Hershey (NYSE:HSY) Price Target Lowered to $163.00 at UBS Group

Hershey (NYSE:HSY) had its price objective dropped by research analysts at UBS Group from $189.00 to $163.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential upside of 5.76% from the stock’s previous close.

A number of other analysts also recently weighed in on the stock. Piper Sandler reduced their price target on shares of Hershey from $168.00 to $153.00 and set a “neutral” rating for the company in a report on Thursday. TD Cowen reduced their target price on shares of Hershey from $190.00 to $172.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Mizuho decreased their target price on Hershey from $195.00 to $170.00 and set a “neutral” rating on the stock in a research report on Monday, December 23rd. Redburn Atlantic started coverage on Hershey in a report on Tuesday, October 22nd. They issued a “sell” rating and a $165.00 price target for the company. Finally, Barclays reduced their price objective on Hershey from $202.00 to $180.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Six investment analysts have rated the stock with a sell rating and fourteen have given a hold rating to the stock. Based on data from MarketBeat.com, Hershey currently has a consensus rating of “Hold” and a consensus target price of $177.47.

Hershey Stock Performance

Shares of HSY stock traded up $2.38 during trading hours on Thursday, reaching $154.13. 1,633,936 shares of the company’s stock were exchanged, compared to its average volume of 2,019,978. The business has a fifty day moving average price of $173.19 and a 200-day moving average price of $185.04. The stock has a market capitalization of $31.19 billion, a P/E ratio of 17.76, a P/E/G ratio of 4.31 and a beta of 0.38. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.76. Hershey has a fifty-two week low of $150.31 and a fifty-two week high of $211.92.

Institutional Investors Weigh In On Hershey

A number of large investors have recently bought and sold shares of the business. Ashton Thomas Securities LLC bought a new position in Hershey in the 3rd quarter valued at $25,000. Grove Bank & Trust increased its stake in shares of Hershey by 248.0% in the fourth quarter. Grove Bank & Trust now owns 174 shares of the company’s stock valued at $29,000 after buying an additional 124 shares in the last quarter. ST Germain D J Co. Inc. increased its stake in shares of Hershey by 61.7% in the fourth quarter. ST Germain D J Co. Inc. now owns 262 shares of the company’s stock valued at $44,000 after buying an additional 100 shares in the last quarter. Peterson Financial Group Inc. bought a new position in shares of Hershey in the third quarter valued at about $46,000. Finally, Future Financial Wealth Managment LLC acquired a new position in Hershey during the 3rd quarter worth about $48,000. 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.