The Hershey Company (NYSE:HSY) Stock Upgrade
Shares of The Hershey Company (NYSE:HSY) were boosted to a solid Buy rating thanks to investment analysts at Argus, who now give it a target price per share of $96.00. The firm’s previous Hold rating has been canceled.
From a total of 13 analysts covering The Hershey Company (NYSE:HSY) stock, 3 rate it a ”Buy”, 2 a “Sell”, and 12 a ”Hold”. This means that 18% of the ratings are positive. The highest target price is $105 while the lowest target price is $82. The mean of all analyst targets is $93 with a 4.87% above today’s ($87.86) stock price. The Hershey Company was the topic of 12 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. Argus Research upgraded shares on December 8 to “Buy” rating. TheStreet downgraded HSY stock in a recent report from August 11 to “Hold” rating. Finally, Wells Fargo downgraded the stock to “Market Perform” rating in a report issued on an August 5.
The stock increased 0.83% or $0.72 during the last trading session, striking $87.86. Approximately 1.37M shares of stock traded hands. Hershey Co (NYSE:HSY) has declined 6.73% since May 6, 2015 and is downtrending. It has underperformed by 5.93% the S&P500.
The overall sentiment of institutions has increased to 1.05 in Q2 2015. Its up 0.12, from 0.93 in 2015Q2. The ratio increased, as 52 institutions have sold all the shares of Hershey Co that they owned while 205 funds have taken shares off the table. 52 funds have purchased shares for the first time while 217 added to their positions. These institutions now hold 125.74 million shares or 10.15% more than the 114.16 million shares they owned in 2015Q2.
The Fund Hershey Trust Co currently is holding shares equating to 17.1% of its total portfolio in Hershey Co representing a total of 12.51 million shares. Another fund,Symons Capital Management Inc, is holding a total of 156,753 shares equating to 3.88% of their holdings. Additionally, Sustainable Growth Advisers Lp has a 1.46 million share stake in Hershey Co which represents 2.94% of their total portfolio. The Fund, Ycg Llc, based out of Texas, has also built up a stake in the stock, which represents a total of 2.88% of their total portfolio. Finally Macnealy Hoover Investment Management Inc, a fund which is based in the state of Ohio reported a total holdings of 32,731 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 19, 2015, shareholders of Hershey Co have witnessed 0 buys, and a total of 3 selling transactions equating to a net activity of approximately $810,138 . Walling Kevin R sold 3,000 shares worth approximately $270,000. Nevels James E sold 4,689 shares worth approximately $429,118. Wege D Michael sold 1,220 shares worth approximately $111,020. Alfonso Humberto P sold 25,000 shares worth approximately $2.53 million.
The Hershey Company is a provider of chocolate and sugar confectionery. The company has a market cap of $13.61 billion. The Company’s principal confectionery offerings include chocolate and sugar confectionery products; pantry items, such as baking ingredients, toppings and beverages; snack items, such as spreads, and gum and mint refreshment products. It has 38.99 P/E ratio. The Firm operates through two divisions: North America and International and Other.
According to Zacks Investment Research, “The Hershey Company is a leading snack food company and the largest North American manufacturer of quality chocolate and non-chocolate confectionery products. Hershey markets such well-known brands as Hershey’s, Reese’s, Hershey’s Kisses, Kit Kat, Almond Joy, Mounds, York, Jolly Rancher, Twizzlers, and Ice Breakers as well as innovative new products such as Swoops and Hershey’s S’mores. Hershey also offers a variety of snack products to consumers, including Hershey’s Cookies, Mauna Loa macadamia nuts, and Hershey’s Snack Barz.” Get a free copy of the Zacks research report on Hershey Co (HSY).