Hershey Co (HSY) To Go Ex-Dividend on November 20th

Hershey Co (NYSE:HSY) announced a quarterly dividend on Thursday, October 25th, RTT News reports. Shareholders of record on Wednesday, November 21st will be paid a dividend of 0.722 per share on Friday, December 14th. This represents a $2.89 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Tuesday, November 20th.

Hershey has increased its dividend by an average of 7.7% per year over the last three years and has increased its dividend every year for the last 8 years. Hershey has a payout ratio of 53.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hershey to earn $5.66 per share next year, which means the company should continue to be able to cover its $2.89 annual dividend with an expected future payout ratio of 51.1%.

Shares of NYSE:HSY opened at $109.15 on Monday. The company has a current ratio of 1.01, a quick ratio of 0.69 and a debt-to-equity ratio of 2.60. Hershey has a one year low of $89.10 and a one year high of $115.82. The stock has a market cap of $22.89 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 2.39 and a beta of 0.17.

Hershey (NYSE:HSY) last released its quarterly earnings data on Thursday, October 25th. The company reported $1.55 earnings per share for the quarter, hitting the consensus estimate of $1.55. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.08 billion. Hershey had a net margin of 13.20% and a return on equity of 102.30%. As a group, equities analysts forecast that Hershey will post 5.37 EPS for the current fiscal year.

HSY has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Hershey from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a research note on Monday, October 8th. Piper Jaffray Companies boosted their price objective on shares of Hershey from $97.00 to $100.00 and gave the stock a “hold” rating in a research note on Friday, July 27th. Stifel Nicolaus boosted their price objective on shares of Hershey from $90.00 to $95.00 and gave the stock a “hold” rating in a research note on Friday, July 27th. ValuEngine upgraded shares of Hershey from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Finally, Deutsche Bank set a $110.00 price objective on shares of Hershey and gave the stock a “hold” rating in a research note on Friday, September 14th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. Hershey has a consensus rating of “Hold” and an average target price of $103.81.

In other Hershey news, insider Michele Buck sold 1,500 shares of the stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $102.82, for a total transaction of $154,230.00. Following the transaction, the insider now owns 172,394 shares in the company, valued at approximately $17,725,551.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Todd W. Tillemans bought 2,000 shares of the firm’s stock in a transaction on Tuesday, November 6th. The shares were acquired at an average price of $107.32 per share, for a total transaction of $214,640.00. Following the transaction, the insider now owns 10,878 shares in the company, valued at $1,167,426.96. The disclosure for this purchase can be found here. In the last quarter, insiders sold 89,381 shares of company stock worth $9,417,764. 0.87% of the stock is owned by company insiders.

Hershey Company Profile

The Hershey Company, together with its subsidiaries, manufactures and sells confectionery products. The company operates through two segments, North America; and International and Other. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products comprising mints, 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, mixes, popcorn and protein bars, and cookies.

"

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.