Hershey Company (The) (NYSE:HSY) Insider Sells $240,120.00 in Stock

Hershey Company (The) (NYSE:HSY - Get Free Report) insider Rohit Grover sold 1,334 shares of the company's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $180.00, for a total transaction of $240,120.00. Following the completion of the transaction, the insider owned 38,068 shares in the company, valued at approximately $6,852,240. This represents a 3.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Rohit Grover also recently made the following trade(s):

• On Tuesday, July 1st, Rohit Grover sold 1,333 shares of Hershey stock. The stock was sold at an average price of $175.00, for a total transaction of $233,275.00.

Hershey Stock Performance

Shares of HSY traded up $1.96 during trading hours on Friday, hitting $185.86. The company had a trading volume of 588,444 shares, compared to its average volume of 1,858,227. Hershey Company has a 12 month low of $140.13 and a 12 month high of $208.03. The firm has a market cap of $37.66 billion, a price-to-earnings ratio of 22.94, a PEG ratio of 6.90 and a beta of 0.30. The business has a fifty day moving average of $166.78 and a 200-day moving average of $165.01. The company has a quick ratio of 1.11, a current ratio of 1.59 and a debt-to-equity ratio of 1.11.

Hershey (NYSE:HSY - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $2.09 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.15. The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.81 billion. Hershey had a net margin of 15.32% and a return on equity of 38.70%. Hershey's revenue for the quarter was down 13.8% compared to the same quarter last year. During the same period last year, the firm earned $3.07 earnings per share. Equities analysts anticipate that Hershey Company will post 6.12 EPS for the current fiscal year.

Hershey Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 16th were paid a $1.37 dividend. The ex-dividend date was Friday, May 16th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 2.95%. Hershey's payout ratio is currently 67.57%.

Wall Street Analysts Forecast Growth

HSY has been the topic of a number of research analyst reports. Royal Bank Of Canada lowered their target price on shares of Hershey from $178.00 to $175.00 and set a "sector perform" rating on the stock in a research note on Friday, May 2nd. Wall Street Zen downgraded shares of Hershey from a "hold" rating to a "sell" rating in a research note on Sunday, July 6th. Piper Sandler boosted their price objective on shares of Hershey from $120.00 to $145.00 and gave the company an "underweight" rating in a report on Wednesday. Citigroup reduced their price target on shares of Hershey from $173.00 to $165.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Finally, Barclays upped their price target on shares of Hershey from $160.00 to $165.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Six investment analysts have rated the stock with a sell rating and fifteen have given a hold rating to the company's stock. According to MarketBeat.com, Hershey presently has a consensus rating of "Hold" and a consensus price target of $160.16.

Institutional Investors Weigh In On Hershey

Institutional investors have recently modified their holdings of the company. Kennon Green & Company LLC lifted its holdings in Hershey by 33.3% in the first quarter. Kennon Green & Company LLC now owns 43,146 shares of the company's stock valued at $7,379,000 after buying an additional 10,784 shares during the period. William Allan Corp grew its stake in shares of Hershey by 173.1% in the 1st quarter. William Allan Corp now owns 18,593 shares of the company's stock worth $3,180,000 after acquiring an additional 11,785 shares in the last quarter. IFM Investors Pty Ltd grew its stake in shares of Hershey by 9.5% in the 1st quarter. IFM Investors Pty Ltd now owns 31,925 shares of the company's stock worth $5,460,000 after acquiring an additional 2,757 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Hershey by 8.1% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 18,625 shares of the company's stock worth $3,186,000 after acquiring an additional 1,390 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its holdings in shares of Hershey by 8.1% in the 1st quarter. Vontobel Holding Ltd. now owns 21,151 shares of the company's stock worth $3,617,000 after buying an additional 1,582 shares during the last quarter. 57.96% of the stock is owned by institutional investors.

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.