Barclays Has Lowered Expectations for Hershey (NYSE:HSY) Stock Price

Hershey (NYSE:HSY) had its target price reduced by analysts at Barclays from $180.00 to $170.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 11.24% from the company’s current price.

A number of other research firms also recently issued reports on HSY. Citigroup dropped their target price on shares of Hershey from $165.00 to $159.00 and set a “sell” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus cut their target price on shares of Hershey from $195.00 to $180.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Redburn Atlantic started coverage on shares of Hershey in a research report on Tuesday, October 22nd. They set a “sell” rating and a $165.00 price target for the company. Piper Sandler cut their price objective on Hershey from $168.00 to $153.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Bank of America reaffirmed a “neutral” rating and issued a $180.00 target price on shares of Hershey in a research report on Thursday, December 12th. Six investment analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $176.42.

Hershey Price Performance

HSY stock opened at $152.82 on Friday. The stock has a 50-day moving average price of $171.86 and a two-hundred day moving average price of $184.39. The company has a market cap of $30.92 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 4.31 and a beta of 0.38. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.76. Hershey has a 12-month low of $150.31 and a 12-month high of $211.92.

Hedge Funds Weigh In On Hershey

A number of hedge funds have recently bought and sold shares of HSY. Ashton Thomas Securities LLC bought a new position in Hershey during the 3rd quarter worth approximately $25,000. Grove Bank & Trust raised its position in shares of Hershey by 248.0% during the 4th quarter. Grove Bank & Trust now owns 174 shares of the company’s stock valued at $29,000 after acquiring an additional 124 shares in the last quarter. ST Germain D J Co. Inc. lifted its stake in Hershey by 61.7% during the fourth quarter. ST Germain D J Co. Inc. now owns 262 shares of the company’s stock worth $44,000 after purchasing an additional 100 shares during the last quarter. Peterson Financial Group Inc. acquired a new position in Hershey in the third quarter worth $46,000. Finally, Future Financial Wealth Managment LLC bought a new stake in Hershey during the third quarter valued at $48,000. 57.96% of the stock is currently owned by institutional investors and hedge funds.

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.