Michele Buck Sells 3,832 Shares of Hershey Co (NYSE:HSY) Stock

Hershey Co (NYSE:HSY) CEO Michele Buck sold 3,832 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $152.04, for a total transaction of $582,617.28. Following the completion of the transaction, the chief executive officer now directly owns 157,761 shares in the company, valued at approximately $23,985,982.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Thursday, October 10th, Michele Buck sold 1,500 shares of Hershey stock. The stock was sold at an average price of $155.85, for a total transaction of $233,775.00.
  • On Tuesday, October 1st, Michele Buck sold 3,832 shares of Hershey stock. The stock was sold at an average price of $154.79, for a total transaction of $593,155.28.
  • On Tuesday, September 10th, Michele Buck sold 1,500 shares of Hershey stock. The stock was sold at an average price of $155.13, for a total transaction of $232,695.00.
  • On Monday, August 12th, Michele Buck sold 1,500 shares of Hershey stock. The stock was sold at an average price of $155.56, for a total transaction of $233,340.00.

Shares of NYSE:HSY opened at $153.07 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.88 and a quick ratio of 0.48. Hershey Co has a 1-year low of $99.15 and a 1-year high of $162.20. The company has a market capitalization of $32.01 billion, a P/E ratio of 28.56, a P/E/G ratio of 3.63 and a beta of 0.07. The firm’s 50 day simple moving average is $155.10 and its two-hundred day simple moving average is $140.52.

Hershey (NYSE:HSY) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.13. Hershey had a net margin of 15.51% and a return on equity of 83.29%. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the firm earned $1.14 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, sell-side analysts anticipate that Hershey Co will post 5.74 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the business. Krane Funds Advisors LLC purchased a new position in shares of Hershey in the second quarter worth $25,000. Country Trust Bank bought a new stake in Hershey in the third quarter worth $30,000. Adirondack Trust Co. bought a new stake in Hershey in the third quarter worth $31,000. Berman Capital Advisors LLC increased its position in Hershey by 172.8% in the second quarter. Berman Capital Advisors LLC now owns 221 shares of the company’s stock worth $28,000 after purchasing an additional 140 shares during the last quarter. Finally, First Interstate Bank bought a new stake in Hershey in the second quarter worth $38,000. 53.68% of the stock is currently owned by institutional investors and hedge funds.

HSY has been the topic of a number of research reports. Sanford C. Bernstein downgraded shares of Hershey from an “outperform” rating to a “market perform” rating and set a $155.00 price objective on the stock. in a report on Thursday, September 12th. They noted that the move was a valuation call. Wells Fargo & Co raised their price objective on shares of Hershey from $112.00 to $130.00 and gave the stock a “market perform” rating in a report on Tuesday, July 23rd. They noted that the move was a valuation call. Bank of America reissued a “buy” rating and issued a $165.00 price objective (up previously from $152.00) on shares of Hershey in a report on Friday, July 26th. Goldman Sachs Group raised shares of Hershey from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $86.00 to $142.00 in a report on Wednesday, July 17th. Finally, ValuEngine downgraded shares of Hershey from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the stock. Hershey presently has an average rating of “Hold” and a consensus price target of $143.00.

About Hershey

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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