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.

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