Investors’ Patience Is Being Tested Right Now By Hershey Company (NYSE: HSY)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

Hershey Company is listed on the NYSE as a member of the Consumer Defensive sector and is a part of the Confectioners industry. The current market capitalization of Hershey Company is $39.23B. A total of 1.71 million shares were traded on the day, compared to an average of 1.71M shares.

In the most recent transaction, Voskuil Steven E sold 1,500 shares of HSY for 190.83 per share on Jul 23 ’24. After the transaction, the SVP, Chief Financial Officer now owns 34,228 company shares. In a previous transaction on Jun 24 ’24, Voskuil Steven E sold 1,500 shares at 182.93 per share. HSY shares that SVP, Chief Financial Officer owns now total 35,728.

Among the insiders who sold shares, Voskuil Steven E disposed of 1,500 shares on May 23 ’24 at a per-share price of $204.54. This resulted in the SVP, Chief Financial Officer holding 37,228 shares of HSY after the transaction. In another insider transaction, Raup Charles R sold 2,065 shares at $207.00 per share on May 20 ’24. Company shares held by the President, U.S. Confection now total 24,310.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Hershey Company pays an annual dividend of $5.12, resulting in a dividend yield of 2.64%, and it has a price to earnings (P/E) ratio of 19.21. HSY’s most recent ex-dividend date was 5/16/2024 when it declared a $1.37 quarterly dividend that was paid in cash on 6/14/2024. Previously, the company paid the dividend on 3/15/2024 with an ex-dividend date of 2/16/2024. The HSY stock dividend was $1.37 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, HSY has a high of $235.80 and a low of $178.82.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s 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 $5.38B in debt and $2.49B in liabilities at the time. Its Book Value Per Share was $20.32, while its Total Shareholder’s Equity was $2.76B.

Analysts Opinion

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. 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 3.48.

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