Barclays Has Lowered Expectations for Hershey (NYSE:HSY) Stock Price

Hershey (NYSE:HSY) had its target price cut by Barclays from $202.00 to $180.00 in a research note published on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

HSY has been the subject of a number of other research reports. Argus downgraded shares of Hershey from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th. Citigroup downgraded shares of Hershey from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $195.00 to $182.00 in a research report on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft increased their price target on Hershey from $191.00 to $199.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Piper Sandler boosted their price target on Hershey from $165.00 to $168.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, JPMorgan Chase & Co. dropped their price objective on Hershey from $188.00 to $180.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. Five equities research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $189.33.

Hershey Trading Up 0.1 %

NYSE HSY traded up $0.25 during trading on Monday, hitting $178.76. The stock had a trading volume of 110,754 shares, compared to its average volume of 1,681,828. The firm has a 50 day moving average price of $188.88 and a 200 day moving average price of $192.13. The company has a quick ratio of 0.48, a current ratio of 0.85 and a debt-to-equity ratio of 0.76. Hershey has a twelve month low of $171.67 and a twelve month high of $211.92. The company has a market capitalization of $36.16 billion, a PE ratio of 20.56, a PEG ratio of 4.22 and a beta of 0.38.

Hershey Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, November 18th will be issued a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Monday, November 18th. Hershey’s payout ratio is currently 63.13%.

Institutional Trading of Hershey

A number of large investors have recently added to or reduced their stakes in HSY. Ashton Thomas Securities LLC purchased a new stake in shares of Hershey during the third quarter worth $25,000. Capital Advisors Ltd. LLC boosted its stake in shares of Hershey by 218.2% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 140 shares of the company’s stock worth $26,000 after acquiring an additional 96 shares in the last quarter. GHP Investment Advisors Inc. increased its holdings 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 last quarter. OFI Invest Asset Management bought a new position in shares of Hershey in the 2nd quarter valued at approximately $29,000. Finally, Crewe Advisors LLC acquired a new stake in Hershey in the 1st quarter worth approximately $35,000. 57.96% of the stock is currently 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.