Hershey Co (HSY) CEO Michele Buck Sells 1,500 Shares

Hershey Co (NYSE:HSY) CEO Michele Buck sold 1,500 shares of Hershey stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $117.00, for a total value of $175,500.00. Following the completion of the transaction, the chief executive officer now owns 161,429 shares of the company’s stock, valued at approximately $18,887,193. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Michele Buck also recently made the following trade(s):

  • On Wednesday, March 20th, Michele Buck sold 1,500 shares of Hershey stock. The shares were sold at an average price of $109.52, for a total value of $164,280.00.
  • On Wednesday, February 20th, Michele Buck sold 1,500 shares of Hershey stock. The shares were sold at an average price of $109.59, for a total value of $164,385.00.

HSY opened at $116.86 on Wednesday. Hershey Co has a 52-week low of $89.10 and a 52-week high of $117.74. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.60. The firm has a market cap of $24.39 billion, a P/E ratio of 21.80, a price-to-earnings-growth ratio of 2.43 and a beta of 0.15.

Hershey (NYSE:HSY) last posted its quarterly earnings data on Thursday, January 31st. The company reported $1.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.27 by ($0.01). The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Hershey had a net margin of 15.11% and a return on equity of 95.97%. During the same quarter in the previous year, the firm earned $1.03 EPS. As a group, research analysts forecast that Hershey Co will post 5.65 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on the company. Zacks Investment Research cut Hershey from a “buy” rating to a “hold” rating in a report on Monday, January 21st. ValuEngine cut Hershey from a “buy” rating to a “hold” rating in a report on Thursday, January 24th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. Hershey currently has a consensus rating of “Hold” and a consensus target price of $103.36.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bremer Trust National Association bought a new position in shares of Hershey in the 4th quarter worth $29,000. Claybrook Capital LLC bought a new position in shares of Hershey in the 4th quarter worth $29,000. Csenge Advisory Group bought a new position in shares of Hershey in the 3rd quarter worth $31,000. Oregon Public Employees Retirement Fund raised its position in shares of Hershey by 10,179.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,456,662 shares of the company’s stock worth $32,000 after acquiring an additional 3,423,036 shares in the last quarter. Finally, Acima Private Wealth LLC bought a new position in shares of Hershey in the 4th quarter worth $33,000. 52.41% of the stock is owned by institutional investors and hedge funds.

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Hershey Company Profile

The Hershey Company, together with its subsidiaries, manufactures and sells confectionery products. The company operates through two segments, North America; and International and Other. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products comprising mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items, including spreads, meat snacks, bars and snack bites, mixes, popcorn and protein bars, and cookies.

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Insider Buying and Selling by Quarter for Hershey (NYSE:HSY)

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