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

Hershey (NYSE:HSY) had its price target reduced by analysts at Mizuho from $200.00 to $180.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s price target points to a potential upside of 2.67% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Royal Bank of Canada decreased their price objective on shares of Hershey from $205.00 to $183.00 and set a “sector perform” rating on the stock in a research report on Friday, November 8th. The Goldman Sachs Group initiated coverage on Hershey in a research note on Monday, August 12th. They issued a “sell” rating and a $185.00 target price for the company. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Hershey from $191.00 to $199.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Redburn Atlantic assumed coverage on Hershey in a report on Tuesday, October 22nd. They issued a “sell” rating and a $165.00 price objective for the company. Finally, Piper Sandler raised their target price on shares of Hershey from $165.00 to $168.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Five analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $187.94.

Hershey Price Performance

Hershey stock opened at $175.32 on Monday. The firm has a market capitalization of $35.48 billion, a P/E ratio of 20.14, a PEG ratio of 4.18 and a beta of 0.37. Hershey has a one year low of $168.16 and a one year high of $211.92. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.85 and a quick ratio of 0.54. The business has a fifty day moving average price of $180.63 and a 200-day moving average price of $188.74.

Institutional Trading of Hershey

A number of hedge funds have recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in shares of Hershey in the third quarter valued at approximately $25,000. Capital Advisors Ltd. LLC raised its position in shares of Hershey by 218.2% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 140 shares of the company’s stock valued at $26,000 after buying an additional 96 shares during the period. GHP Investment Advisors Inc. lifted its holdings in Hershey by 55.0% in the second quarter. GHP Investment Advisors Inc. now owns 155 shares of the company’s stock valued at $28,000 after acquiring an additional 55 shares during the last quarter. OFI Invest Asset Management purchased a new position in Hershey in the second quarter worth approximately $29,000. Finally, Peterson Financial Group Inc. purchased a new stake in Hershey in the third quarter valued at $46,000. 57.96% of the stock is owned by hedge funds and other 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.