Hershey Company (NYSE: HSY) is -6.67% lower on its value in year-to-date trading and has touched a low of $168.16 and a high of $211.92 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HSY stock was last observed hovering at around $170.24 in the last trading session, with the day’s gains setting it 3.76%.
Currently trading at $174.00, the stock is -2.07% and -6.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.45 million and changing 2.21% at the moment leaves the stock -9.20% off its SMA200. HSY registered -9.88% loss for a year compared to 6-month loss of -15.36%. The firm has a 50-day simple moving average (SMA 50) of $185.5058 and a 200-day simple moving average (SMA200) of $191.637.
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The stock witnessed a -5.16% gain in the last 1 month and extending the period to 3 months gives it a -11.02%, and is -5.67% 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 2.83% over the week and 2.24% over the month.
Hershey Company (HSY) has around 20505 employees, a market worth around $35.21B and $10.97B in sales. Current P/E ratio is 20.04 and Fwd P/E is 21.03. Profit margin for the company is 16.17%. Distance from 52-week low is 3.47% and -17.89% from its 52-week high. The company has generated returns on investments over the last 12 months (23.01%).
The EPS is expected to shrink by -5.14% this year
1827.0 institutions hold shares in Hershey Company (HSY), with institutional investors hold 87.94% of the company’s shares. The shares outstanding are 149.78M, and float is at 147.26M with Short Float at 4.36%. Institutions hold 87.72% 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
Hershey Company disclosed in a document filed with the SEC on Nov 04 ’24 that McCalman Jennifer (VP, Chief Accounting Officer) sold a total of 278 shares of the company’s common stock. The trade occurred on Nov 04 ’24 and was made at $179.28 per share for $49840.0. Following the transaction, the insider now directly holds 2960.0 shares of the HSY stock.
Still, SEC filings show that on Nov 04 ’24, McCalman Jennifer (Officer) Proposed Sale 278 shares at an average price of $179.28 for $49840.0. The insider now directly holds shares of Hershey Company (HSY).
