Bernstein Sticks to Their Hold Rating for The Hershey Company (HSY)

In a report released today, Alexia Burland Howard from Bernstein maintained a Hold rating on The Hershey Company, with a price target of $208.00.

Claim 55% Off TipRanks

• Unlock trusted, data-backed investing tools with TipRanks Premium, from analyst ratings and forecasts to breaking news and portfolio analysis.
• Discover high-conviction stock picks and new investing opportunities with the TipRanks Smart Investor Newsletter

According to TipRanks, Burland Howard is an analyst with an average return of -9.5% and a 36.88% success rate. Burland Howard covers the Consumer Defensive sector, focusing on stocks such as Campbell Soup, General Mills, and Kraft Heinz.

In addition to Bernstein, The Hershey Company also received a Hold from Mizuho Securities’s John Baumgartner in a report issued on May 20. However, on May 27, Evercore ISI upgraded The Hershey Company (NYSE: HSY) to a Buy.

Based on The Hershey Company’s latest earnings release for the quarter ending March 29, the company reported a quarterly revenue of $3.1 billion and a net profit of $435.11 million. In comparison, last year the company earned a revenue of $2.81 billion and had a net profit of $224.2 million

Based on the recent corporate insider activity of 141 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 $3,914,812.02.