The Hershey Company (HSY) Gets a Buy from Goldman Sachs
In a report released yesterday, Leah Jordan from Goldman Sachs reiterated a Buy rating on The Hershey Company, with a price target of $248.00. The company’s shares closed yesterday at $191.45.
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Jordan covers the Consumer Defensive sector, focusing on stocks such as The Hershey Company, Sprouts Farmers, and Grocery Outlet Holding. According to TipRanks, Jordan has an average return of 14.3% and a 60.61% success rate on recommended stocks.
The Hershey Company has an analyst consensus of Hold, with a price target consensus of $226.20.
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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