Mizuho Cuts Hershey (NYSE:HSY) Price Target to $170.00

Hershey (NYSE:HSY) had its price target lowered by analysts at Mizuho from $195.00 to $170.00 in a research note issued on Monday,Briefing.com Automated Import reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s price objective indicates a potential upside of 1.67% from the company’s current price.

Several other research firms also recently weighed in on HSY. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Hershey from $191.00 to $199.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Wells Fargo & Company lowered Hershey from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $175.00 to $160.00 in a research note on Thursday, December 12th. JPMorgan Chase & Co. dropped their price target on Hershey from $188.00 to $180.00 and set a “neutral” rating on the stock in a research note on Monday, October 14th. Stifel Nicolaus reduced their price objective on Hershey from $195.00 to $180.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Finally, Bank of America reiterated a “neutral” rating and issued a $180.00 target price on shares of Hershey in a research report on Thursday, December 12th. Six equities research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. According to data from MarketBeat.com, Hershey presently has a consensus rating of “Hold” and an average price target of $184.61.

Hershey Stock Down 1.8 %

Shares of NYSE:HSY traded down $3.06 on Monday, reaching $167.20. The company had a trading volume of 300,011 shares, compared to its average volume of 1,820,021. The firm has a market capitalization of $33.83 billion, a PE ratio of 19.26, a PEG ratio of 4.24 and a beta of 0.37. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.76. Hershey has a 52-week low of $167.12 and a 52-week high of $211.92. The firm’s 50 day simple moving average is $178.57 and its 200-day simple moving average is $187.55.

Hedge Funds Weigh In On Hershey

Large investors have recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its stake in shares of Hershey by 66.7% in the 3rd quarter. Principal Financial Group Inc. now owns 972,836 shares of the company’s stock valued at $186,571,000 after purchasing an additional 389,404 shares in the last quarter. Franklin Resources Inc. lifted its position in Hershey by 95.4% during the third quarter. Franklin Resources Inc. now owns 218,055 shares of the company’s stock valued at $40,558,000 after buying an additional 106,450 shares in the last quarter. Tidal Investments LLC grew its stake in Hershey by 14.9% during the third quarter. Tidal Investments LLC now owns 8,360 shares of the company’s stock worth $1,603,000 after buying an additional 1,083 shares during the period. Wilmington Savings Fund Society FSB increased its position in shares of Hershey by 2.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 116,432 shares of the company’s stock worth $22,329,000 after acquiring an additional 2,391 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co grew its stake in shares of Hershey by 2.8% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 5,697 shares of the company’s stock valued at $1,093,000 after buying an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

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.