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

Hershey (NYSE:HSY) had its price objective decreased by analysts at Deutsche Bank Aktiengesellschaft from $184.00 to $148.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential downside of 2.10% from the company’s previous close.

Several other research firms also recently weighed in on HSY. Redburn Atlantic assumed coverage on Hershey in a research note on Tuesday, October 22nd. They set a “sell” rating and a $165.00 price target on the stock. Jefferies Financial Group cut their price target on shares of Hershey from $150.00 to $134.00 and set an “underperform” rating on the stock in a report on Tuesday. UBS Group decreased their price objective on shares of Hershey from $189.00 to $163.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Piper Sandler cut their price objective on shares of Hershey from $168.00 to $153.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Wells Fargo & Company decreased their target price on shares of Hershey from $150.00 to $140.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Six equities research analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $172.32.

Hershey Trading Down 1.6 %

NYSE HSY opened at $151.18 on Thursday. Hershey has a 12-month low of $150.31 and a 12-month high of $211.92. The company has a fifty day simple moving average of $170.12 and a two-hundred day simple moving average of $183.73. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.76. The stock has a market cap of $30.59 billion, a P/E ratio of 17.42, a P/E/G ratio of 4.30 and a beta of 0.38.

Institutional Trading of Hershey

Institutional investors and hedge funds have recently modified their holdings of the stock. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Hershey during the third quarter valued at approximately $1,337,000. Principal Financial Group Inc. raised its stake in Hershey by 66.7% in the 3rd quarter. Principal Financial Group Inc. now owns 972,836 shares of the company’s stock valued at $186,571,000 after purchasing an additional 389,404 shares during the last quarter. Woodstock Corp lifted its holdings in Hershey by 34.8% in the 4th quarter. Woodstock Corp now owns 6,896 shares of the company’s stock valued at $1,168,000 after purchasing an additional 1,780 shares in the last quarter. HighTower Advisors LLC boosted its stake in Hershey by 61.9% during the 3rd quarter. HighTower Advisors LLC now owns 120,159 shares of the company’s stock worth $23,052,000 after purchasing an additional 45,936 shares during the last quarter. Finally, Pensionfund Sabic grew its holdings in shares of Hershey by 55.6% during the fourth quarter. Pensionfund Sabic now owns 8,400 shares of the company’s stock worth $1,423,000 after buying an additional 3,000 shares in the last quarter. Hedge funds and other 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.