Hershey Co (NYSE:HSY) CEO Michele Buck sold 400 shares of Hershey stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $111.55, for a total value of $44,620.00. Following the completion of the sale, the chief executive officer now owns 163,697 shares of the company’s stock, valued at $18,260,400.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Michele Buck also recently made the following trade(s):
- On Tuesday, December 26th, Michele Buck sold 400 shares of Hershey stock. The stock was sold at an average price of $114.95, for a total value of $45,980.00.
- On Monday, November 27th, Michele Buck sold 400 shares of Hershey stock. The stock was sold at an average price of $108.00, for a total value of $43,200.00.
- On Thursday, November 9th, Michele Buck sold 400 shares of Hershey stock. The stock was sold at an average price of $108.00, for a total value of $43,200.00.
Shares of Hershey Co (NYSE:HSY) traded down $0.82 during trading hours on Monday, hitting $110.25. The company had a trading volume of 475,827 shares, compared to its average volume of 900,021. The stock has a market capitalization of $23,398.89, a PE ratio of 32.93, a price-to-earnings-growth ratio of 2.79 and a beta of 0.38. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.55 and a current ratio of 0.95. Hershey Co has a one year low of $101.61 and a one year high of $116.49.
Hershey declared that its Board of Directors has initiated a stock buyback plan on Thursday, October 26th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
A number of hedge funds have recently bought and sold shares of HSY. Janus Henderson Group PLC boosted its position in Hershey by 19,853.3% in the second quarter. Janus Henderson Group PLC now owns 3,786,147 shares of the company’s stock worth $406,519,000 after purchasing an additional 3,767,172 shares during the last quarter. APG Asset Management N.V. boosted its position in Hershey by 417.5% in the third quarter. APG Asset Management N.V. now owns 1,297,179 shares of the company’s stock worth $141,613,000 after purchasing an additional 1,046,500 shares during the last quarter. Evercore Trust Company N.A. purchased a new position in Hershey in the third quarter worth $105,956,000. Koch Industries Inc. purchased a new position in Hershey in the second quarter worth $614,000. Finally, Troy Asset Management Ltd purchased a new position in Hershey in the third quarter worth $66,396,000. 51.54% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have weighed in on HSY. Susquehanna Bancshares set a $108.00 target price on Hershey and gave the stock a “hold” rating in a report on Wednesday, January 17th. Morgan Stanley downgraded Hershey from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 10th. Zacks Investment Research downgraded Hershey from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Sanford C. Bernstein set a $124.00 target price on Hershey and gave the stock a “buy” rating in a report on Tuesday, December 19th. Finally, Goldman Sachs Group downgraded Hershey from a “neutral” rating to a “sell” rating and set a $101.00 price objective for the company. in a report on Tuesday, January 16th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $112.89.
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.
Receive News & Ratings for Hershey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hershey and related companies with MarketBeat.com's FREE daily email newsletter.