The Hershey Company (HSY) Forms Double Bottom Pattern; Strong Momentum for Sellers

April 17, 2018 - By Paula Hilliard

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.
Cleararc Capital owns 0.06% invested in The Hershey Company (NYSE:HSY) for 3,576 shares. First Long Island Investors Ltd Com has 114,067 shares for 1.76% of their portfolio. Leavell Invest Management owns 8,956 shares. Bancshares Of Ny Mellon reported 0.04% stake. Webster Fincl Bank N A reported 0% in The Hershey Company (NYSE:HSY). Nuveen Asset Management Limited accumulated 3,244 shares or 0% of the stock. 223 are held by Riggs Asset Managment. Adage Partners Group Inc Ltd Llc stated it has 0.05% in The Hershey Company (NYSE:HSY). Principal Group, Iowa-based fund reported 224,503 shares. Bb&T holds 0.02% or 11,590 shares in its portfolio. Winslow Evans Crocker Inc holds 846 shares. Blair William & Il owns 25,604 shares or 0.02% of their US portfolio. State Of Tennessee Treasury Department stated it has 72,444 shares or 0.04% of all its holdings. Manufacturers Life Insur The has 0.02% invested in The Hershey Company (NYSE:HSY) for 151,443 shares. Gabelli Funds Lc owns 5,500 shares.

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

The chart of The Hershey Company (HSY) shows a double bottom with $92.53 target or 4.00 % below today’s $96.39 share price. The 6 months chart pattern indicates high risk for the $20.29B company. It was reported on Apr, 17 by Finviz.com. If the $92.53 price target is reached, the company will be worth $811.56 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.42% or $0.41 during the last trading session, reaching $96.39. About 283,897 shares traded. The Hershey Company (NYSE:HSY) has declined 9.67% since April 17, 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, 25. They expect $1.42 EPS, up 8.40 % or $0.11 from last year’s $1.31 per share. HSY’s profit will be $298.89 million for 16.97 P/E if the $1.42 EPS becomes a reality. After $1.03 actual EPS reported by The Hershey Company for the previous quarter, Wall Street now forecasts 37.86 % EPS growth.

The Hershey Company (NYSE:HSY) Ratings Coverage

Among 14 analysts covering Hershey Co (NYSE:HSY), 2 have Buy rating, 3 Sell and 9 Hold. Therefore 14% are positive. Hershey Co has $130 highest and $9000 lowest target. $105.50’s average target is 9.45% above currents $96.39 stock price. Hershey Co had 19 analyst reports since October 25, 2017 according to SRatingsIntel. Credit Suisse downgraded The Hershey Company (NYSE:HSY) rating on Friday, February 2. Credit Suisse has “Hold” rating and $115.0 target. The rating was upgraded by Berenberg to “Hold” on Monday, December 18. The firm has “Sell” rating given on Tuesday, January 16 by Goldman Sachs. The stock of The Hershey Company (NYSE:HSY) has “Buy” rating given on Tuesday, December 19 by Bernstein. UBS maintained it with “Neutral” rating and $106 target in Friday, October 27 report. The firm has “Hold” rating given on Friday, October 27 by BMO Capital Markets. Morgan Stanley downgraded the shares of HSY in report on Wednesday, January 10 to “Underweight” rating. The company was maintained on Friday, February 2 by Barclays Capital. As per Wednesday, October 25, the company rating was maintained by RBC Capital Markets. The firm has “Hold” rating by Credit Suisse given on Monday, April 16.

The Hershey Company (NYSE:HSY) Institutional Positions Chart

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