News stories about Hershey (NYSE:HSY) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hershey earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.523109457815 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Kit Kat Lovers, Listen Up: Hershey Is Betting Big That You’ll Break Off More (finance.yahoo.com)
- Conagra Brands (CAG) vs. Hershey (HSY) Head to Head Analysis (americanbankingnews.com)
- The Hershey Company (HSY) – Unusual Volume in the Investor Spotlight – Wall Street Morning (wallstreetmorning.com)
- An Eye on Data – The Hershey Company (NYSE: HSY) – Stocks Pen (stockspen.com)
- Hot Stock’s Alert – The Hershey Company (NYSE: HSY) – Alpha Beta Stock (alphabetastock.com)
Several analysts recently commented on HSY shares. Susquehanna Bancshares set a $113.00 price objective on Hershey and gave the stock a “hold” rating in a research note on Monday, December 18th. Zacks Investment Research downgraded Hershey from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. JPMorgan Chase & Co. started coverage on Hershey in a research note on Wednesday, February 14th. They issued a “neutral” rating and a $106.00 price target on the stock. Morgan Stanley downgraded Hershey from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 10th. Finally, Berenberg Bank raised Hershey from a “sell” rating to a “hold” rating and set a $90.00 price target on the stock in a research note on Monday, December 18th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $111.53.
Hershey (NYSE:HSY) last announced its quarterly earnings data on Thursday, February 1st. The company reported $1.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.03). The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.96 billion. Hershey had a net margin of 10.42% and a return on equity of 116.74%. Hershey’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.17 EPS. sell-side analysts anticipate that Hershey will post 5.36 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, February 23rd will be issued a $0.656 dividend. This represents a $2.62 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, February 22nd. Hershey’s payout ratio is 74.64%.
In other news, CEO Michele Buck sold 400 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $111.55, for a total value of $44,620.00. Following the completion of the transaction, the chief executive officer now owns 163,697 shares in the company, valued at approximately $18,260,400.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.92% of the stock is owned by company insiders.
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Hershey 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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