Hershey Company (The) (NYSE:HSY) was upgraded by investment analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a research note issued to investors on Thursday, The Fly reports.

A number of other research analysts also recently commented on the company. Credit Suisse Group reiterated a “buy” rating and issued a $121.00 price objective on shares of Hershey Company (The) in a report on Friday, July 28th. Deutsche Bank AG reiterated a “hold” rating and issued a $111.00 price objective (down previously from $112.00) on shares of Hershey Company (The) in a report on Thursday, July 27th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $115.00 price objective (up previously from $114.00) on shares of Hershey Company (The) in a report on Thursday, July 27th. Susquehanna Bancshares Inc set a $118.00 price objective on Hershey Company (The) and gave the company a “hold” rating in a report on Wednesday, July 26th. Finally, Morgan Stanley dropped their price objective on Hershey Company (The) from $111.00 to $108.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 18th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $109.14.

Hershey Company (NYSE HSY) opened at 106.04 on Thursday. The firm has a 50-day moving average price of $105.85 and a 200 day moving average price of $108.57. Hershey Company has a 1-year low of $94.03 and a 1-year high of $116.49. The stock has a market cap of $22.53 billion, a price-to-earnings ratio of 33.88 and a beta of 0.38.

Hershey Company (The) (NYSE:HSY) last released its quarterly earnings data on Wednesday, July 26th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.19. Hershey Company (The) had a return on equity of 119.66% and a net margin of 8.95%. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities research analysts anticipate that Hershey Company will post $4.82 EPS for the current fiscal year.

WARNING: This article was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/08/17/hershey-company-the-hsy-upgraded-to-outperform-by-sanford-c-bernstein.html.

In other news, SVP Terence L. O’day sold 37,875 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $113.88, for a total value of $4,313,205.00. Following the completion of the sale, the senior vice president now directly owns 75,303 shares of the company’s stock, valued at approximately $8,575,505.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP D Michael Wege sold 14,440 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $115.55, for a total value of $1,668,542.00. Following the completion of the sale, the senior vice president now directly owns 42,506 shares of the company’s stock, valued at $4,911,568.30. The disclosure for this sale can be found here. Insiders have sold a total of 92,159 shares of company stock valued at $10,522,047 over the last ninety days. 0.92% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the stock. Conning Inc. boosted its stake in Hershey Company (The) by 5.0% in the first quarter. Conning Inc. now owns 4,020 shares of the company’s stock valued at $439,000 after buying an additional 190 shares in the last quarter. Macquarie Group Ltd. boosted its stake in Hershey Company (The) by 323.5% in the fourth quarter. Macquarie Group Ltd. now owns 7,200 shares of the company’s stock valued at $745,000 after buying an additional 5,500 shares in the last quarter. Martingale Asset Management L P boosted its stake in Hershey Company (The) by 9.0% in the first quarter. Martingale Asset Management L P now owns 124,909 shares of the company’s stock valued at $13,647,000 after buying an additional 10,303 shares in the last quarter. Assetmark Inc. boosted its stake in Hershey Company (The) by 499.8% in the first quarter. Assetmark Inc. now owns 15,860 shares of the company’s stock valued at $1,733,000 after buying an additional 13,216 shares in the last quarter. Finally, CAPROCK Group Inc. acquired a new stake in Hershey Company (The) during the first quarter valued at approximately $249,000. 51.31% of the stock is owned by institutional investors and hedge funds.

About Hershey Company (The)

The Hershey Company is a producer of chocolate in North America. The Company’s principal product offerings include chocolate and non-chocolate confectionery products; gum and mint refreshment products; pantry items, such as baking ingredients and beverages, and snack items, such as spreads, meat snacks, bars and snack bites and mixes.

The Fly

Analyst Recommendations for Hershey Company (The) (NYSE:HSY)

Receive News & Ratings for Hershey Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hershey Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.