Hershey (NYSE:HSY) Price Target Cut to $146.00 by Analysts at Bernstein Bank

Hershey (NYSE:HSY) had its target price reduced by Bernstein Bank from $177.00 to $146.00 in a report issued on Wednesday morning. Bernstein Bank currently has a market perform rating on the stock.

Other equities analysts have also recently issued reports about the stock. Redburn Atlantic initiated coverage on shares of Hershey in a research note on Tuesday, October 22nd. They set a “sell” rating and a $165.00 price target for the company. Citigroup lowered their price target on shares of Hershey from $165.00 to $159.00 and set a “sell” rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus reduced their price objective on shares of Hershey from $180.00 to $170.00 and set a “hold” rating for the company in a research note on Friday, January 24th. TD Cowen decreased their price objective on Hershey from $190.00 to $172.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped their target price on Hershey from $171.00 to $151.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Seven investment analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $167.10.

Hershey Stock Up 0.8 %

HSY stock opened at $145.96 on Wednesday. The business has a 50-day moving average of $165.80 and a 200-day moving average of $181.22. Hershey has a fifty-two week low of $140.13 and a fifty-two week high of $211.92. The stock has a market capitalization of $29.53 billion, a P/E ratio of 16.82, a P/E/G ratio of 4.30 and a beta of 0.37. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.85 and a quick ratio of 0.54.

Insider Buying and Selling at Hershey

In other news, CAO Jennifer Mccalman sold 278 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $148.00, for a total value of $41,144.00. Following the transaction, the chief accounting officer now owns 2,682 shares of the company’s stock, valued at approximately $396,936. This represents a 9.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.34% of the company’s stock.

Institutional Trading of Hershey

Several institutional investors have recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in Hershey during the 3rd quarter worth $25,000. Grove Bank & Trust grew its stake in shares of Hershey by 248.0% in the fourth quarter. Grove Bank & Trust now owns 174 shares of the company’s stock valued at $29,000 after acquiring an additional 124 shares in the last quarter. ST Germain D J Co. Inc. increased its position in Hershey by 61.7% during the fourth quarter. ST Germain D J Co. Inc. now owns 262 shares of the company’s stock worth $44,000 after acquiring an additional 100 shares during the period. Peterson Financial Group Inc. acquired a new stake in Hershey in the 3rd quarter worth about $46,000. Finally, Future Financial Wealth Managment LLC bought a new stake in Hershey in the 3rd quarter valued at about $48,000. 57.96% of the stock is currently owned by institutional investors.

Hershey Company Profile

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.