On August 12, 2024, Jennifer Mccalman, Vice President and Chief Accounting Officer of The Hershey Co (NYSE:HSY), sold 538 shares of the company. Following this transaction, the insider now owns 3,238 shares of The Hershey Co. The sale was documented in a recent SEC filing.
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, Jennifer McCalman has been involved in several transactions involving company stock. The insider has sold a total of 991 shares and purchased none. This recent sale is part of a broader trend seen at The Hershey Co, where there have been 18 insider sales and no insider purchases over the past year.
On the day of the sale, The Hershey Co’s share price was $199.17. This valuation puts the company’s market capitalization at around $40.35 billion. The company’s price-to-earnings ratio is 22.16, which is higher than the industry average of 17.945.
According to GF Value, an estimate of intrinsic value used by GuruFocus, The Hershey Co is currently slightly undervalued with a price-to-GF Value ratio of 0.87. GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus and estimates of future business performance provided by Morningstar analysts.
This insider sale may be of interest to investors who follow insider behavior as an indicator of company performance and valuation prospects.
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.
