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Royal Bank of Canada cut Hershey shares, but the company beat earnings estimates, maintaining a "Hold" rating.
Royal Bank of Canada reduced its holdings in The Hershey Company by 1.0% in the fourth quarter, selling 22,750 shares.
Meanwhile, Nissay Asset Management Corp increased its stake by buying 156 shares, and Silvercrest Asset Management Group LLC sold 24,659 shares.
Despite the mixed investor sentiment, Hershey's recent earnings report showed a strong performance with EPS of $2.09, beating estimates.
The company's stock has a consensus rating of "Hold" and an average price target of $161.40.
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Royal Bank of Canada recortó las acciones de Hershey, pero la compañía superó las estimaciones de ganancias, manteniendo una calificación de "Hold".