The Hershey Company (HSY) Receives a Hold from RBC Capital

RBC Capital analyst Nik Modi maintained a Hold rating on The Hershey Company today and set a price target of $212.00.

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Modi covers the Consumer Defensive sector, focusing on stocks such as B&G Foods, Colgate-Palmolive, and Kimberly Clark. According to TipRanks, Modi has an average return of -4.8% and a 43.28% success rate on recommended stocks.

In addition to RBC Capital, The Hershey Company also received a Hold from Evercore ISI’s David Palmer in a report issued on March 20. However, on March 16, Morgan Stanley reiterated a Buy rating on The Hershey Company (NYSE: HSY).

Based on The Hershey Company’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.09 billion and a net profit of $320.02 million. In comparison, last year the company earned a revenue of $2.89 billion and had a net profit of $796.59 million

Based on the recent corporate insider activity of 121 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HSY in relation to earlier this year. Earlier this month, Hershey Trust Co Trustee In Trust For Milton Hersh, a Major Shareholder at HSY sold 20,000.00 shares for a total of $4,306,747.44.