Susquehanna Bancshares Inc set a $118.00 price objective on Hershey Company (The) (NYSE:HSY) in a research note issued to investors on Wednesday morning. The brokerage currently has a hold rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Credit Suisse Group reiterated an outperform rating on shares of Hershey Company (The) in a research note on Sunday, April 23rd. Deutsche Bank AG decreased their target price on shares of Hershey Company (The) from $117.00 to $114.00 and set a hold rating for the company in a research note on Friday, April 28th. Zacks Investment Research lowered shares of Hershey Company (The) from a buy rating to a hold rating in a research note on Wednesday, April 5th. J P Morgan Chase & Co reiterated a neutral rating and set a $116.00 target price (down from $119.00) on shares of Hershey Company (The) in a research note on Wednesday, June 28th. Finally, BidaskClub lowered shares of Hershey Company (The) from a buy rating to a hold rating in a research note on Tuesday, June 27th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $109.02.

Shares of Hershey Company (NYSE:HSY) opened at 106.07 on Wednesday. The stock has a market capitalization of $22.60 billion, a P/E ratio of 33.89 and a beta of 0.38. Hershey Company has a 52-week low of $94.03 and a 52-week high of $116.49. The firm has a 50-day moving average price of $108.30 and a 200-day moving average price of $108.56.

Hershey Company (The) (NYSE:HSY) last announced its earnings results on Wednesday, July 26th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.19. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.65 billion. Hershey Company (The) had a net margin of 8.95% and a return on equity of 119.66%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS. On average, analysts predict that Hershey Company will post $4.81 EPS for the current year.

TRADEMARK VIOLATION WARNING: This story was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://www.watchlistnews.com/hershey-company-the-nysehsy-given-a-118-00-price-target-by-susquehanna-bancshares-inc-analysts/1462361.html.

The company 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 $0.656 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $2.62 annualized dividend and a yield of 2.47%. This is an increase from Hershey Company (The)’s previous quarterly dividend of $0.62. Hershey Company (The)’s dividend payout ratio is currently 78.66%.

In related news, SVP D Michael Wege sold 1,100 shares of the company’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $105.45, for a total value of $115,995.00. Following the completion of the transaction, the senior vice president now owns 27,866 shares of the company’s stock, valued at approximately $2,938,469.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David L. Shedlarz sold 4,500 shares of the company’s stock in a transaction on Wednesday, May 31st. The stock was 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 107,593 shares of company stock valued at $12,192,938 in the last ninety days. 0.92% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of HSY. Teachers Advisors LLC increased its position in shares of Hershey Company (The) 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 in the last quarter. Conning Inc. increased its position in shares of Hershey Company (The) 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 in the last quarter. Macquarie Group Ltd. increased its position in shares of Hershey Company (The) 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 in the last quarter. Pennsylvania Trust Co increased its position in shares of Hershey Company (The) 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 in the last quarter. Finally, Martingale Asset Management L P increased its position in shares of Hershey Company (The) by 9.0% in the first quarter. Martingale Asset Management L P now owns 124,909 shares of the company’s stock valued at $13,647,000 after buying an additional 10,303 shares in the last quarter. 51.26% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Hershey Company (The) (NYSE:HSY)

Receive News & Ratings for Hershey Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hershey Company (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.