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RBC Capital Keeps Their Buy Rating on The Hershey Company (HSY)

RBC Capital analyst Nik Modi maintained a Buy rating on The Hershey Company (HSYResearch Report) on February 3 and set a price target of $255.00. The company’s shares closed yesterday at $240.53.

According to TipRanks, Modi is a 5-star analyst with an average return of 10.1% and a 66.47% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as Constellation Brands, Mondelez International, and Coty.

In addition to RBC Capital, The Hershey Company also received a Buy from Bank of America Securities’s Bryan Spillane in a report issued on February 3. However, on the same day, Evercore ISI maintained a Hold rating on The Hershey Company (NYSE: HSY).

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Based on The Hershey Company’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.65 billion and a net profit of $396.3 million. In comparison, last year the company earned a revenue of $2.33 billion and had a net profit of $335.56 million

Based on the recent corporate insider activity of 146 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HSY in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Pennsylvania-based The Hershey Co. is one of the largest chocolate manufacturers in the world. The company manufactures and markets chocolate and sugar confectionery products such as cookies, cakes, milkshakes, drinks, and many more that are produced globally. Its brands include Hershey’s, Reese’s, and Kisses. The company operates through two geographical segments: North America and International and Other.

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