Hershey Co Gets a Hold Rating from Stifel Nicolaus

By Ryan Adsit

In a report released yesterday, Christopher Growe from Stifel Nicolaus reiterated a Hold rating on Hershey Co (NYSE: HSY), with a price target of $110. The company’s shares closed yesterday at $109.81.

According to TipRanks.com, Growe is a 5-star analyst with an average return of 10.4% and a 71.4% success rate. Growe covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Constellation Brands Inc, and Mondelez International.

Currently, the analyst consensus on Hershey Co is Hold and the average price target is $110.50, representing a 0.6% upside.

In a report issued on June 14, BMO Capital also reiterated a Hold rating on the stock with a $105 price target.

Based on Hershey Co’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.88 billion and quarterly net profit of $125 million. In comparison, last year the company earned revenue of $1.83 billion and had a net profit of $230 million.

Based on the recent corporate insider activity of 114 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Michael Wege, the SVP, CAO of HSY sold 14,440 shares for a total of $1,668,542.

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The Hershey Co. engages in the manufacture and market of chocolate and sugar confectionery products. It operates through the North America; and International and Other geographical segments. The North America segment distributes and sells traditional chocolates, non-chocolate confectionery, and snacks in Canada and the United States. The International and Other segment provides licenses to third parties and operates manufacturing plants outside America. Its brands include Hershey’s, Reese’s, and Kisses. The company was founded by Milton S. Hershey in 1894 and is headquartered in Hershey, PA.,000LNJ-E