The Hershey Company (NYSE:HSY) saw an upside of 0.72% to close Tuesday at $179.50 after adding $1.29 on the day. The 5-day average trading volume is 1,144,720 shares of the company’s common stock. It has gained $181.03 in the past week. An average of 886,930 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 725,696.
HSY’s 1-month performance is 2.29% or $4.44 on its low of $167.80 reached on 09/28/21. The company’s shares have touched a 52-week low of $135.83 and high of $182.71, with the stock’s rally to the 52-week high happening on 08/17/21. YTD, HSY has achieved 17.84% or $27.17. However, the current price is down -1.76%% from the 52-week high price.
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On Oct 07, 6 days have gone by since the last insider trading activity for The Hershey Company (HSY). Arway Pamela M (Director) most recently sold 288 shares at $179.12 per share on Oct 07. This transaction cost the insider $51,587. Chairman, President and CEO, Buck Michele, sold 5,000 shares at a price of $179.12 on Oct 07. Then, on Oct 07, SVP Chief Supply Chain Officer Reiman Jason sold 150 shares at a price of $179.12 per share. This transaction amounted to $26,868.
The company’s PE ratio for the last five years has touched a high of 40.40 and a low of 18.69. HSY stock has a beta of 0.40. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.26 while the price-to-book (PB) in the most recent quarter is 16.38, with the price to cash flow ratio at 37.81.
The Hershey Company pays an annual dividend of $3.60 per share. Its dividend yield is 2.01% and the payout ratio is 46.50%. HSY’s most recent quarterly dividend payment was made on Sep. 15, when it paid $0.9010 a share compared with prior rate of $0.8040, up 10.77% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.0970 reported on Thursday July 29 2021. Measured over the last 3 years, the Dividend has been growing by 23.78% yearly.
It is projected that The Hershey Company’s next ex-dividend date will be on 22-Nov. HSY is expected to distribute $0.901 as its next dividend.
The Hershey Company’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 1.40 meaning that HSY stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.81, while the total debt to equity was 1.90. In terms of profitability, the gross margin trailing 12 months is 46.30%. The trailing 12-month EBITDA margin is 25.45% while for the period ending June 29; The Hershey Company’s operating margin was 22.00%. The firm’s gross profit as reported stood at $3.7 billion against revenue of $8.15 billion.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 14.18% to $1.99 billion, while revenue of $2.3 billion was -15.41% off the previous quarter. Analysts expected HSY to announce $1.43 per share in earnings in its latest quarter, but it posted $1.47, representing a 2.80% surprise. EBITDA for the quarter stood at more than $532.71 million. HSY stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 6.61 billion, with total debt at $4.51 billion. Shareholders hold equity totaling $206.04 million
Let’s look briefly at The Hershey Company (HSY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 67.50% to suggest the stock is trending Neutral, with historical volatility in this time period at 16.45%.
The stock’s 5-day moving average is $178.41, reflecting a +2.88% or $5.03 change from its current price. HSY is currently trading +2.84% above its 20-day SMA, +3.70% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +0.61% and +19.71% respectively.
Stochastic %K and %D was 80.78% and 80.33% and the average true range (ATR) pointed at 3.00. The RSI (14) points at 61.40%, while the 14-day stochastic is at 88.44% with the period’s ATR at 2.87. The stock’s 9-day MACD Oscillator is pointing at 3.14 and 4.44 on the 14-day charts.
Analysts offering their rating for HSY stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate HSY as a “sell,”, while 11 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 8 have offered a “buy” rating.
What is HSY’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $170.00 and a high of $202.00, with their median price target at $185.00. Looking at these predictions, the average price target given by analysts is for The Hershey Company (HSY) stock is $185.06.