Deutsche Bank AG reiterated their hold rating on shares of Hershey Company (The) (NYSE:HSY) in a report published on Thursday morning. Deutsche Bank AG currently has a $111.00 target price on the stock, down from their prior target price of $112.00.

HSY has been the subject of a number of other reports. Credit Suisse Group reiterated an outperform rating on shares of Hershey Company (The) in a report on Sunday, April 23rd. J P Morgan Chase & Co restated a neutral rating and set a $116.00 target price (down from $119.00) on shares of Hershey Company (The) in a report on Wednesday, June 28th. BidaskClub cut Hershey Company (The) from a buy rating to a hold rating in a report on Tuesday, June 27th. Susquehanna Bancshares Inc restated a neutral rating and set a $115.00 target price (down from $119.00) on shares of Hershey Company (The) in a report on Friday, June 2nd. Finally, Zacks Investment Research cut Hershey Company (The) from a buy rating to a hold rating in a report on Wednesday, April 5th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $109.02.

Shares of Hershey Company (NYSE HSY) traded down 0.79% during mid-day trading on Thursday, hitting $105.23. The stock had a trading volume of 482,462 shares. 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 $108.30 and a 200-day moving average price of $108.56. The stock has a market cap of $22.36 billion, a P/E ratio of 33.62 and a beta of 0.38.

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

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued a $0.656 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $2.62 annualized dividend and a yield of 2.47%. This is a boost from Hershey Company (The)’s previous quarterly dividend of $0.62. Hershey Company (The)’s dividend payout ratio (DPR) is 78.66%.

In other Hershey Company (The) news, Director David L. Shedlarz sold 4,500 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $115.45, for a total value of $519,525.00. Following the completion of the sale, the director now owns 15,342 shares in the company, valued at approximately $1,771,233.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Terence L. O’day sold 37,875 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $113.88, for a total value of $4,313,205.00. Following the completion of the sale, the senior vice president now owns 75,303 shares of the company’s stock, valued at approximately $8,575,505.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 105,086 shares of company stock valued at $11,922,182. Company insiders own 0.92% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the company. Invictus RG purchased a new position in shares of Hershey Company (The) during the first quarter valued at about $155,000. Independent Portfolio Consultants Inc. raised its position in shares of Hershey Company (The) by 139.5% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,521 shares of the company’s stock valued at $163,000 after buying an additional 886 shares in the last quarter. YorkBridge Wealth Partners LLC raised its position in shares of Hershey Company (The) by 43.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,565 shares of the company’s stock valued at $168,000 after buying an additional 475 shares in the last quarter. Enterprise Financial Services Corp raised its position in shares of Hershey Company (The) by 0.8% in the first quarter. Enterprise Financial Services Corp now owns 1,681 shares of the company’s stock valued at $184,000 after buying an additional 14 shares in the last quarter. Finally, Johnson Financial Group Inc. raised its position in shares of Hershey Company (The) by 9.5% in the first quarter. Johnson Financial Group Inc. now owns 1,733 shares of the company’s stock valued at $189,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 51.27% of the company’s stock.

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)

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