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Stifel Nicolaus Remains a Hold on Hershey Co (HSY)

Stifel Nicolaus analyst Christopher Growe maintained a Hold rating on Hershey Co (HSYResearch Report) yesterday and set a price target of $215.00. The company’s shares closed last Tuesday at $220.13, close to its 52-week high of $231.60.

According to TipRanks.com, Growe is a 4-star analyst with an average return of 7.9% and a 66.9% success rate. Growe covers the Consumer Goods sector, focusing on stocks such as McCormick & Company, Philip Morris, and General Mills.

Currently, the analyst consensus on Hershey Co is a Moderate Buy with an average price target of $214.40, implying a -4.6% downside from current levels. In a report issued on April 13, Deutsche Bank also maintained a Hold rating on the stock with a $210.00 price target.

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The company has a one-year high of $231.60 and a one-year low of $157.94. Currently, Hershey Co has an average volume of 1.05M.

Based on the recent corporate insider activity of 137 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HSY in relation to earlier this year. Most recently, in February 2022, Hershey Trust Co Trustee In Trust For Milton Hersh, a Major Shareholder at HSY sold 1,000,000 shares for a total of $203,350,000.

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Pennsylvania-based The Hershey Co. is one of the largest chocolate manufacturers in the world. The company manufactures and markets chocolate and sugar confectionery products such as cookies, cakes, milkshakes, drinks, and many more that are produced globally. Its brands include Hershey’s, Reese’s, and Kisses. The company operates through two geographical segments: North America and International and Other.

Read More on HSY:

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