Insider Sell: SVP, CFO Steven Voskuil Sold 1,500 Shares of The Hershey Co (HSY)
Steven Voskuil, the Senior Vice President and Chief Financial Officer of The Hershey Co, sold 1,500 shares of the company on January 23, 2024, according to a recent SEC Filing. The transaction was executed at a price of $188.97 per share, resulting in a total sale amount of $283,455.
The Hershey Company, headquartered in Hershey, Pennsylvania, is a global confectionery leader known for bringing goodness to the world through its chocolate, sweets, mints, and other great-tasting snacks. Hershey's has a portfolio of more than 80 brands around the world that drive more than $7.4 billion in annual revenues, including such iconic brand names as Hershey's, Reese's, Hershey's Kisses, Jolly Rancher, Ice Breakers, and Brookside.
Over the past year, the insider has sold a total of 9,000 shares of The Hershey Co and has not made any purchases of the stock. The company's insider transaction history over the past year indicates a total of 39 insider sells and no insider buys.
On the day of the insider's recent sale, shares of The Hershey Co were trading at $188.97, giving the company a market capitalization of $38.713 billion. The price-earnings ratio of the stock stood at 20.42, which is above the industry median of 18.77 but below the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio was 0.75, with a GF Value of $251.30, suggesting that The Hershey Co was modestly undervalued based on its GF Value. The GF Value is an intrinsic value estimate that takes into account historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The insider's recent sale could be of interest to investors tracking insider behavior as a signal for their investment decisions. However, it is important to consider the broader context of the company's performance, valuation, and market conditions when interpreting insider transactions.
Investors and analysts often monitor insider sales to gain insights into a company's internal perspective. While a single insider sale may not be indicative of the company's future performance, a pattern of insider selling could warrant further investigation.
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.
This article first appeared on GuruFocus.
