Jefferies Keeps Their Hold Rating on The Hershey Company (HSY)
Jefferies analyst Scott Marks CFA maintained a Hold rating on The Hershey Company yesterday and set a price target of $220.00.
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According to TipRanks, Marks CFA is an analyst with an average return of -12.0% and a 27.27% success rate. Marks CFA covers the Consumer Defensive sector, focusing on stocks such as The Hershey Company, UTZ Brands, and General Mills.
In addition to Jefferies, The Hershey Company also received a Hold from Deutsche Bank ‘s Stephen Powers in a report issued on March 30. However, on March 27, Goldman Sachs maintained 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 122 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. Last month, Hershey Trust Co Trustee In Trust For Milton Hersh, a Major Shareholder at HSY sold 30,000.00 shares for a total of $6,423,797.69.
