Hershey (NYSE:HSY) Price Target Lowered to $180.00 at Mizuho

Hershey (NYSE:HSY) had its price target lowered by Mizuho from $200.00 to $180.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s target price would suggest a potential downside of 3.83% from the stock’s previous close.

A number of other equities research analysts have also recently commented on HSY. Redburn Atlantic initiated coverage on Hershey in a report on Tuesday, October 22nd. They set a “sell” rating and a $165.00 target price on the stock. Barclays decreased their price objective on Hershey from $202.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Piper Sandler boosted their target price on shares of Hershey from $165.00 to $168.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. decreased their price target on shares of Hershey from $188.00 to $180.00 and set a “neutral” rating on the stock in a research note on Monday, October 14th. Finally, Citigroup lowered shares of Hershey from a “neutral” rating to a “sell” rating and cut their price objective for the company from $195.00 to $182.00 in a research report on Tuesday, August 27th. Five investment analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $187.94.

Hershey Trading Down 3.4 %

NYSE:HSY opened at $187.16 on Monday. Hershey has a 1 year low of $168.16 and a 1 year high of $211.92. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.54 and a current ratio of 0.85. The stock has a fifty day moving average price of $180.67 and a two-hundred day moving average price of $188.69. The stock has a market capitalization of $37.87 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 4.18 and a beta of 0.37.

Institutional Trading of Hershey

Several institutional investors have recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in shares of Hershey in the third quarter valued at approximately $25,000. Capital Advisors Ltd. LLC grew its holdings in shares of Hershey by 218.2% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 140 shares of the company’s stock worth $26,000 after purchasing an additional 96 shares in the last quarter. GHP Investment Advisors Inc. increased its position in shares of Hershey by 55.0% in the second quarter. GHP Investment Advisors Inc. now owns 155 shares of the company’s stock worth $28,000 after purchasing an additional 55 shares during the period. OFI Invest Asset Management acquired a new position in Hershey in the second quarter valued at about $29,000. Finally, Gradient Investments LLC lifted its position in Hershey by 71.9% during the second quarter. Gradient Investments LLC now owns 251 shares of the company’s stock worth $46,000 after purchasing an additional 105 shares during the period. 57.96% of the stock is currently owned by institutional investors.

About Hershey

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.