On September 19, 2024, Steven Voskuil, the Senior Vice President and Chief Financial Officer of The Hershey Co (HSY, Financial), sold 1,000 shares of the company at a price of $197.54 per share. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 32,228 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 manufactures and sells a wide variety of chocolates, sweets, mints, and other snacks.
Over the past year, Steven Voskuil has engaged in multiple transactions involving the company's stock, selling a total of 18,500 shares and purchasing none. This latest sale is part of a broader trend observed within the company, where there have been 25 insider sells and no insider buys over the past year.
On the valuation front, The Hershey Co's shares were trading at $197.54 on the day of the sale, giving the company a market cap of approximately $39.53 billion. The price-earnings ratio of the company stands at 21.71, which is above the industry median of 17.75. According to the GF Value, which is a measure of intrinsic value, The Hershey Co is currently modestly undervalued with a price-to-GF-Value ratio of 0.89.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and stock valuation adjustments.
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.
