#6 - The Hershey Company (NYSE:HSY)
The Hershey Company (NYSE: HSY) -Hershey’s chocolate is a uniquely American experience. Despite a lot of competition in the confection space, Hershey’s remains a strong made in American brand. Hershey, Pennsylvania is – as its name suggests – a company town complete with Hershey’s kisses for lampposts. But is the company which is close to its 52-week highs (and up nearly 40% year-over-year) a sweet deal for investors? Its forward guidance suggests that it may very well be. While the company is not suggesting that it will have growth that will “break the bank”, but the company is seeking to reposition itself in the snack space. As much as we all still love our Reese’s bars and Hershey’s Chocolate (those two brands remain their top two product lines), the company is repositioning itself to include a targeted mix of savory snacks. Hershey’s has traditionally paid a solid dividend. While not in the dividend aristocrat club, the company is as solid as many of the companies in that group. The company currently pays a dividend of just over two percent.
About Hershey
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.
Read More - Current Price
- $186.16
- Consensus Rating
- Hold
- Ratings Breakdown
- 4 Buy Ratings, 13 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $212.78 (14.3% Upside)
