Hershey Company (NYSE: HSY) is 2.76% higher on its value in year-to-date trading and has touched a low of $178.82 and a high of $219.92 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 $191.13 in the last trading session, with the day’s gains setting it 0.46%.
Currently trading at $191.59, the stock is -3.14% and 0.03% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.09 million and changing 0.24% at the moment leaves the stock -0.38% off its SMA200. HSY registered -12.12% loss for a year compared to 6-month gain of 2.89%.
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The stock witnessed a -1.23% loss in the last 1 month and extending the period to 3 months gives it a -1.01%, and is -2.98% 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 1.68% over the week and 2.08% over the month.
Hershey Company (HSY) has around 20505 employees, a market worth around $38.76B and $11.01B in sales. Current P/E ratio is 21.27 and Fwd P/E is 20.35. Profit margin for the company is 16.76%. Distance from 52-week low is 7.14% and -12.88% from its 52-week high. The company has generated returns on investments over the last 12 months (23.64%).
Hershey Company quarterly earnings per share for the current quarter are estimated at 2.74 with sales reaching $3.12B over the same period.The EPS is expected to shrink by -0.78% this year, but quarterly earnings will post 1.70% year-over-year. Quarterly sales are estimated to grow 3.10% in year-over-year returns.
1836.0 institutions hold shares in Hershey Company (HSY), with institutional investors hold 81.99% of the company’s shares. The shares outstanding are 149.78M, and float is at 147.19M with Short Float at 4.99%. Institutions hold 81.76% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 19.39 million shares valued at $3.56 billion. The investor’s holdings represent 9.4946 of the HSY Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 12.82 million shares valued at $2.36 billion to account for 6.2773 of the shares outstanding. The other top investors are STATE STREET CORP which holds 6.64 million shares representing 3.2528 and valued at over $1.22 billion, while CHARLES SCHWAB INVESTMENT MANAGEMENT INC holds 2.095 of the shares totaling 4.28 million with a market value of $786.49 million.
Hershey Company (HSY) Insider Activity
The most recent transaction is an insider sale by Scalia Christopher M, the company’s SVP, CHR & Transf. Officer. SEC filings show that Scalia Christopher M sold 5,000 shares of the company’s common stock on Aug 26 ’24 at a price of $197.04 per share for a total of $0.99 million. Following the sale, the insider now owns 15011.0 shares.
Still, SEC filings show that on Aug 21 ’24, Buck Michele (Chairman, President and CEO) disposed off 2,632 shares at an average price of $199.37 for $0.52 million. The insider now directly holds 164,474 shares of Hershey Company (HSY).
