Weekly Analysts’ Ratings Updates for Hershey (HSY)

Hershey (NYSE: HSY) recently received a number of ratings updates from brokerages and research firms:

• 11/11/2024 – Hershey had its price target lowered by analysts at Barclays PLC from $202.00 to $180.00. They now have an “equal weight” rating on the stock.
• 11/8/2024 – Hershey had its price target lowered by analysts at Royal Bank of Canada from $205.00 to $183.00. They now have a “sector perform” rating on the stock.
• 11/8/2024 – Hershey had its price target raised by analysts at Piper Sandler from $165.00 to $168.00. They now have a “neutral” rating on the stock.
• 10/31/2024 – Hershey had its price target lowered by analysts at Jefferies Financial Group Inc. from $163.00 to $161.00. They now have an “underperform” rating on the stock.
• 10/25/2024 – Hershey had its price target lowered by analysts at Stifel Nicolaus from $195.00 to $180.00. They now have a “hold” rating on the stock.
• 10/23/2024 – Hershey had its price target lowered by analysts at Piper Sandler from $179.00 to $165.00. They now have a “neutral” rating on the stock.
• 10/22/2024 – Hershey is now covered by analysts at Redburn Atlantic. They set a “sell” rating and a $165.00 price target on the stock.
• 10/15/2024 – Hershey had its price target lowered by analysts at Bank of America Co. from $200.00 to $195.00. They now have a “neutral” rating on the stock.
• 10/14/2024 – Hershey had its price target lowered by analysts at JPMorgan Chase & Co. from $188.00 to $180.00. They now have a “neutral” rating on the stock.
• 10/7/2024 – Hershey was downgraded by analysts at UBS Group AG from a “buy” rating to a “neutral” rating. They now have a $209.00 price target on the stock, down previously from $226.00.
• 10/7/2024 – Hershey was downgraded by analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating. They now have a $205.00 price target on the stock, down previously from $230.00.
• 9/26/2024 – Hershey was downgraded by analysts at Jefferies Financial Group Inc. from a “hold” rating to an “underperform” rating. They now have a $163.00 price target on the stock, down previously from $184.00.
• 9/24/2024 – Hershey had its price target lowered by analysts at Barclays PLC from $204.00 to $202.00. They now have an “equal weight” rating on the stock.

Hershey Stock Up 1.6 %

HSY stock opened at $184.45 on Thursday. The stock has a market cap of $37.31 billion, a P/E ratio of 21.25, a P/E/G ratio of 4.35 and a beta of 0.38. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.76. The stock’s fifty day simple moving average is $188.56 and its two-hundred day simple moving average is $192.10. The Hershey Company has a 1-year low of $171.67 and a 1-year high of $211.92.

Hershey Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, November 18th will be given a dividend of $1.37 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $5.48 annualized dividend and a yield of 2.97%. Hershey’s payout ratio is currently 63.13%.

Institutional Trading of Hershey

Several hedge funds have recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. grew its position in shares of Hershey by 55.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 155 shares of the company’s stock valued at $28,000 after acquiring an additional 55 shares during the period. Burns J W & Co. Inc. NY grew its holdings in Hershey by 0.8% during the third quarter. Burns J W & Co. Inc. NY now owns 7,355 shares of the company’s stock valued at $1,411,000 after purchasing an additional 58 shares during the period. Wesbanco Bank Inc. grew its holdings in Hershey by 3.7% during the second quarter. Wesbanco Bank Inc. now owns 1,673 shares of the company’s stock valued at $308,000 after purchasing an additional 59 shares during the period. Brighton Jones LLC raised its stake in shares of Hershey by 2.3% in the second quarter. Brighton Jones LLC now owns 2,631 shares of the company’s stock valued at $484,000 after buying an additional 59 shares during the period. Finally, Valley Brook Capital Group Inc. lifted its position in shares of Hershey by 1.5% during the 2nd quarter. Valley Brook Capital Group Inc. now owns 4,067 shares of the company’s stock valued at $748,000 after buying an additional 61 shares during the last quarter. Institutional investors own 57.96% of the company’s stock.

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.