a PE ratio of 33.35 and a beta of 0.38. The firm has a 50-day moving average price of $105.90 and a 200-day moving average price of $108.60. Hershey Company has a 12 month low of $94.03 and a 12 month high of $116.49.
Hershey Company (The) (NYSE:HSY) last posted its earnings results on Wednesday, July 26th. The company reported $1.09 earnings per share (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 the consensus estimate of $1.65 billion. Hershey Company (The) had a return on equity of 119.66% and a net margin of 8.95%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.85 earnings per share. On average, equities research analysts predict that Hershey Company will post $4.82 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given 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 2.51%. This is an increase from Hershey Company (The)’s previous quarterly dividend of $0.62. Hershey Company (The)’s dividend payout ratio is currently 83.44%.
In related news, SVP D Michael Wege sold 1,100 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $114.04, for a total value of $125,444.00. Following the sale, the senior vice president now owns 27,966 shares in the company, valued at $3,189,242.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Hershey Trust Co Trustee In Tr sold 4,500,000 shares of the stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $106.01, for a total value of $477,045,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,551,154 shares of company stock worth $482,840,181. Company insiders own 0.92% of the company’s stock.
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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