The Hershey Company (HSY) Gets a Hold from Stifel Nicolaus
In a report released today, Matthew Smith, CFA from Stifel Nicolaus maintained a Hold rating on The Hershey Company, with a price target of $215.00.
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According to TipRanks, Smith, CFA is an analyst with an average return of -1.0% and a 44.19% success rate. Smith, CFA covers the Consumer Defensive sector, focusing on stocks such as The Hershey Company, General Mills, and Altria Group.
The word on The Street in general, suggests a Hold analyst consensus rating for The Hershey Company with a $227.20 average price target.
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 131 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 $3,845,225.20.
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