Hershey (NYSE:HSY) Given New $183.00 Price Target at JPMorgan Chase & Co.

by · The Cerbat Gem

Hershey (NYSE:HSY – Get Free Report) had its price target decreased by equities researchers at JPMorgan Chase & Co. from $193.00 to $183.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 9.28% from the stock’s previous close.

A number of other research analysts have also weighed in on the stock. UBS Group set a $178.00 target price on shares of Hershey in a research report on Thursday. Sanford C. Bernstein reiterated a “market perform” rating and issued a $201.00 price objective on shares of Hershey in a research note on Friday, July 31st. Royal Bank Of Canada reduced their price objective on Hershey from $212.00 to $206.00 and set a “sector perform” rating for the company in a research report on Friday, August 21st. Evercore set a $225.00 price target on shares of Hershey in a research report on Thursday, July 23rd. Finally, Stifel Nicolaus decreased their target price on Hershey from $215.00 to $180.00 and set a “hold” rating on the stock in a research report on Wednesday, July 22nd. Six investment analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. According to data from MarketBeat, Hershey presently has an average rating of “Hold” and an average price target of $200.67.

Read Our Latest Report on Hershey

Hershey Stock Up 2.0%

Shares of NYSE:HSY traded up $3.21 on Thursday, reaching $167.46. The company had a trading volume of 395,313 shares, compared to its average volume of 1,839,841. The stock has a market capitalization of $33.65 billion, a P/E ratio of 22.88, a P/E/G ratio of 1.29 and a beta of 0.10. The stock has a 50-day moving average price of $173.44 and a 200 day moving average price of $181.59. Hershey has a twelve month low of $156.16 and a twelve month high of $239.48. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 1.03.

Hershey (NYSE:HSY – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.47. Hershey had a return on equity of 31.92% and a net margin of 12.24%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same quarter in the prior year, the firm posted $1.21 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. On average, equities analysts expect that Hershey will post 8.49 EPS for the current year.

Insider Buying and Selling at Hershey

In other news, CFO Steven Voskuil sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $170.00, for a total value of $255,000.00. Following the sale, the chief financial officer directly owned 53,195 shares in the company, valued at approximately $9,043,150. This represents a 2.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.08% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HSY. Reflection Asset Management bought a new position in Hershey during the 4th quarter valued at about $26,000. Bell Investment Advisors Inc bought a new stake in Hershey during the second quarter worth about $26,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Hershey during the first quarter worth approximately $27,000. Frazier Financial Advisors LLC acquired a new stake in shares of Hershey during the second quarter worth approximately $33,000. Finally, First Pacific Financial acquired a new stake in shares of Hershey during the second quarter worth approximately $35,000. 57.96% of the stock is owned by institutional investors.

About Hershey

(Get Free Report)

The Hershey Company (NYSE: HSY) is a global confectionery and snack food company headquartered in Hershey, Pennsylvania. Founded by Milton S. Hershey in 1894, the company began as a chocolate manufacturer and has grown into one of the largest producers of confectionery products in North America.

Hershey’s portfolio includes chocolate, candy, gum, mints, protein bars and salty snacks. Its well-known brands include Hershey’s, Reese’s, Kisses, Kit Kat, Jolly Rancher, Twizzlers, Ice Breakers, SkinnyPop and Dot’s.

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