What’s Propelling The Hershey Company (HSY) to Reach 52 Week Low?

April 26, 2018 - By Vivian Park

The Hershey Company (NYSE:HSY) Logo

Investors sentiment increased to 1.13 in 2017 Q4. Its up 0.07, from 1.06 in 2017Q3. It is positive, as 49 investors sold The Hershey Company shares while 191 reduced holdings. 78 funds opened positions while 193 raised stakes. 107.20 million shares or 0.23% more from 106.96 million shares in 2017Q3 were reported.
Gofen And Glossberg Ltd Liability Co Il reported 0.1% in The Hershey Company (NYSE:HSY). Centre Asset Ltd Company owns 43,180 shares or 1.19% of their US portfolio. North Star Management holds 0% or 255 shares. Lazard Asset Mgmt Ltd Llc holds 0% or 5,974 shares in its portfolio. Hbk Invests Limited Partnership holds 0.07% or 68,612 shares. Stack Fincl Mgmt Inc holds 1.36% of its portfolio in The Hershey Company (NYSE:HSY) for 118,734 shares. Sand Hill Advsrs Ltd Liability Corp owns 33,447 shares for 0.38% of their portfolio. Omers Administration owns 62,600 shares or 0.07% of their US portfolio. Davenport Co Limited Co reported 4,776 shares stake. Carroll Assocs Inc reported 1,673 shares or 0.02% of all its holdings. Foyston Gordon & Payne Inc invested in 45,840 shares or 0.99% of the stock. The Nebraska-based Pittenger And Anderson Inc has invested 0% in The Hershey Company (NYSE:HSY). Fjarde Ap, a Alabama-based fund reported 36,725 shares. Northern Trust stated it has 0.06% in The Hershey Company (NYSE:HSY). Dekabank Deutsche Girozentrale has 0.01% invested in The Hershey Company (NYSE:HSY).

Since January 26, 2018, it had 0 insider purchases, and 1 sale for $44,620 activity.

The stock of The Hershey Company (NYSE:HSY) hit a new 52-week low and has $86.54 target or 7.00 % below today’s $93.05 share price. The 8 months bearish chart indicates high risk for the $19.59B company. The 1-year low was reported on Apr, 26 by Barchart.com. If the $86.54 price target is reached, the company will be worth $1.37B less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 0.52% or $0.49 during the last trading session, reaching $93.05. About 1.20 million shares traded. The Hershey Company (NYSE:HSY) has declined 9.67% since April 26, 2017 and is downtrending. It has underperformed by 21.22% the S&P500.

The Hershey Company (NYSE:HSY) Ratings Coverage

Among 15 analysts covering The Hershey (NYSE:HSY), 2 have Buy rating, 3 Sell and 10 Hold. Therefore 13% are positive. The Hershey had 22 analyst reports since October 27, 2017 according to SRatingsIntel. Credit Suisse downgraded The Hershey Company (NYSE:HSY) rating on Friday, February 2. Credit Suisse has “Hold” rating and $115.0 target. RBC Capital Markets maintained The Hershey Company (NYSE:HSY) on Tuesday, April 24 with “Hold” rating. On Wednesday, February 14 the stock rating was maintained by JP Morgan with “Neutral”. The firm has “Sell” rating given on Tuesday, April 10 by UBS. Morgan Stanley maintained it with “Underweight” rating and $93 target in Wednesday, April 18 report. The firm has “Neutral” rating given on Friday, October 27 by UBS. Susquehanna maintained The Hershey Company (NYSE:HSY) on Monday, April 23 with “Hold” rating. Citigroup maintained the stock with “Buy” rating in Friday, October 27 report. RBC Capital Markets maintained it with “Hold” rating and $120.0 target in Tuesday, January 30 report. The stock of The Hershey Company (NYSE:HSY) has “Sell” rating given on Tuesday, January 16 by Goldman Sachs.

The Hershey Company, together with its subsidiaries, makes and sells confectionery products. The company has market cap of $19.59 billion. The firm operates through two divisions, North America, and International and Other. It has a 25.42 P/E ratio. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products comprising chewing gums and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items, including spreads, meat snacks, bars and snack bites, and mixes.

The Hershey Company (NYSE:HSY) Institutional Positions Chart

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