Hershey Company (The) (NYSE:HSY) has climbed 0.74% in the past week and advanced 6.98% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.95% and the outperformance has advanced to 6.01% for the last 4 weeks period.
Hershey Company (The) (NYSE:HSY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $96.63 and $95.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $97.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $97.11, notching a gain of 0.34% for the day. The total traded volume was 2,133,291 . The stock had closed at $96.78 on the previous day.
The company shares have rallied 8.82% from its 1 Year high price. On Oct 9, 2015, the shares registered one year high at $97.40 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $93.11 and the 200 Day Moving Average price is recorded at $90.48.
On the companys insider trading activities, Wege D Michael, officer (SVP, GS, India, ME, Comm & CSR) of Hershey Co, unloaded 1,100 shares at an average price of $96.54 on June 15, 2016. The total amount of the transaction was worth $106,194, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Bank of America downgrades its ratings on Hershey Company (The) (NYSE:HSY). According to the latest information available, the shares are now rated Underperform by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on April 20, 2016. Currently the company Insiders own 0.68% of Hershey Company (The) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.72% . Institutional Investors own 56.34% of Hershey Company (The) shares. During last six month period, the net percent change held by insiders has seen a change of 3%.
The Hershey Company (Hershey) is a provider of chocolate and sugar confectionery. The Companys principal confectionery offerings include chocolate and sugar confectionery products; pantry items, such as baking ingredients, toppings and beverages; snack items, such as spreads, and gum and mint refreshment products. The Company operates through two segments: North America and International and Other. The North America segment is responsible for its chocolate and sugar confectionery business in the United States and Canada. The International and Other segment includes all other countries where the Company manufactures, imports, markets, sells or distributes chocolate, sugar confectionery and other products. This includes operations in Asia, Latin America, Europe, Africa and the Middle East, along with exports to these regions. This segment also includes its global retail operations, including Hersheys Chocolate World stores.