Hershey Insider Humberto P. Alfonso Sells 16,000 Shares (HSY)
Hershey (NYSE:HSY) Insider Humberto P. Alfonso sold 16,000 shares of Hershey stock on the open market in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $92.17, for a total transaction of $1,474,720.00. Following the transaction, the insider now directly owns 58,835 shares in the company, valued at approximately $5,422,822. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Hershey (NYSE:HSY) traded down 0.80% on Wednesday, hitting $90.56. 242,697 shares of the company’s stock traded hands. Hershey has a 1-year low of $89.28 and a 1-year high of $108.69. The stock’s 50-day moving average is $95.97 and its 200-day moving average is $99.49. The company has a market cap of $20.176 billion and a price-to-earnings ratio of 24.67.
Hershey (NYSE:HSY) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.76 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.76. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Analysts expect that Hershey will post $4.07 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Monday, August 25th will be given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, August 21st. This is an increase from Hershey’s previous quarterly dividend of $0.49.
HSY has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Hershey in a research note on Friday, July 25th. They now have a $97.00 price target on the stock, down previously from $99.00. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Hershey in a research note on Friday, July 25th. They now have a $99.00 price target on the stock, down previously from $101.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Hershey in a research note on Friday, July 25th. They now have a $97.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $92.55.
The Hershey Company is a producer of chocolate in North America and a provider in chocolate and sugar confectionery.
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