What’s The Hershey Company (HSY) Downside After Touching 1 Year Low?

April 24, 2018 - By Nellie Frank

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 improved, 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.
Capital Financial Advisers Ltd Limited Liability Company reported 0% in The Hershey Company (NYSE:HSY). Stonebridge Capital reported 12,598 shares stake. Hl Serv Ltd Liability Corporation stated it has 27,192 shares or 0.06% of all its holdings. E&G Lp owns 3,700 shares for 0.18% of their portfolio. Goldman Sachs Grp Inc owns 1.61 million shares or 0.04% of their US portfolio. Scotia Capital Inc reported 21,800 shares. Rothschild Asset invested 0.51% of its portfolio in The Hershey Company (NYSE:HSY). Employees Retirement Systems Of Texas reported 8,000 shares or 0.01% of all its holdings. Zacks Mngmt holds 117,638 shares. Profund Advsrs Ltd Com owns 3,641 shares or 0.02% of their US portfolio. Thrivent Fin For Lutherans stated it has 0% in The Hershey Company (NYSE:HSY). Norinchukin Bankshares The has invested 0.26% of its portfolio in The Hershey Company (NYSE:HSY). Benedict Financial Advsr has 1.13% invested in The Hershey Company (NYSE:HSY). Chevy Chase Trust Holdg has invested 0.06% in The Hershey Company (NYSE:HSY). Ing Groep Nv holds 0.11% or 55,662 shares.

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

The stock of The Hershey Company (NYSE:HSY) hit a new 52-week low and has $86.62 target or 6.00 % below today’s $92.15 share price. The 8 months bearish chart indicates high risk for the $19.40B company. The 1-year low was reported on Apr, 24 by Barchart.com. If the $86.62 price target is reached, the company will be worth $1.16B 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 1.11% or $1.035 during the last trading session, reaching $92.145. About 668,115 shares traded. The Hershey Company (NYSE:HSY) has declined 9.67% since April 24, 2017 and is downtrending. It has underperformed by 21.22% the S&P500.

Analysts await The Hershey Company (NYSE:HSY) to report earnings on April, 26 before the open. They expect $1.41 earnings per share, up 7.63 % or $0.10 from last year’s $1.31 per share. HSY’s profit will be $296.78 million for 16.34 P/E if the $1.41 EPS becomes a reality. After $1.03 actual earnings per share reported by The Hershey Company for the previous quarter, Wall Street now forecasts 36.89 % EPS growth.

The Hershey Company (NYSE:HSY) Ratings Coverage

Among 15 analysts covering Hershey Co (NYSE:HSY), 2 have Buy rating, 3 Sell and 10 Hold. Therefore 13% are positive. Hershey Co had 23 analyst reports since October 25, 2017 according to SRatingsIntel. As per Tuesday, April 24, the company rating was maintained by JP Morgan. The stock of The Hershey Company (NYSE:HSY) earned “Hold” rating by RBC Capital Markets on Tuesday, April 24. The rating was downgraded by Goldman Sachs to “Sell” on Tuesday, January 16. The company was maintained on Thursday, February 1 by Stifel Nicolaus. The firm has “Neutral” rating given on Wednesday, February 14 by JP Morgan. On Monday, April 23 the stock rating was maintained by Susquehanna with “Hold”. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, December 21. Bernstein maintained The Hershey Company (NYSE:HSY) rating on Tuesday, December 19. Bernstein has “Buy” rating and $124.0 target. Citigroup maintained The Hershey Company (NYSE:HSY) rating on Friday, October 27. Citigroup has “Buy” rating and $130 target. The firm has “Underweight” rating by Morgan Stanley given on Wednesday, April 18.

The Hershey Company, together with its subsidiaries, makes and sells confectionery products. The company has market cap of $19.40 billion. The firm operates through two divisions, North America, and International and Other. It has a 25.18 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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