Deutsche Bank Aktiengesellschaft Lowers Hershey (NYSE:HSY) Price Target to $148.00

Hershey (NYSE:HSY) had its price objective cut by equities research analysts at Deutsche Bank Aktiengesellschaft from $184.00 to $148.00 in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential downside of 1.69% from the stock’s previous close.

A number of other equities analysts have also recently commented on the company. TD Cowen lowered their price target on Hershey from $190.00 to $172.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Sanford C. Bernstein cut shares of Hershey from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $230.00 to $205.00 in a report on Monday, October 7th. Barclays reduced their price target on shares of Hershey from $180.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Redburn Atlantic began coverage on shares of Hershey in a research report on Tuesday, October 22nd. They set a “sell” rating and a $165.00 price objective for the company. Finally, Citigroup cut their target price on shares of Hershey from $165.00 to $159.00 and set a “sell” rating on the stock in a research report on Wednesday, January 8th. Six equities research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. According to MarketBeat, Hershey currently has an average rating of “Hold” and a consensus target price of $171.79.

Hershey Stock Performance

Shares of NYSE:HSY opened at $150.54 on Thursday. The company’s 50 day simple moving average is $169.54 and its 200 day simple moving average is $183.49. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.85 and a quick ratio of 0.54. Hershey has a 1 year low of $147.60 and a 1 year high of $211.92. The stock has a market capitalization of $30.46 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 4.28 and a beta of 0.38.

Hedge Funds Weigh In On Hershey

A number of hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of Hershey by 30,461.7% in the 3rd quarter. International Assets Investment Management LLC now owns 573,643 shares of the company’s stock worth $1,100,130,000 after acquiring an additional 571,766 shares in the last quarter. Principal Financial Group Inc. grew its stake in Hershey by 66.7% during the third quarter. Principal Financial Group Inc. now owns 972,836 shares of the company’s stock worth $186,571,000 after purchasing an additional 389,404 shares during the period. State Street Corp increased its holdings in Hershey by 5.8% in the third quarter. State Street Corp now owns 7,029,551 shares of the company’s stock worth $1,348,127,000 after purchasing an additional 386,670 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Hershey by 31.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 586,565 shares of the company’s stock valued at $112,491,000 after buying an additional 139,831 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Hershey by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,387,715 shares of the company’s stock worth $841,476,000 after buying an additional 109,336 shares in the last quarter. Institutional investors own 57.96% of the company’s stock.

Hershey Company Profile

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.