The Hershey Company (NYSE:HSY) has a beta value of 0.35 and has seen 0.46 million shares traded in the last trading session. The company, currently valued at $36.72B, closed the last trade at $177.99 per share which meant it lost -$0.23 on the day or -0.13% during that session. The HSY stock price is -2.65% off its 52-week high price of $182.71 and 24.71% above the 52-week low of $134.00. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.64 million shares traded. The 3-month trading volume is 754.77K shares.
The consensus among analysts is that The Hershey Company (HSY) is an Overweight stock at the moment, with a recommendation rating of 2.50. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 10 out of 19 have rated it as a Hold, with 8 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $1.43.
The Hershey Company (NYSE:HSY) trade information
Sporting -0.13% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the HSY stock price touched $177.99 or saw a rise of 0.65%. Year-to-date, The Hershey Company shares have moved 16.85%, while the 5-day performance has seen it change 1.34%. Over the past 30 days, the shares of The Hershey Company (NYSE:HSY) have changed -0.43%. Short interest in the company has seen 1.99 million shares shorted with days to cover at 1.87.
Wall Street analysts have a consensus price target for the stock at $185.76, which means that the shares’ value could jump 4.18% from current levels. The projected low price target is $174.00 while the price target rests at a high of $202.00. In that case, then, we find that the current price level is -13.49% off the targeted high while a plunge would see the stock lose 2.24% from current levels.
The Hershey Company (HSY) estimates and forecasts
Figures show that The Hershey Company shares have underperformed across the wider relevant industry. The company’s shares have gained 17.26% over the past 6 months, with this year growth rate of 9.86%, compared to 17.70% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 9.20% and 6.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be 7.60%.
12 analysts offering their estimates for the company have set an average revenue estimate of $1.99 billion for the current quarter. 12 have an estimated revenue figure of $2.29 billion for the next quarter concluding in Sep 2021. Year-ago sales stood $1.74 billion and $2.16 billion respectively for this quarter and the next, and analysts expect sales will grow by 14.20% for the current quarter and 5.80% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 21.30% over the past 5 years. Earnings growth for 2021 is a modest 11.90% while over the next 5 years, the company’s earnings are expected to increase by 8.82%.
The Hershey Company is expected to release its next earnings report between November 04 and November 08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 3.22 at a share yield of 1.81%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.29%.
The Hershey Company (NYSE:HSY)’s Major holders
Insiders own 0.21% of the company shares, while shares held by institutions stand at 118.85% with a share float percentage of 119.10%. Investors are also buoyed by the number of investors in a company, with The Hershey Company having a total of 1,338 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 15.09 million shares worth more than $2.39 billion. As of Mar 30, 2021, Blackrock Inc. held 10.31% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 13.18 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $2.08 billion and represent 9.00% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Mar 30, 2021, the former fund manager holds about 2.82% shares in the company for having 4.13 million shares of worth $653.4 million while later fund manager owns 3.0 million shares of worth $474.66 million as of Mar 30, 2021, which makes it owner of about 2.05% of company’s outstanding stock.