$1.65 Billion in Sales Expected for Hershey Company (The) (HSY) This Quarter

Equities research analysts expect Hershey Company (The) (NYSE:HSY) to announce sales of $1.65 billion for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Hershey Company (The)’s earnings. The lowest sales estimate is $1.63 billion and the highest is $1.67 billion. Hershey Company (The) posted sales of $1.64 billion during the same quarter last year, which would indicate a positive year over year growth rate of 0.6%. The business is scheduled to report its next earnings report before the market opens on Wednesday, July 26th.

According to Zacks, analysts expect that Hershey Company (The) will report full year sales of $1.65 billion for the current financial year, with estimates ranging from $7.56 billion to $7.60 billion. For the next fiscal year, analysts forecast that the firm will report sales of $7.72 billion per share, with estimates ranging from $7.68 billion to $7.76 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Hershey Company (The).

Hershey Company (The) (NYSE:HSY) last announced its quarterly earnings data on Wednesday, April 26th. The company reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.05. Hershey Company (The) had a return on equity of 117.02% and a net margin of 8.21%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the company posted $1.10 earnings per share. The business’s revenue was up 2.8% on a year-over-year basis.

Several equities research analysts have recently issued reports on HSY shares. Susquehanna Bancshares Inc set a $115.00 price objective on Hershey Company (The) and gave the company a “hold” rating in a research note on Saturday, June 17th. Zacks Investment Research lowered Hershey Company (The) from a “buy” rating to a “sell” rating in a research note on Thursday, June 29th. Deutsche Bank AG decreased their price target on Hershey Company (The) from $117.00 to $114.00 and set a “hold” rating for the company in a research note on Friday, April 28th. BidaskClub lowered Hershey Company (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Credit Suisse Group reissued an “outperform” rating on shares of Hershey Company (The) in a research note on Sunday, April 23rd. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $108.66.

Shares of Hershey Company (NYSE:HSY) traded up 0.40% during mid-day trading on Friday, reaching $105.22. The company’s stock had a trading volume of 206,670 shares. The company has a 50-day moving average price of $112.17 and a 200 day moving average price of $108.15. Hershey Company has a 52-week low of $94.03 and a 52-week high of $116.49. The company has a market cap of $22.39 billion, a PE ratio of 36.83 and a beta of 0.38.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, May 25th were given a dividend of $0.618 per share. This represents a $2.47 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date was Tuesday, May 23rd. Hershey Company (The)’s dividend payout ratio (DPR) is presently 86.06%.

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In other news, SVP D Michael Wege sold 1,100 shares of Hershey Company (The) stock in a transaction on Monday, April 17th. The stock was sold at an average price of $108.29, for a total value of $119,119.00. Following the transaction, the senior vice president now directly owns 28,166 shares in the company, valued at approximately $3,050,096.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Javier H. Idrovo sold 4,496 shares of Hershey Company (The) stock in a transaction on Tuesday, April 18th. The shares were sold at an average price of $110.00, for a total value of $494,560.00. Following the completion of the transaction, the vice president now owns 35,506 shares in the company, valued at $3,905,660. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 111,689 shares of company stock valued at $12,647,422. 0.92% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Teachers Advisors LLC increased its position in shares of Hershey Company (The) by 73.7% in the fourth quarter. Teachers Advisors LLC now owns 414,428 shares of the company’s stock worth $42,864,000 after buying an additional 175,805 shares in the last quarter. Conning Inc. increased its position in shares of Hershey Company (The) by 5.0% in the first quarter. Conning Inc. now owns 4,020 shares of the company’s stock worth $439,000 after buying an additional 190 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Hershey Company (The) by 323.5% in the fourth quarter. Macquarie Group Ltd. now owns 7,200 shares of the company’s stock worth $745,000 after buying an additional 5,500 shares in the last quarter. Pennsylvania Trust Co increased its position in shares of Hershey Company (The) by 1.7% in the first quarter. Pennsylvania Trust Co now owns 48,420 shares of the company’s stock worth $5,290,000 after buying an additional 800 shares in the last quarter. Finally, Martingale Asset Management L P increased its position in shares of Hershey Company (The) by 9.0% in the first quarter. Martingale Asset Management L P now owns 124,909 shares of the company’s stock worth $13,647,000 after buying an additional 10,303 shares in the last quarter. Institutional investors and hedge funds own 51.09% 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.

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