Hershey (NYSE:HSY) Given New $134.00 Price Target at Jefferies Financial Group

Hershey (NYSE:HSY) had its price objective dropped by stock analysts at Jefferies Financial Group from $150.00 to $134.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “underperform” rating on the stock. Jefferies Financial Group’s price target points to a potential downside of 12.63% from the stock’s current price.

HSY has been the subject of several other research reports. Mizuho decreased their price objective on Hershey from $195.00 to $170.00 and set a “neutral” rating for the company in a report on Monday, December 23rd. UBS Group decreased their price target on shares of Hershey from $189.00 to $163.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Stifel Nicolaus dropped their price objective on shares of Hershey from $195.00 to $180.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. TD Cowen decreased their target price on shares of Hershey from $190.00 to $172.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, Piper Sandler lowered their target price on shares of Hershey from $168.00 to $153.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Six equities research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $175.00.

Hershey Stock Up 0.3 %

HSY traded up $0.50 during midday trading on Tuesday, hitting $153.37. The company had a trading volume of 604,178 shares, compared to its average volume of 1,944,672. Hershey has a 52 week low of $150.31 and a 52 week high of $211.92. The company has a market capitalization of $31.03 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 4.20 and a beta of 0.38. The stock’s 50 day moving average price is $171.34 and its 200 day moving average price is $184.17. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.76.

Hedge Funds Weigh In On Hershey

Several large investors have recently modified their holdings of HSY. AE Wealth Management LLC grew its position in shares of Hershey by 5.6% in the second quarter. AE Wealth Management LLC now owns 3,782 shares of the company’s stock valued at $695,000 after purchasing an additional 200 shares in the last quarter. Sei Investments Co. grew its holdings in Hershey by 48.3% during the 2nd quarter. Sei Investments Co. now owns 80,858 shares of the company’s stock valued at $14,864,000 after buying an additional 26,318 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Hershey by 11.2% during the second quarter. ProShare Advisors LLC now owns 27,204 shares of the company’s stock valued at $5,001,000 after buying an additional 2,742 shares during the period. Frank Rimerman Advisors LLC bought a new stake in shares of Hershey during the second quarter valued at about $371,000. Finally, Gabelli Funds LLC purchased a new stake in shares of Hershey in the second quarter worth about $460,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.

About Hershey

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.