Shares of Hershey rose to $172.86 during today's morning trading session. Despite the 4.1% change, the Large-Cap Confectioners company still trades 8.35% above its average analyst target price of $159.53. So there may be further downside for the Confectioners stock. Hershey has target prices ranging from $120.0 to $211.34 per share, and its average rating is hold.
The stock has an average amount of shares sold short at 5.3%, and a short ratio of 3.69. The company's insiders own 0.6% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 86.7% of Hershey's shares being owned by this investor type.
Institutions Invested in Hershey
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-12-31 | Vanguard Group Inc | 13% | 19,162,677 | $3,312,460,357 |
| 2024-12-31 | Capital International Investors | 8% | 12,460,147 | $2,153,861,018 |
| 2024-12-31 | Blackrock Inc. | 8% | 12,021,764 | $2,078,082,132 |
| 2024-12-31 | State Street Corporation | 5% | 7,048,863 | $1,218,466,462 |
| 2024-12-31 | Charles Schwab Investment Management, Inc. | 3% | 4,635,390 | $801,273,518 |
| 2024-12-31 | Geode Capital Management, LLC | 3% | 3,801,145 | $657,065,927 |
| 2024-12-31 | JP Morgan Chase & Company | 2% | 2,901,506 | $501,554,328 |
| 2024-12-31 | Morgan Stanley | 2% | 2,570,863 | $444,399,379 |
| 2024-12-31 | Royal Bank of Canada | 1% | 2,196,021 | $379,604,191 |
| 2024-12-31 | Hershey Trust Company | 1% | 2,066,397 | $357,197,386 |
Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on Hershey.
