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

Tipranks - Fri Jun 12, 4:12AM CDT

Bernstein analyst Alexia Burland Howard maintained a Hold rating on The Hershey Company yesterday and set a price target of $208.00. The company’s shares closed yesterday at $176.61.

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According to TipRanks, Burland Howard is an analyst with an average return of -8.5% and a 40.49% success rate. Burland Howard covers the Consumer Defensive sector, focusing on stocks such as Campbell Soup, General Mills, and Conagra Brands.

The Hershey Company has an analyst consensus of Moderate Buy, with a price target consensus of $215.13, implying a 21.81% upside from current levels. In a report released yesterday, RBC Capital also maintained a Hold rating on the stock with a $212.00 price target.

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 $3,674,616.40.

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