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

Hershey (NYSE:HSY) had its price objective lowered by research analysts at Mizuho from $195.00 to $170.00 in a research note issued on Monday, MarketBeat.com reports. The firm currently has a “neutral” rating on the stock. Mizuho’s price objective would indicate a potential downside of 0.29% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $183.00 price objective on shares of Hershey in a research note on Tuesday, December 10th. Bank of America reaffirmed a “neutral” rating and issued a $180.00 price target on shares of Hershey in a research report on Thursday, December 12th. UBS Group downgraded Hershey from a “buy” rating to a “neutral” rating and decreased their target price for the company from $226.00 to $209.00 in a research note on Monday, October 7th. Piper Sandler upped their price target on Hershey from $165.00 to $168.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Hershey from $191.00 to $199.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Six investment analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. Based on data from MarketBeat.com, Hershey has a consensus rating of “Hold” and an average target price of $184.61.

Hershey Stock Performance

Shares of NYSE HSY opened at $170.49 on Monday. The business’s 50-day simple moving average is $178.22 and its 200-day simple moving average is $187.27. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.54 and a current ratio of 0.85. Hershey has a 52 week low of $166.69 and a 52 week high of $211.92. The firm has a market cap of $34.50 billion, a price-to-earnings ratio of 19.64, a P/E/G ratio of 4.24 and a beta of 0.37.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HSY. Ashton Thomas Securities LLC bought a new stake in Hershey during the 3rd quarter worth about $25,000. GHP Investment Advisors Inc. raised its stake in shares of Hershey by 55.0% during the second quarter. GHP Investment Advisors Inc. now owns 155 shares of the company’s stock worth $28,000 after buying an additional 55 shares during the last quarter. Peterson Financial Group Inc. bought a new position in Hershey in the third quarter valued at approximately $46,000. Future Financial Wealth Managment LLC acquired a new stake in Hershey during the 3rd quarter worth $48,000. Finally, nVerses Capital LLC bought a new stake in shares of Hershey during the 2nd quarter valued at $55,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

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.