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NYSE:HSY

Hershey (HSY) Stock Price, News & Analysis

$197.47
-0.44 (-0.22%)
(As of 08/21/2024 ET)
Today's Range
$196.67
$199.71
50-Day Range
$181.97
$202.10
52-Week Range
$178.82
$219.92
Volume
858,616 shs
Average Volume
1.83 million shs
Market Capitalization
$39.93 billion
P/E Ratio
19.57
Dividend Yield
2.78%
Price Target
$203.47

Hershey MarketRank™ Stock Analysis

Analyst Rating
Hold
2.05 Rating Score
Upside/​Downside
3.0% Upside
$203.47 Price Target
Short Interest
Healthy
2.75% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.32
Upright™ Environmental Score
News Sentiment
0.52mentions of Hershey in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$974,603 Sold Last Quarter
Proj. Earnings Growth
-1.77%
From $9.59 to $9.42 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.81 out of 5 stars

Consumer Staples Sector

51st out of 132 stocks

Sugar & Confectionery Products Industry

1st out of 3 stocks

HSY stock logo

About Hershey Stock (NYSE: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; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels. The company provides its products primarily under the Hershey's, Reese's, Kisses, Jolly Rancher, Almond Joy, Brookside, barkTHINS, Cadbury, Good & Plenty, Heath, Kit Kat, Payday, Rolo, Twizzlers, Whoppers, York, Ice Breakers, Breath Savers, Bubble Yum, Lily's, SkinnyPop, Pirates Booty, Dot's Homestyle Pretzels, and ONE Bar brands, as well as under the Pelon Pelo Rico, IO-IO, and Sofit brands. It markets and sells its products to wholesale distributors, chain grocery stores, mass merchandisers, chain drug stores, vending companies, wholesale clubs, convenience stores, dollar stores, concessionaires, and department stores. The company exports its products in approximately 80 countries worldwide. The Hershey Company was founded in 1894 and is headquartered in Hershey, Pennsylvania.

HSY Stock Price History

HSY Stock News Headlines

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Obama’s final twist in Appalachia
Unemployment is sky-high, wages are at record lows. Addiction has overwhelmed these once thriving coal towns. Hopelessness abounds. And looking in, the future here looks bleak for these forgotten souls. But in a strange twist of fate, something miraculous is taking place…
Why Hershey's Current Struggles Are Sweet
Headwinds Are Piling Against Hershey
HSY Aug 2024 197.500 call
HSY Jan 2025 125.000 put
Argus Research Downgrades Hershey (WBAG:HSY)
See More Headlines
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Company Calendar

Ex-Dividend for 6/14 Dividend
5/16/2024
Dividend Payable
6/14/2024
Last Earnings
8/01/2024
Ex-Dividend for 9/16 Dividend
8/16/2024
Today
8/22/2024
Dividend Payable
9/16/2024
Next Earnings (Estimated)
10/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Sugar & confectionery products
Sub-Industry
Packaged Foods & Meats
CUSIP
42786610
Employees
20,505
Year Founded
1894

Price Target and Rating

Average Stock Price Target
$203.47
High Stock Price Target
$248.00
Low Stock Price Target
$179.00
Potential Upside/Downside
+3.0%
Consensus Rating
Hold
Rating Score (0-4)
2.05
Research Coverage
20 Analysts

Profitability

Net Income
$1.86 billion
Pretax Margin
20.02%

Debt

Sales & Book Value

Annual Sales
$11.01 billion
Cash Flow
$11.57 per share
Book Value
$19.83 per share

Miscellaneous

Free Float
201,541,000
Market Cap
$39.93 billion
Optionable
Optionable
Beta
0.36

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Should I Buy Hershey Stock? HSY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in The Hershey Company:

  • The Hershey Company has a strong track record of consistent dividend payments, offering investors a reliable income stream. As of the latest dividend announcement, the company has a dividend yield of 2.75%.
  • Despite missing analysts' consensus estimates in the recent quarterly earnings report, Hershey's net margin of 18.13% and return on equity of 50.15% demonstrate strong financial performance.
  • With a market capitalization of $40.24 billion, Hershey is a well-established company in the confectionery industry, providing stability and potential for long-term growth.
  • The stock's current P/E ratio of 19.72 indicates that Hershey may be undervalued compared to its earnings potential, presenting a potential buying opportunity for investors.
  • Analyst consensus ratings suggest a neutral outlook on Hershey, with a majority of analysts maintaining hold ratings, indicating a balanced sentiment towards the stock.

Cons

Investors should be bearish about investing in The Hershey Company for these reasons:

  • Hershey's recent quarterly revenue decline of 16.7% compared to the same period last year raises concerns about the company's ability to sustain growth in a competitive market environment.
  • The stock's 52-week high of $233.21 and 52-week low of $178.82 indicate potential volatility in the stock price, which may pose risks for short-term investors.
  • Despite a strong dividend payout ratio of 54.31%, Hershey's payout ratio suggests that a significant portion of earnings is distributed as dividends, potentially limiting reinvestment for future growth initiatives.
  • Recent analyst price target adjustments, including downward revisions, reflect uncertainties in the market regarding Hershey's future performance, signaling potential challenges ahead for the stock.
  • Hershey's debt-to-equity ratio of 0.92 may indicate a moderate level of financial leverage, which could increase the company's risk exposure in times of economic downturns or rising interest rates.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, August 11, 2024. Please send any questions or comments about these Hershey pros and cons to contact@marketbeat.com.

HSY Stock Analysis - Frequently Asked Questions

How have HSY shares performed this year?

Hershey's stock was trading at $186.44 at the start of the year. Since then, HSY shares have increased by 5.9% and is now trading at $197.47.
View the best growth stocks for 2024 here
.

How were Hershey's earnings last quarter?

The Hershey Company (NYSE:HSY) announced its quarterly earnings results on Thursday, August, 1st. The company reported $1.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.44 by $0.17. The firm's revenue for the quarter was down 16.7% on a year-over-year basis.
Read the conference call transcript
.

What is Michele Buck's approval rating as Hershey's CEO?

208 employees have rated Hershey Chief Executive Officer Michele Buck on Glassdoor.com. Michele Buck has an approval rating of 89% among the company's employees.

Does Hershey have any subsidiaries?

Hershey subsidiaries include Dot's Pretzels, Lily's Sweets, One Brands LLC, Pirate Brands, Amplify Snack Brands2, Ripple Brand Collective LLC, Krave Pure Foods, and more.

Who are Hershey's major shareholders?

Top institutional investors of Hershey include Bank of New York Mellon Corp (0.58%), Truist Financial Corp (0.56%), Dimensional Fund Advisors LP (0.39%) and Envestnet Asset Management Inc. (0.39%). Insiders that own company stock include Hershey Trust Co Trustee In Tr, Michele Buck, Hershey Trust Co, Steven E Voskuil, Rohit Grover, Jason Reiman, Pamela M Arway, Charles R Raup, Robert Malcolm, Christopher M Scalia, Kristen J Riggs, Jennifer Mccalman and James Turoff.
View institutional ownership trends
.

How do I buy shares of Hershey?

Shares of HSY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Hershey own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Hershey investors own include Johnson & Johnson (JNJ), Walt Disney (DIS), AT&T (T), NVIDIA (NVDA), Verizon Communications (VZ), Chevron (CVX) and Procter & Gamble (PG).

This page (NYSE:HSY) was last updated on 8/22/2024 by MarketBeat.com Staff

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