Hershey (NYSE:HSY) Price Target Lowered to $148.00 at Deutsche Bank Aktiengesellschaft

Hershey (NYSE:HSY) had its price target dropped by Deutsche Bank Aktiengesellschaft from $184.00 to $148.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential downside of 2.10% from the company’s current price.

HSY has been the subject of several other reports. TD Cowen cut their price objective on shares of Hershey from $190.00 to $172.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada restated a “sector perform” rating and set a $183.00 price target on shares of Hershey in a report on Tuesday, December 10th. Redburn Atlantic started coverage on Hershey in a report on Tuesday, October 22nd. They issued a “sell” rating and a $165.00 price objective on the stock. Jefferies Financial Group cut their target price on Hershey from $150.00 to $134.00 and set an “underperform” rating for the company in a research note on Tuesday. Finally, Stifel Nicolaus decreased their price target on Hershey from $195.00 to $180.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Six investment analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $172.32.

Hershey Stock Performance

NYSE HSY opened at $151.18 on Thursday. Hershey has a fifty-two week low of $150.31 and a fifty-two week high of $211.92. The firm has a market capitalization of $30.59 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 4.30 and a beta of 0.38. The stock’s fifty day moving average is $170.12 and its two-hundred day moving average is $183.73. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.54 and a current ratio of 0.85.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. AE Wealth Management LLC raised its position in Hershey by 5.6% in the 2nd quarter. AE Wealth Management LLC now owns 3,782 shares of the company’s stock valued at $695,000 after purchasing an additional 200 shares in the last quarter. Sei Investments Co. increased its stake in shares of Hershey by 48.3% during the second quarter. Sei Investments Co. now owns 80,858 shares of the company’s stock worth $14,864,000 after buying an additional 26,318 shares during the period. ProShare Advisors LLC raised its holdings in Hershey by 11.2% in the second quarter. ProShare Advisors LLC now owns 27,204 shares of the company’s stock valued at $5,001,000 after acquiring an additional 2,742 shares in the last quarter. Gabelli Funds LLC purchased a new position in Hershey in the second quarter worth approximately $460,000. Finally, Public Sector Pension Investment Board grew its holdings in Hershey by 64.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 5,470 shares of the company’s stock worth $1,006,000 after acquiring an additional 2,140 shares in the last quarter. 57.96% of the stock is currently owned by hedge funds and other 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.