D.A. Davidson Sticks to Their Hold Rating for The Hershey Company (HSY)
In a report released today, Brian Holland from D.A. Davidson maintained a Hold rating on The Hershey Company, with a price target of $230.00.
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Holland covers the Consumer Defensive sector, focusing on stocks such as Mondelez International, Freshpet, and The Hershey Company. According to TipRanks, Holland has an average return of -0.1% and a 44.14% success rate on recommended stocks.
In addition to D.A. Davidson, The Hershey Company also received a Hold from UBS’s Peter Grom in a report issued today. However, on the same day, Piper Sandler 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.
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