After Hours
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Hershey Company (HSY) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $1.06, or 0.54%, to $198.90. The Hershey Company has recorded 45,310 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Reese’s Perfects Perfection with the First-Ever Reese’s Caramel Big Cup.
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Stocks Info
Hershey Company is listed on the NYSE in the Consumer Defensive sector while operating in the Confectioners industry. At the end of the last regular session, the stock closed at $197.84 and fluctuated between $198.31 as its day high and $195.25 as its day low. The current market capitalization of Hershey Company is $40.46B. A total of 1.61 million shares were traded on the day, compared to an average of 1.42M shares.
Insider Activity
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, HSY has seen 13 BUY and 2 SELL insider trades, representing the acquisition of 2,398 and the disposition of 3,000 shares. Over the last 12 months, there were 81 BUYs and 181 SELLs from insiders. Insiders purchased 3,689,096 shares during that period but sold 1,633,024.
In the most recent transaction, Voskuil Steven E sold 1,500 shares of HSY for 190.55 per share on Oct 23. After the transaction, the SVP, Chief Financial Officer now owns 34,316 company shares. In a previous transaction on Oct 09, Arway Pamela M sold 182 shares at 194.56 per share. HSY shares that Director owns now total 15,562.
Among the insiders who sold shares, Voskuil Steven E disposed of 1,500 shares on Sep 25 at a per-share price of $207.00. This resulted in the SVP, Chief Financial Officer holding 35,816 shares of HSY after the transaction. In another insider transaction, Voskuil Steven E sold 1,500 shares at $214.36 per share on Aug 23. Company shares held by the SVP, Chief Financial Officer now total 37,316.
Dividend
The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Hershey Company pays an annual dividend of $4.43, resulting in a dividend yield of 2.24%, and it has a price to earnings (P/E) ratio of 21.32. HSY’s most recent ex-dividend date was 11/16/2023 when it declared a $1.1920 quarterly dividend that was paid in cash on 12/15/2023. Previously, the company paid the dividend on 9/15/2023 with an ex-dividend date of 8/17/2023. The HSY stock dividend was $1.1920 per share in cash.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for HSY in the last 3 months, the mean price target is $219.20 with high estimates of $250.00 and low estimates of $180.00. In terms of 52-week highs and lows, HSY has a high of $276.88 and a low of $183.74.
As of this writing, HSY has an earnings estimate of $1.97 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $2.06 per share and a lower estimate of $1.91. The company reported an EPS of $2.01 in the last quarter, which was 5.20% higher than expectations of $1.91.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. HSY’s latest balance sheet shows that the firm has $329.27M in Cash & Short Term Investments as of fiscal 2021. There were $5.03B in debt and $2.49B in liabilities at the time. Its Book Value Per Share was $19.40, while its Total Shareholder’s Equity was $2.76B.
Analysts Opinion
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HSY is Buy with a score of 3.89.
