Hershey (NYSE:HSY) Given New $170.00 Price Target at Mizuho

Hershey (NYSE:HSY) had its price target dropped by investment analysts at Mizuho from $195.00 to $170.00 in a research report issued to clients and investors on Monday, Marketbeat.com reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s price target would suggest a potential downside of 0.29% from the stock’s current price.

HSY has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Hershey from $191.00 to $199.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. UBS Group lowered shares of Hershey from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $226.00 to $209.00 in a research note on Monday, October 7th. Stifel Nicolaus cut their target price on shares of Hershey from $195.00 to $180.00 and set a “hold” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. lowered their price target on Hershey from $188.00 to $180.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. Finally, Redburn Atlantic assumed coverage on Hershey in a research note on Tuesday, October 22nd. They issued a “sell” rating and a $165.00 price objective on the stock. Six research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. According to data from MarketBeat, Hershey currently has a consensus rating of “Hold” and an average price target of $184.61.

Hershey Stock Performance

Shares of NYSE HSY opened at $170.49 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.54 and a current ratio of 0.85. The stock has a 50 day moving average price of $178.22 and a 200 day moving average price of $187.27. The stock has a market capitalization of $34.50 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 4.24 and a beta of 0.37. Hershey has a 52 week low of $166.69 and a 52 week high of $211.92.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its holdings in shares of 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 acquiring an additional 389,404 shares during the period. Franklin Resources Inc. lifted its stake in Hershey by 95.4% during the third quarter. Franklin Resources Inc. now owns 218,055 shares of the company’s stock worth $40,558,000 after purchasing an additional 106,450 shares during the last quarter. Tidal Investments LLC lifted its stake in Hershey by 14.9% during the third quarter. Tidal Investments LLC now owns 8,360 shares of the company’s stock worth $1,603,000 after purchasing an additional 1,083 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of Hershey by 2.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 116,432 shares of the company’s stock valued at $22,329,000 after purchasing an additional 2,391 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co increased its stake in shares of Hershey by 2.8% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 5,697 shares of the company’s stock valued at $1,093,000 after purchasing an additional 153 shares during the last quarter. 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.