Steven Voskuil, the Senior Vice President and Chief Financial Officer of The Hershey Co (HSY, Financial), sold 1,000 shares of the company on October 21, 2024. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 31,228 shares of the company.
The Hershey Company, known for its leading role in the chocolate and confectionery market, also diversifies its portfolio with snacks and other related products. The company's commitment to growth is evident in its continuous innovation and strategic market positioning.
Over the past year, Steven Voskuil has sold a total of 18,000 shares of The Hershey Co 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 $185.47 on the day of the sale. The company's market cap is approximately $37.11 billion. The price-earnings ratio stands at 20.39, which is above the industry median of 18.175.
According to the GF Value, The Hershey Co is considered Modestly Undervalued with a GF Value of $214.65, suggesting potential for growth in the stock's value relative to its current trading price.
The GF Value is calculated based on historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and estimated future business outcomes.
This insider sale might draw investor attention as they evaluate the company's stock performance and future prospects in light of recent insider trading trends and overall market valuation.
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.
