Hershey (NYSE:HSY) had its price objective lifted by Citigroup from $140.00 to $170.00 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The firm presently has a “buy” rating on the stock. Citigroup‘s price objective suggests a potential upside of 17.10% from the company’s current price.
HSY has been the topic of several other reports. Barclays set a $46.00 price objective on shares of D. R. Horton and gave the stock a “buy” rating in a research report on Friday, April 26th. Credit Suisse Group restated a “buy” rating and issued a $241.00 target price on shares of FedEx in a research note on Thursday, May 30th. UBS Group restated a “hold” rating and issued a $7.80 target price on shares of Deutsche Bank in a research note on Friday, April 26th. Goldman Sachs Group set a €100.00 ($116.28) target price on shares of Henkel AG & Co KGaA and gave the stock a “buy” rating in a research note on Wednesday. Finally, ValuEngine cut shares of Ultrapar Participacoes from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 25th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $125.14.
Shares of Hershey stock opened at $145.18 on Thursday. Hershey has a 1 year low of $90.52 and a 1 year high of $147.59. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.92 and a quick ratio of 0.59. The stock has a market cap of $30.80 billion, a P/E ratio of 26.63, a P/E/G ratio of 3.23 and a beta of 0.11. The stock’s fifty day simple moving average is $137.27.
In related news, VP Javier H. Idrovo sold 7,385 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $120.00, for a total value of $886,200.00. Following the completion of the sale, the vice president now owns 33,336 shares in the company, valued at $4,000,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michele Buck sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $138.57, for a total transaction of $207,855.00. Following the completion of the sale, the chief executive officer now owns 158,429 shares of the company’s stock, valued at approximately $21,953,506.53. The disclosure for this sale can be found here. In the last 90 days, insiders bought 3,100 shares of company stock valued at $401,990 and sold 3,685,554 shares valued at $465,392,278. 0.41% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in HSY. Trustcore Financial Services LLC acquired a new stake in shares of Hershey in the first quarter valued at about $29,000. Bremer Bank National Association acquired a new stake in shares of Hershey in the first quarter valued at about $34,000. Cornerstone Advisors Inc. lifted its stake in shares of Hershey by 37.3% in the first quarter. Cornerstone Advisors Inc. now owns 302 shares of the company’s stock valued at $35,000 after purchasing an additional 82 shares during the period. Nelson Roberts Investment Advisors LLC acquired a new stake in shares of Hershey in the first quarter valued at about $41,000. Finally, Catalyst Capital Advisors LLC lifted its stake in shares of Hershey by 48.4% in the first quarter. Catalyst Capital Advisors LLC now owns 383 shares of the company’s stock valued at $44,000 after purchasing an additional 125 shares during the period. Hedge funds and other institutional investors own 53.55% of the company’s stock.
Hershey Company Profile
The Hershey Company, together with its subsidiaries, manufactures and sells confectionery products. The company operates through two segments, North America; and International and Other. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products comprising mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items, including spreads, meat snacks, bars and snack bites, mixes, popcorn and protein bars, and cookies.
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