Wells Fargo Remains a Hold on The Hershey Company (HSY)

In a report released today, Christopher Carey from Wells Fargo maintained a Hold rating on The Hershey Company, with a price target of $220.00.

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According to TipRanks, Carey is a 3-star analyst with an average return of 1.4% and a 47.70% success rate. Carey covers the Consumer Defensive sector, focusing on stocks such as Conagra Brands, Church & Dwight, and Clorox.

In addition to Wells Fargo, The Hershey Company also received a Hold from TD Cowen’s Robert Moskow in a report issued on April 2. However, on April 1, TipRanks – Google 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 128 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 30,000.00 shares for a total of $6,232,748.44.