On November 4, 2024, Jennifer Mccalman, Vice President and Chief Accounting Officer of The Hershey Co (HSY, Financial), sold 278 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 2,960 shares of The Hershey Co.
The Hershey Co, known for its confectionery products, 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, Jennifer Mccalman has sold a total of 1,269 shares and has not purchased any shares. This recent transaction is part of a broader trend observed within the company, where there have been 24 insider sells and no insider buys over the past year.
Shares of The Hershey Co were trading at $179.28 on the day of the sale. The company has a market cap of approximately $36.43 billion. The price-earnings ratio of the company stands at 20.01, which is above the industry median of 18.09.
According to the GF Value, The Hershey Co is considered Modestly Undervalued with a GF Value of $211.80, suggesting potential for price appreciation based on historical trading multiples, adjusted factors for past returns and growth, and future business performance estimates.
This insider sale might interest investors tracking insider behaviors as an indicator of confidence levels in the company's future prospects. The consistent insider selling over the past year, coupled with the stock's current valuation metrics, could provide insights into the company's perceived market position and future performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
