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Analysts at Goldman Sachs Decreased Hershey Foods (NYSE:HSY) from Neutral to Sell Rating

Goldman Sachs Analyst Rating Change Hershey Foods NYSE:HSY

Hershey Foods (NYSE:HSY) Downgrade

Hershey Foods (NYSE:HSY) was lowered by stock analysts at Goldman Sachs from Neutral rating to Sell rating in analysts report shared with investors on 16 January.

This stock rating downgrade was noticed by stock speculators, as NYSE:HSY is at the moment trading -2.87% lower at $110.51 as of 8:12 AM New York time. Hershey Foods shares have [From2] 0% in the last 200 days, while the S&P500 Index has surged 6.00% in the same time.

According to data compiled by Thomson Reuters, Hershey Foods (NYSE:HSY)’s stock is covered by 14 equity analysts across the Street, with 2 analysts giving it a Sell rating, 4 a Buy rating, while 12 consider it a Hold. The 12-month consensus target price for the stock is $90.14, which reflects an downside potential of 18.43% over the current price.

Institutional Ownership

Hershey Trust Co had the largest stake with ownership of 12.70 million shares as of Q2 2015 for 17.31% of the fund’s portfolio. Symons Capital Management Inc is another bullish investment professional who is possessing 161,492 shares of Hershey Foods or 3.78% of their fund’s portfolio. Moreover, Lawson Kroeker Investment Management Inc Ne have 3.2% of their fund’s portfolio invested in the company for 103,757 shares. The Alabama-based fund Birmingham Capital Management Co Inc Al revealed it had purchased a stake worth about 2.61% of the investment professional’s stock portfolio in Hershey Foods. The Ohio-based fund Macnealy Hoover Investment Management Inc is also positive about the stock, possessing 52,145 shares or 2.46% of their fund’s portfolio.

Hershey Foods (NYSE:HSY) Profile

Hershey CoThe Hershey Company is a producer of chocolate in North America. The Company’s principal product offerings include chocolate and non-chocolate confectionery products; gum and mint refreshment products; pantry items, such as baking ingredients and beverages, and snack items, such as spreads, meat snacks, bars and snack bites and mixes. Its segments include North America, and International and Other.

Hershey Foods (NYSE:HSY) traded down -2.87% on 16 January, hitting $110.51. A total of 589,884 shares of the company’s stock traded hands. This is down from average of 824,570 shares. Hershey Foods has a 52 week low of $101.61 and a 52 week high of $116.49. The company has a market cap of $23.28 billion and a P/E ratio of 32.91.

Get the latest Hershey Foods (NYSE:HSY) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Analysts at Goldman Sachs Decreased Hershey Foods (NYSE:HSY) from Neutral to Sell Rating appeared first on Octafinance.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Analysts at Goldman Sachs Decreased Hershey Foods (NYSE:HSY) from Neutral to Sell Rating

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