Hershey (HSY) lags so far behind its global competitors, that it was no surprise when it announced Tuesday it would slash 15% of its workforce, mostly outside the USA, to amp up profitability. NY raised its position in Hershey Company (The) by 444.8% in the second quarter. First Trust Advisors LP now owns 846,886 shares of the company's stock worth $80,962,000 after buying an additional 719,546 shares during the period. This is calculated by taking the current share price and dividing it by the forecasted earnings per share.
Large investors have recently bought and sold shares of the company.
Hershey Company (NYSE: HSY) traded up 0.617% on Tuesday, hitting $108.465. The stock has a 50 day moving average of $106.65 and a 200-day moving average of $101.68. The firm has a market capitalization of $23.02 billion, a PE ratio of 32.44 and a beta of 0.32.
Another important factor to consider when evaluating a stock's current and future value are the 52 week high and low levels. The company is expected to release $1.26 EPS for current quarter according to 14 analysts whereas the company reported $1.1 EPS during same quarter a year ago. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.15 billion. The EPS growth for the past five (5) years shows a value of 3.80%, whilst the EPS value for the next five (5) years shows a figure of 9.00%. The analysts offering Earnings Estimates for the company were believing that The Hershey Company (NYSE: HSY) could bring EPS of $1.08/share.
On 2/3/2017 Hershey Company (The) announced a quarterly dividend of $0.62 2.31% with an ex-dividend date of 2/22/2017 which will be payable on 3/15/2017. The dividend will be paid on April 11, 2017, to shareholders of record as of March 31, 2017. The ex-dividend date of this dividend is Wednesday, February 22nd. This represents a $2.47 annualized dividend and a yield of 2.29%.
Hershey made an ill-timed acquisition of a candy company in 2014 in China, which was just as China's economy slowed and its rivals also made a big push into the country. Argus upgraded Hershey Company (The) from a hold rating to a buy rating and set a $125.00 price target on the stock in a research note on Thursday, February 16th. Zacks Investment Research lowered shares of Hershey Company (The) from a "hold" rating to a "sell" rating in a research report on Monday, October 17th. Credit Suisse Upgrades the company's stock to Outperform on 1/06/17 with no specific Price Target. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. They set a sell rating and a $90.00 price objective for the company. The Mean and Low price Targets are $108.63 and $91, respectively. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. Analyst's mean target price for HSY is $107.69 while analysts mean recommendation is 2.90.
In related news, SVP D Michael Wege sold 1,100 shares of the firm's stock in a transaction dated Wednesday, February 15th. A year ago the company's sales were $1.83B. The sale was disclosed in a filing with the SEC, which is accessible through this link. The total volume of 7.41 Million shares held in the session was surprisingly higher than its average volume of 6280.29 shares.