Hershey Co. Announces Quarterly Dividend of $0.49 (HSY)
Hershey (NYSE:HSY) announced a quarterly dividend on Tuesday, October 8th, StockRatingsNetwork reports. Investors of record on Monday, November 25th will be paid a dividend of $0.485 per share on Friday, December 13th. This represents a $1.94 annualized dividend and a dividend yield of 2.12%.
HSY has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Hershey from $100.00 to $105.00 in a research note to investors on Tuesday, September 17th. They now have an “overweight” rating on the stock. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Hershey in a research note to investors on Friday, August 30th. They now have a $96.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Hershey from $85.00 to $87.00 in a research note to investors on Friday, July 26th. They now have a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $92.07.
Hershey (NYSE:HSY) traded up 0.83% on Tuesday, hitting $92.33. The stock had a trading volume of 679,811 shares. Hershey has a 52 week low of $68.09 and a 52 week high of $98.00. The stock has a 50-day moving average of $92.47 and a 200-day moving average of $90.6. The company has a market cap of $20.607 billion and a P/E ratio of 28.62.
Hershey (NYSE:HSY) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.71 by $0.01. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the company posted $0.66 earnings per share. Hershey’s revenue was up 6.7% compared to the same quarter last year.
The Hershey Company is a producer of chocolate in North America and a provider in chocolate and sugar confectionery.
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