Hershey Company (NYSE: HSY) is 4.16% 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 $193.74 in the last trading session, with the day’s gains setting it 0.45%.
Currently trading at $194.19, the stock is -1.02% and 0.12% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.18 million and changing 0.23% at the moment leaves the stock -4.89% off its SMA200. HSY registered -25.15% loss for a year compared to 6-month loss of -0.68%. The firm has a 50-day simple moving average (SMA 50) of $3.97 and a 200-day simple moving average (SMA200) of $16.12.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 0.87% gain in the last 1 month and extending the period to 3 months gives it a 3.49%, and is -2.06% 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 1.99% over the week and 2.13% over the month.
Hershey Company (HSY) has around 20505 employees, a market worth around $39.61B and $11.16B in sales. Current P/E ratio is 21.44 and Fwd P/E is 19.20. Profit margin for the company is 16.68%. Distance from 52-week low is 8.60% and -29.87% from its 52-week high. The company has generated returns on investments over the last 12 months (22.80%).
Hershey Company quarterly earnings per share for the current quarter are estimated at $2.78 with sales reaching $3.11B over the same period.The EPS is expected to shrink by -0.14% this year, but quarterly earnings will post 2.80% year-over-year. Quarterly sales are estimated to grow 4.00% in year-over-year returns.
Hershey Company (HSY) Top Institutional Holders
1,800 institutions hold shares in Hershey Company (HSY), with institutional investors hold 81.11% of the company’s shares. The shares outstanding are 149.78M, and float is at 148.83M with Short Float at 2.53%. Institutions hold 80.90% 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
The most recent transaction is an insider sale by Voskuil Steven E,the company’sSVP, Chief Financial Officer. SEC filings show that Voskuil Steven E sold 1,500 shares of the company’s common stock on Mar 25 ’24 at a price of $197.90 per share for a total of $0.3 million. Following the sale, the insider now owns 40228.0 shares.
Hershey Company disclosed in a document filed with the SEC on Mar 04 ’24 that Grover Rohit (President, International) sold a total of 4,200 shares of the company’s common stock. The trade occurred on Mar 04 ’24 and was made at $182.99 per share for $0.77 million. Following the transaction, the insider now directly holds 27161.0 shares of the HSY stock.
Still, SEC filings show that on Feb 23 ’24, Voskuil Steven E (SVP, Chief Financial Officer) disposed off 1,500 shares at an average price of $193.06 for $0.29 million. The insider now directly holds 42,710 shares of Hershey Company (HSY).
