Hershey (NYSE:HSY) Price Target Cut to $150.00 by Analysts at Wells Fargo & Company

Hershey (NYSE:HSY) had its price target lowered by stock analysts at Wells Fargo & Company from $160.00 to $150.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential downside of 10.77% from the company’s current price.

HSY has been the subject of several other reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Hershey from $191.00 to $199.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Sanford C. Bernstein cut shares of Hershey from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $230.00 to $205.00 in a research report on Monday, October 7th. UBS Group lowered Hershey from a “buy” rating to a “neutral” rating and cut their price objective for the company from $226.00 to $209.00 in a research report on Monday, October 7th. Redburn Atlantic began coverage on Hershey in a research report on Tuesday, October 22nd. They issued a “sell” rating and a $165.00 target price for the company. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $183.00 target price on shares of Hershey in a report on Tuesday, December 10th. Six analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $184.06.

Hershey Trading Up 0.8 %

NYSE:HSY traded up $1.37 on Tuesday, hitting $168.11. 139,364 shares of the stock were exchanged, compared to its average volume of 822,261. 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 fifty-two week low of $165.78 and a fifty-two week high of $211.92. The stock has a market cap of $34.02 billion, a PE ratio of 19.37, a PEG ratio of 4.38 and a beta of 0.38. The stock has a fifty day moving average of $175.42 and a 200-day moving average of $186.05.

Hedge Funds Weigh In On Hershey

Hedge funds have recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Hershey during the third quarter valued at approximately $1,337,000. Principal Financial Group Inc. grew its position in Hershey by 66.7% during the 3rd quarter. Principal Financial Group Inc. now owns 972,836 shares of the company’s stock worth $186,571,000 after purchasing an additional 389,404 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Hershey by 61.9% in the 3rd quarter. HighTower Advisors LLC now owns 120,159 shares of the company’s stock valued at $23,052,000 after purchasing an additional 45,936 shares during the period. LPL Financial LLC boosted its position in Hershey by 10.0% during the second quarter. LPL Financial LLC now owns 320,680 shares of the company’s stock valued at $58,951,000 after purchasing an additional 29,246 shares during the last quarter. Finally, Soltis Investment Advisors LLC increased its holdings in Hershey by 53.7% in the third quarter. Soltis Investment Advisors LLC now owns 44,339 shares of the company’s stock worth $8,503,000 after buying an additional 15,497 shares during the last quarter. 57.96% of the stock is currently owned by institutional investors and hedge funds.

About Hershey

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.