The Hershey Company (HSY)
| Market Cap | 38.14B |
| Revenue (ttm) | 11.16B |
| Net Income (ttm) | 1.91B |
| Shares Out | 204.59M |
| EPS (ttm) | 9.27 |
| PE Ratio | 20.11 |
| Forward PE | 18.63 |
| Dividend | $4.77 (2.56%) |
| Ex-Dividend Date | Nov 16, 2023 |
| Volume | 1,254,358 |
| Open | 184.07 |
| Previous Close | 184.11 |
| Day's Range | 183.79 - 186.77 |
| 52-Week Range | 178.82 - 276.88 |
| Beta | 0.33 |
| Analysts | Hold |
| Price Target | 234.81 (+25.94%) |
| Earnings Date | Feb 1, 2024 |
About HSY
The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising s... [Read more]
Financial Performance
In 2022, HSY's revenue was $10.42 billion, an increase of 16.14% compared to the previous year's $8.97 billion. Earnings were $1.64 billion, an increase of 11.32%.
Financial StatementsAnalyst Forecast
According to 18 analysts, the average rating for HSY stock is "Hold." The 12-month stock price forecast is $234.81, which is an increase of 25.94% from the latest price.
News
Florida woman sues Hershey for $5M over ‘misleading' Reese's packaging that ‘trick' customers
Cynthia Kelly, of Tampa, is suing The Hershey Company for $5 million for "tricking" customers with "misleading" packaging on Reese's that shows eyes and nose cutouts not seen on the actual candy.
Choc horror: Hershey hit with $5m lawsuit over 'misleading' Halloween sweets
Chocolate giant Hershey is being sued by a disgruntled customer who said its Halloween-themed peanut butter treats didn't match the packaging.
Hershey is sued over lack of artistic detail on Reese's candies
Hershey has been sued by a Florida woman who said its holiday-themed Reese's peanut butter candies lack the artistic details shown on the packaging that make them worth buying.
4 beaten-down consumer giants analysts say have upside
As the overall market edges closer to its all-time high, with the SPDR S&P 500 ETF Trust NYSE: SPY about 2% away from making a new all-time high, now might be the perfect time to start looking into be...
Weight loss drugs' impact on food stocks so far
Yahoo Finance selected pharmaceutical firm Novo Nordisk (NVO) as it's 2023 Company of the Year. Developer of obesity medications Wegovy and Ozempic, Novo Nordisk stock has gained over 40% year-to-date...
What Charlie Munger and Grandma Ruth taught this money manager. His portfolio is up 50% this year.
At the start of 2023 and following a tough year, Christopher Tsai, president and chief investment officer of Tsai Capital, didn't think technology would generate a 50% return for his $110 million port...
Golden West Food Group Introduces HERSHEY'S Chocolate Covered Frozen Fruit Treats
LOS ANGELES--(BUSINESS WIRE)--Golden West Food Group announces the launch of its newest creation – HERSHEY'S Frozen Fruit – in a licensing partnership with The Hershey Company.
Candy Comeback: Hershey's Sweet Surge Of 7% Sparks Investor Enthusiasm — Is This The Long-Awaited Reversal After A Bitter 33% Decline? - Hershey (NYSE:HSY)
Hershey Co HSY stock price took a sharp tumble of 33% from May to October 2023, dropping from $276 to $183. However, the company is now showing promising signs of a strong comeback.
Who's afraid of Ozempic? From restaurants to package makers, companies work to calm investors' GLP-1 jitters.
That's the message from many corporate executives who have lately been peppered with questions about how Wegovy, Ozempic and other drugs widely used for weight loss may impact their bottom line.
Babylon Capital® Quality & Valuation Analysis On Hershey | Savor The Dividends & Indulge In Value - Hershey (NYSE:HSY)
Following a peak valuation at 28x Earnings, The Hershey Company's HSY stock has declined 31% over the past six months. I believe that HSY is currently undervalued, potentially offering investors appea...
Employees At The Hershey Company Help To Support Its Biggest Day, Halloween
The Hershey Company is gearing up for Halloween, its busiest time of the year, and it enlists home office employees to support retail stores.
Hershey CEO talks weight loss drug concerns in earnings call
Chocolate and candy company Hershey (HSY) whipped up a third-quarter earnings beat on its top and bottom lines, yet the stock is sliding Thursday afternoon. Could new weight loss drugs be the reason b...
Hershey tops quarterly estimates boosted by higher candy prices
Hershey announced quarterly sales and profit on Thursday, riding on benefits from higher prices of its chocolates and candies at a time when demand has slowed.
Hershey Sees ‘Key Retailer' Pulling Back Amid Digital Transformation
As grocers increasingly shift their focus to their digital and omnichannel businesses, Hershey is seeing one of its key business customers pull back as it prioritizes eCommerce. In prepared remarks sh...
Hershey's stock rallies after profit and sales beat expectations, boosted by higher prices and salty snacks strength
Shares of Hershey Co. HSY, +2.20% rallied 2.3% in premarket trading Thursday after the chocolate and salty snacks company beat profit and revenue expectations, helped primarily by higher prices. Net i...
Hershey Declares Quarterly Dividends
HERSHEY, Pa. , Oct. 26, 2023 /PRNewswire/ -- The Board of Directors of The Hershey Company (NYSE: HSY) today announced quarterly dividends of $1.192 on the Common Stock and $1.083 on the Class B Commo...
Hershey Reports Third-Quarter 2023 Financial Results; Reaffirms 2023 Net Sales and Earnings Outlook
HERSHEY, Pa. , Oct. 26, 2023 /PRNewswire/ -- The Hershey Company (NYSE: HSY) today announced net sales and earnings for the third quarter ended October 1, 2023, and reaffirmed its 2023 net sales and e...
Consumer Reports finds ‘concerning' lead levels in chocolate — calls on Hershey
Products found to contain excessive metal content included a dark chocolate bar and hot chocolate mix from Walmart and semi-sweet chocolate chips from Target.
Consumer Reports finds more lead, cadmium in chocolate, urges change at Hershey
Consumer Reports on Wednesday said it has found "concerning" levels of lead and cadmium in a new array of chocolate products, and renewed its call for Hershey to reduce the amounts of heavy metals its...
Top 4 Defensive Stocks Which Could Rescue Your Portfolio This Month - Coffee Holding Co (NASDAQ:JVA), Hershey (NYSE:HSY)
The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies.
Pricing power seems to be more important for food stocks than GLP-1 drugs, says Evercore's Palmer
David Palmer, restaurant and packaged food analyst at Evercore ISI, joins 'Squawk on the Street' to discuss whether clients are asking about the impact of GLP-1 drugs, which company stocks have been w...
Here's why Stephens' Jim Salera likes Hershey and Campbell Soup
Jim Salera, Stephens analyst, joins 'Squawk on the Street' to discuss whether Hershey and Campbell Soup can do well despite the growth in GLP-1 drugs, how rising rates impact the consumer staples stoc...
What exactly are patients taking new weight-loss drugs eating and what are they avoiding? Bernstein asked them.
Bernstein analysts set out to determine that, analyzing online data to better understand changes in eating habits — and to evaluate which food companies may be most affected. They published the result...
Hershey Plummets Below $200, Marking Its Steepest Decline In Nearly Two Years Amid Market Uncertainty - Hershey (NYSE:HSY)
Hershey Co.'s HSY stock price has spiraled downward, plunging below the crucial $200 level.