The stock of Hershey Company (HSY) has seen a -2.98% decrease in the past week, with a 0.01% gain in the past month, and a 1.63% flourish in the past quarter. The volatility ratio for the week is 1.97%, and the volatility levels for the past 30 days are at 2.12% for HSY. The simple moving average for the past 20 days is -0.81% for HSY’s stock, with a -4.55% simple moving average for the past 200 days.
Is It Worth Investing in Hershey Company (NYSE: HSY) Right Now?
Hershey Company (NYSE: HSY) has a higher price-to-earnings ratio of 21.49x 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 148.83M, and currently, shorts hold a 2.53% of that float. The average trading volume for HSY on April 10, 2024 was 2.04M shares.
HSY) stock’s latest price update
The stock of Hershey Company (NYSE: HSY) has increased by 0.20 when compared to last closing price of 194.19. Despite this, the company has experienced a -2.98% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-09 that Hershey (HSY) undertakes buyouts to augment portfolio strength and boost revenues. The company’s strategic pricing initiatives are yielding.
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 0.27% 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 -29.72% of loss for the given period.
Volatility was left at 2.12%, however, over the last 30 days, the volatility rate increased by 1.97%, as shares sank -2.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.30% upper at present.
During the last 5 trading sessions, HSY fell by -2.98%, which changed the moving average for the period of 200-days by -25.25% in comparison to the 20-day moving average, which settled at $195.95. In addition, Hershey Company saw 4.37% 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 3.95. 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 mixed 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.
