Hershey (NYSE:HSY) Given New $148.00 Price Target at Deutsche Bank Aktiengesellschaft

Hershey (NYSE:HSY) had its target price reduced by equities researchers at Deutsche Bank Aktiengesellschaft from $184.00 to $148.00 in a research note issued to investors on Thursday, Marketbeat.com reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential downside of 1.69% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company cut their target price on Hershey from $150.00 to $140.00 and set an “underweight” rating on the stock in a report on Friday, January 17th. Sanford C. Bernstein lowered shares of Hershey from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $230.00 to $205.00 in a research note on Monday, October 7th. UBS Group decreased their target price on shares of Hershey from $189.00 to $163.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Mizuho dropped their price target on shares of Hershey from $195.00 to $170.00 and set a “neutral” rating on the stock in a research report on Monday, December 23rd. Finally, Citigroup decreased their price objective on Hershey from $165.00 to $159.00 and set a “sell” rating for the company in a report on Wednesday, January 8th. Six analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $171.79.

Hershey Stock Up 0.4 %

HSY stock opened at $150.54 on Thursday. 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 fifty-two week low of $147.60 and a fifty-two week high of $211.92. The stock’s 50 day simple moving average is $169.54 and its 200 day simple moving average is $183.49. The company has a market cap of $30.46 billion, a P/E ratio of 17.34, a price-to-earnings-growth ratio of 4.28 and a beta of 0.38.

Hedge Funds Weigh In On Hershey

Several institutional investors and hedge funds have recently bought and sold shares of HSY. Ashton Thomas Securities LLC purchased a new position in shares of Hershey during the 3rd quarter valued at $25,000. Grove Bank & Trust lifted its holdings in Hershey by 248.0% during the fourth quarter. Grove Bank & Trust now owns 174 shares of the company’s stock valued at $29,000 after purchasing an additional 124 shares during the last quarter. ST Germain D J Co. Inc. lifted its holdings in Hershey by 61.7% during the fourth quarter. ST Germain D J Co. Inc. now owns 262 shares of the company’s stock valued at $44,000 after purchasing an additional 100 shares during the last quarter. Peterson Financial Group Inc. purchased a new position in shares of Hershey in the third quarter worth about $46,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Hershey in the third quarter valued at approximately $48,000. 57.96% of the stock is owned by institutional investors.

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.