On August 19, 2024, Steven Voskuil, Senior Vice President and Chief Financial Officer of The Hershey Co (NYSE:HSY), sold 1,000 shares of the company’s stock. The transaction was carried out at a price of $193.87 per share, as detailed in the SEC filing. Following this sale, the insider now owns 33,228 shares of The Hershey Co.
Known for its confectionery, Hershey Co. is a major player in the chocolate and sugar confectionery market. The company’s portfolio includes well-known brands such as Hershey’s, Reese’s and Kit Kat, among others.
Over the past year, the insider has sold a total of 19,000 shares and made no purchases. This latest transaction is part of a broader trend seen within the company. Over the past year, there were 20 insider sales and no insider purchases.
The Hershey Co’s shares were trading at $193.87 on the day of the sale, giving the company a market capitalization of around $40.03 billion. The company’s price-to-earnings ratio is 21.99, which is higher than the industry average of 17.96.
According to GF Value, the intrinsic value of The Hershey Co stock is estimated at $227.05, suggesting that the stock is slightly undervalued with a Price to GF Value ratio of 0.85.
The GF value is calculated by taking into account historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow, along with a GuruFocus adjustment factor based on past earnings and growth as well as Morningstar analysts’ views on future business performance.
This insider sale may be of interest to current and prospective investors as it provides insight into insider confidence and perception of stock valuation at The Hershey Co.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
