Hershey Company (HSY) Stock: Analyzing the Market Value

Hershey Company (NYSE: HSY) has a higher price-to-earnings ratio of 22.15x compared to its average ratio, The 36-month beta value for HSY is at 0.33. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 3 rating it as “overweight,” 12 as “hold,” and 2 as “sell.”

The public float for HSY is 148.80M, and currently, shorts hold a 2.53% of that float. The average trading volume for HSY on April 03, 2024 was 2.07M shares.

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HSY) stock’s latest price update

The stock of Hershey Company (NYSE: HSY) has increased by 1.15 when compared to last closing price of 198.27.Despite this, the company has seen a gain of 4.31% in its stock price over the last five trading days. CNBC Television reported 2024-04-01 that Chris Grisanti, MAI Capital Management chief equity strategist, joins ‘The Exchange’ to discuss how to trade Bristol Myers Squibb, Verizon, Hershey, and Boeing.

HSY’s Market Performance

HSY’s stock has risen by 4.31% in the past week, with a monthly rise of 6.65% and a quarterly rise of 7.57%. The volatility ratio for the week is 1.71% while the volatility levels for the last 30 days are 2.19% for Hershey Company The simple moving average for the last 20 days is 2.96% for HSY’s stock, with a simple moving average of -2.39% for the last 200 days.

Analysts’ Opinion of HSY

Many brokerage firms have already submitted their reports for HSY stocks, with Exane BNP Paribas repeating the rating for HSY by listing it as a “Neutral.” The predicted price for HSY in the upcoming period, according to Exane BNP Paribas is $208 based on the research report published on March 26, 2024 of the current year 2024.

Morgan Stanley, on the other hand, stated in their research note that they expect to see HSY reach a price target of $183, previously predicting the price at $191. The rating they have provided for HSY stocks is “Underweight” according to the report published on February 12th, 2024.

Citigroup gave a rating of “Neutral” to HSY, setting the target price at $213 in the report published on February 01st of the current year.

HSY Trading at 3.66% from the 50-Day Moving Average

After a stumble in the market that brought HSY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.57% of loss for the given period.

Volatility was left at 2.19%, however, over the last 30 days, the volatility rate increased by 1.71%, as shares surge +8.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.30% upper at present.

During the last 5 trading sessions, HSY rose by +4.31%, which changed the moving average for the period of 200-days by -23.04% in comparison to the 20-day moving average, which settled at $195.61. In addition, Hershey Company saw 7.57% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at HSY starting from Voskuil Steven E, who sale 1,500 shares at the price of $197.90 back on Mar 25 ’24. After this action, Voskuil Steven E now owns 40,228 shares of Hershey Company, valued at $296,850 using the latest closing price.

Grover Rohit, the President, International of Hershey Company, sale 4,200 shares at $182.99 during a trade that took place back on Mar 04 ’24, which means that Grover Rohit is holding 27,161 shares at $768,578 based on the most recent closing price.

Stock Fundamentals for HSY

Current profitability levels for the company are sitting at:

  • 0.23 for the present operating margin
  • 0.45 for the gross margin

The net margin for Hershey Company stands at 0.17. The total capital return value is set at 0.29. Equity return is now at value 50.33, with 16.29 for asset returns.

Based on Hershey Company (HSY), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.48. The debt to equity ratio resting at 1.17. The interest coverage ratio of the stock is 17.21.

Currently, EBITDA for the company is 3.12 billion with net debt to EBITDA at 1.67. When we switch over and look at the enterprise to sales, we see a ratio of 4.06. The receivables turnover for the company is 13.56for trailing twelve months and the total asset turnover is 0.94. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.97.

Conclusion

In conclusion, Hershey Company (HSY) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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