As of close of business last night, Hershey Company’s stock clocked out at $190.90, down -0.71% from its previous closing price of $192.26. In other words, the price has decreased by -$1.36 from its previous closing price. On the day, 2395624 shares were traded.
Ratios:
To gain a deeper understanding of HSY’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 96.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.09. For the most recent quarter (mrq), Quick Ratio is recorded 0.52 and its Current Ratio is at 0.97. In the meantime, Its Debt-to-Equity ratio is 1.25 whereas as Long-Term Debt/Eq ratio is at 0.99.
On February 12, 2024, Morgan Stanley Downgraded its rating to Underweight which previously was Equal-Weight and also lowered its target price recommendation from $191 to $183.
On February 01, 2024, Citigroup started tracking the stock assigning a Neutral rating and target price of $213.Citigroup initiated its Neutral rating on February 01, 2024, with a $213 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 25 ’24 when Voskuil Steven E sold 1,500 shares for $197.90 per share. The transaction valued at 296,850 led to the insider holds 40,228 shares of the business.
Grover Rohit sold 4,200 shares of HSY for $768,578 on Mar 04 ’24. The President, International now owns 27,161 shares after completing the transaction at $182.99 per share. On Feb 23 ’24, another insider, Voskuil Steven E, who serves as the SVP, Chief Financial Officer of the company, sold 1,500 shares for $193.06 each. As a result, the insider received 289,590 and left with 42,710 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HSY now has a Market Capitalization of 38.93B and an Enterprise Value of 43.66B. As of this moment, Hershey’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.08, and their Forward P/E ratio for the next fiscal year is 18.80. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.49 while its Price-to-Book (P/B) ratio in mrq is 9.52. Its current Enterprise Value per Revenue stands at 3.91 whereas that against EBITDA is 15.86.
Stock Price History:
The Beta on a monthly basis for HSY is 0.34, which has changed by -24.43% over the last 52 weeks, in comparison to a change of 29.19% over the same period for the S&P500. Over the past 52 weeks, HSY has reached a high of $276.88, while it has fallen to a 52-week low of $178.82. The 50-Day Moving Average of the stock is 193.23, while the 200-Day Moving Average is calculated to be 206.37.
Shares Statistics:
It appears that HSY traded 2.02M shares on average per day over the past three months and 3.19M shares per day over the past ten days. A total of 149.78M shares are outstanding, with a floating share count of 148.79M. Insiders hold about 27.04% of the company’s shares, while institutions hold 58.90% stake in the company. Shares short for HSY as of Feb 29, 2024 were 2.85M with a Short Ratio of 1.41, compared to 2.79M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.40% and a Short% of Float of 2.13%.
Dividends & Splits
With its trailing 12-month dividend rate of 4.46, HSY has a forward annual dividend rate of 4.79. Against a Trailing Annual Dividend Yield of 2.32%, it implies a Forward Annual Dividend Yield of 2.87%. The stock’s 5-year Average Dividend Yield is 1.96. The current Payout Ratio is 49.20% for HSY, which recently paid a dividend on Mar 15, 2024 with an ex-dividend date of Feb 16, 2024. Stock splits for the company last occurred on Jun 16, 2004 when the company split stock in a 2:1 ratio.
Earnings Estimates
As of right now, 19 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $2.79 for the current quarter, with a high estimate of $3.09 and a low estimate of $2.56, while EPS last year was $2.96. The consensus estimate for the next quarter is $1.73, with high estimates of $1.87 and low estimates of $1.49.
Analysts are recommending an EPS of between $9.91 and $9.07 for the fiscal current year, implying an average EPS of $9.59. EPS for the following year is $10.21, with 23 analysts recommending between $10.64 and $9.78.
Revenue Estimates
In the current quarter, 16 analysts expect revenue to total $3.11B. It ranges from a high estimate of $3.22B to a low estimate of $2.98B. As of the current estimate, Hershey Company’s year-ago sales were $2.99B, an estimated increase of 4.10% from the year-ago figure. For the next quarter, 16 analysts are estimating revenue of $2.48B, a decrease of -1.10% less than the figure of $4.10% in the same quarter last year. There is a high estimate of $2.56B for the next quarter, whereas the lowest estimate is $2.41B.
A total of 21 analysts have provided revenue estimates for HSY’s current fiscal year. The highest revenue estimate was $11.77B, while the lowest revenue estimate was $11.39B, resulting in an average revenue estimate of $11.48B. In the same quarter a year ago, actual revenue was $11.16B, up 2.80% from the average estimate. Based on 21 analysts’ estimates, the company’s revenue will be $11.85B in the next fiscal year. The high estimate is $12.22B and the low estimate is $11.7B. The average revenue growth estimate for next year is up 3.20% from the average revenue estimate for this year.
