Hershey Company (NYSE: HSY) is 5.76% higher on its value in year-to-date trading and has touched a low of $178.82 and a high of $221.27 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 $193.49 in the last trading session, with the day’s gains setting it 3.68%.
Currently trading at $197.17, the stock is 0.34% and 3.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing 1.90% at the moment leaves the stock 2.67% off its SMA200. HSY registered -9.36% loss for a year compared to 6-month loss of 3.14%.
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The stock witnessed a 3.15% gain in the last 1 month and extending the period to 3 months gives it a -4.77%, and is -0.76% 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 1.82% over the week and 2.16% over the month.
Hershey Company (HSY) has around 20505 employees, a market worth around $39.89B and $11.01B in sales. Current P/E ratio is 21.89 and Fwd P/E is 20.93. Profit margin for the company is 16.76%. Distance from 52-week low is 10.26% and -10.89% from its 52-week high. The company has generated returns on investments over the last 12 months (23.64%).
The EPS is expected to shrink by -0.73% this year.
Hershey Company (HSY) Top Institutional Holders
1825.0 institutions hold shares in Hershey Company (HSY), with institutional investors hold 81.91% of the company’s shares. The shares outstanding are 149.78M, and float is at 146.81M with Short Float at 3.79%. Institutions hold 81.68% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 17.34 million shares valued at $$3.37 billion. The investor’s holdings represent 8.4916 of the HSY Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 14.01 million shares valued at $$2.72 billion to account for 6.8602 of the shares outstanding. The other top investors are STATE STREET CORP which holds 6.93 million shares representing 3.3917 and valued at over $$1.35 billion, while CHARLES SCHWAB INVESTMENT MANAGEMENT INC holds 2.0636 of the shares totaling 4.21 million with a market value of $$819.7 million.
Hershey Company (HSY) Insider Activity
Still, SEC filings show that on Aug 12 ’24, McCalman Jennifer (VP, Chief Accounting Officer) disposed off 538 shares at an average price of $199.17 for $0.11 million. The insider now directly holds 3,238 shares of Hershey Company (HSY).
