Is Hershey Company (HSY) a good stock to buy now?

Hershey Company (NYSE: HSY) is 4.83% higher on its value in year-to-date trading and has touched a low of $178.82 and a high of $276.88 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HSY stock was last observed hovering at around $202.31 in the last trading session, with the day’s loss setting it -6.86%.

Currently trading at $195.45, the stock is 1.20% and 3.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.12 million and changing -3.39% at the moment leaves the stock -10.38% off its SMA200. HSY registered -16.77% loss for a year compared to 6-month loss of -12.66%. The firm has a 50-day simple moving average (SMA 50) of $3.98 and a 200-day simple moving average (SMA200) of $19.10.

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The stock witnessed a 3.06% gain in the last 1 month and extending the period to 3 months gives it a 3.40%, and is -1.12% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.77% over the week and 2.30% over the month.

Hershey Company (HSY) has around Feb 16 2024 employees, a market worth around $39.97B and $11.16B in sales. Current P/E ratio is 21.58 and Fwd P/E is 19.15. Profit margin for the company is 16.68%. Distance from 52-week low is 9.30% and -29.41% from its 52-week high. The company has generated returns on investments over the last 12 months (23.60%).

Hershey Company quarterly earnings per share for the current quarter are estimated at $3.01 with sales reaching $3.11B over the same period.The EPS is expected to grow by 0.26% this year, but quarterly earnings will post 3.70% year-over-year. Quarterly sales are estimated to grow 4.20% in year-over-year returns.

Hershey Company (HSY) Top Institutional Holders

1,755 institutions hold shares in Hershey Company (HSY), with institutional investors hold 80.80% of the company’s shares. The shares outstanding are 204.50M, and float is at 149.47M with Short Float at 1.87%. Institutions hold 80.63% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 15.16 million shares valued at $3.79 billion. The investor’s holdings represent 10.12% of the HSY Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 14.69 million shares valued at $3.67 billion to account for 9.80% of the shares outstanding. The other top investors are State Street Corporation which holds 7.14 million shares representing 4.77% and valued at over $1.78 billion, while Geode Capital Management, LLC holds 2.12% of the shares totaling 3.18 million with a market value of $794.03 million.

Hershey Company (HSY) Insider Activity

A total of 19 insider transactions have happened at Hershey Company (HSY) in the last six months, with sales accounting for 5 and purchases happening 14 times. The most recent transaction is an insider sale by McCalman Jennifer ,the company’sVP, Chief Accounting Officer. SEC filings show that McCalman Jennifer sold 453 shares of the company’s common stock on Feb 02 at a price of $198.54 per share for a total of $89939.0. Following the sale, the insider now owns 1862.0 shares.

Hershey Company disclosed in a document filed with the SEC on Jan 23 that Voskuil Steven E (SVP, Chief Financial Officer) sold a total of 1,500 shares of the company’s common stock. The trade occurred on Jan 23 and was made at $188.97 per share for $0.28 million. Following the transaction, the insider now directly holds 29816.0 shares of the HSY stock.

Still, SEC filings show that on Jan 19, Raup Charles R (President, U.S. Confection) disposed off 2,065 shares at an average price of $191.85 for $0.4 million. The insider now directly holds 14,770 shares of Hershey Company (HSY).

Hershey Company (HSY): Who are the competitors?

The company’s main competitors (and peers) include Nestle S.A. (NESN) that is trading -13.13% down over the past 12 months. PepsiCo Inc. (PEP) that is -5.68% lower over the same period.