Hershey Co Receives a Hold from Susquehanna

By Carrie Williams

Susquehanna analyst Pablo Zuanic reiterated a Hold rating on Hershey Co (NYSE: HSY) today and set a price target of $115. The company’s shares opened today at $114.88, close to its 52-week high of $117.79.

According to TipRanks.com, Zuanic is a 2-star analyst with an average return of 0.6% and a 43.4% success rate. Zuanic covers the Consumer Goods sector, focusing on stocks such as Constellation Brands Inc, Anheuser-Busch Inbev Sa, and Mondelez International.

Currently, the analyst consensus on Hershey Co is Hold and the average price target is $110.50, representing a -3.8% downside.

In a report issued on June 2, RBC Capital also reiterated a Hold rating on the stock with a $114 price target.

Hershey Co’s market cap is currently $23.71B and has a P/E ratio of 39.86. The company has a book value ratio of 28.5615.

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.