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NYSE:HSY

Hershey (HSY) Stock Price, News & Analysis

$185.98
+0.96 (+0.52%)
(As of 02:33 PM ET)
Today's Range
$184.76
$186.45
50-Day Range
$182.45
$202.23
52-Week Range
$178.82
$276.88
Volume
862,240 shs
Average Volume
1.97 million shs
Market Capitalization
$37.93 billion
P/E Ratio
20.55
Dividend Yield
2.95%
Price Target
$223.33

Hershey MarketRank™ Stock Analysis

Analyst Rating
Hold
2.19 Rating Score
Upside/​Downside
20.6% Upside
$223.33 Price Target
Short Interest
Healthy
2.11% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.32
Upright™ Environmental Score
News Sentiment
0.60mentions of Hershey in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$670,244 Sold Last Quarter
Proj. Earnings Growth
2.71%
From $9.60 to $9.86 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.

4.46 out of 5 stars

Consumer Staples Sector

20th out of 134 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

Hershey Stock Decline: An Opportunity for Investors to Buy
Value stocks are backed by impeccable businesses expected to pump out profits at high margins. The company's quality is only the start of the equation because investors also need to justify the purchase at a good enough price.
Hershey Stock Decline: An Opportunity for Investors to Buy (HSY)
Hershey stock could quickly become a buy target, as it already is for Vanguard, now that it trades at a 50% discount to all-time highs with bulletproof returns
BUY ALERT: Billionaires piling into this asset class
Legendary investor Warren Buffett has poured over $500 million into gold! It's a BIG move by one of the world's most cautious investors.
Hershey (NYSE:HSY) Stock Rating Reaffirmed by Edward Jones
7 Dividend Growth Stocks to Buy Now: Q2 Edition
BUY ALERT: Billionaires piling into this asset class
Legendary investor Warren Buffett has poured over $500 million into gold! It's a BIG move by one of the world's most cautious investors.
Hershey: Even Lower Stock Prices Are Likely
Hershey Co.
Hershey (NYSE:HSY) Price Target Cut to $199.00
Wells Fargo Reaffirms Their Hold Rating on The Hershey Company (HSY)
Hershey to Webcast First-Quarter Conference Call
See More Headlines
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Company Calendar

Last Earnings
2/08/2024
Ex-Dividend for 3/15 Dividend
2/16/2024
Dividend Payable
3/15/2024
Today
4/22/2024
Next Earnings (Confirmed)
5/03/2024
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
$223.33
High Stock Price Target
$310.00
Low Stock Price Target
$179.00
Potential Upside/Downside
+20.0%
Consensus Rating
Hold
Rating Score (0-4)
2.19
Research Coverage
21 Analysts

Profitability

Net Income
$1.86 billion
Pretax Margin
19.45%

Debt

Sales & Book Value

Annual Sales
$11.16 billion
Cash Flow
$11.76 per share
Book Value
$20.06 per share

Miscellaneous

Free Float
203,359,000
Market Cap
$37.96 billion
Optionable
Optionable
Beta
0.34

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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 shown consistent growth in revenue and profitability over the past few quarters, indicating a strong financial performance.
  • Recent insider selling activities, such as the Chief Accounting Officer selling shares at a higher price, could signal confidence in the company's future prospects.
  • With a current stock price of $198.54, Hershey's stock has shown resilience and potential for further growth in the market.
  • Strategic acquisitions and partnerships by Hershey have expanded its product portfolio and market reach, enhancing long-term growth opportunities.
  • The company's strong brand recognition and customer loyalty provide a competitive advantage in the confectionery industry, ensuring stable market positioning.

Cons

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

  • Market competition in the confectionery industry is intense, leading to potential pricing pressures and margin challenges for Hershey.
  • Fluctuations in commodity prices, such as cocoa and sugar, could impact Hershey's production costs and overall profitability.
  • Economic uncertainties and consumer spending patterns may affect Hershey's sales volume and revenue growth in the short term.
  • Regulatory changes related to food labeling, ingredients, or advertising could pose compliance risks and operational challenges for Hershey.
  • Global supply chain disruptions or logistics issues could impact Hershey's production efficiency and distribution capabilities, affecting overall business operations.
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 Wednesday, April 10, 2024. Please send any questions or comments about these Hershey pros and cons to contact@marketbeat.com.

HSY Stock Analysis - Frequently Asked Questions

Should I buy or sell Hershey stock right now?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hershey in the last twelve months. There are currently 1 sell rating, 15 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" HSY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HSY, but not buy additional shares or sell existing shares.
View HSY analyst ratings
or view top-rated stocks.

What is Hershey's stock price target for 2024?

21 Wall Street research analysts have issued 12 month price objectives for Hershey's stock. Their HSY share price targets range from $179.00 to $310.00. On average, they expect the company's stock price to reach $223.33 in the next twelve months. This suggests a possible upside of 20.6% from the stock's current price.
View analysts price targets for HSY
or view top-rated stocks among Wall Street analysts.

How have HSY shares performed in 2024?

Hershey's stock was trading at $186.44 at the beginning of the year. Since then, HSY shares have decreased by 0.6% and is now trading at $185.24.
View the best growth stocks for 2024 here
.

Are investors shorting Hershey?

Hershey saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 4,300,000 shares, an increase of 14.4% from the March 15th total of 3,760,000 shares. Based on an average daily volume of 2,010,000 shares, the days-to-cover ratio is presently 2.1 days.
View Hershey's Short Interest
.

When is Hershey's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024.
View our HSY earnings forecast
.

How can I listen to Hershey's earnings call?

Hershey will be holding an earnings conference call on Friday, May 3rd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13742415".

How were Hershey's earnings last quarter?

The Hershey Company (NYSE:HSY) released its earnings results on Thursday, February, 8th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $0.07. The company earned $2.66 billion during the quarter, compared to the consensus estimate of $2.72 billion. Hershey had a trailing twelve-month return on equity of 51.79% and a net margin of 16.67%. The company's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.02 EPS.
Read the conference call transcript
.

How often does Hershey pay dividends? What is the dividend yield for Hershey?

Hershey announced a quarterly dividend on Wednesday, February 7th. Shareholders of record on Tuesday, February 20th will be given a dividend of $1.37 per share on Friday, March 15th. This represents a $5.48 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Friday, February 16th. This is an increase from the stock's previous quarterly dividend of $1.19.
Read our dividend analysis for HSY
.

Is Hershey a good dividend stock?

Hershey (NYSE:HSY) pays an annual dividend of $5.48 per share and currently has a dividend yield of 2.96%. The company has been increasing its dividend for 15 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 60.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HSY will have a dividend payout ratio of 55.58% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HSY.

What guidance has Hershey issued on next quarter's earnings?

Hershey issued an update on its FY24 earnings guidance on Tuesday, February, 20th. The company provided earnings per share guidance of $9.59 for the period, compared to the consensus estimate of $9.60. The company issued revenue guidance of $11.39-$11.50 billion, compared to the consensus revenue estimate of $11.48 billion.

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.

What other stocks do shareholders of Hershey own?

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

Who are Hershey's major shareholders?

Hershey's stock is owned by many different institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.22%), Raymond James & Associates (0.12%), Confluence Investment Management LLC (0.09%), Check Capital Management Inc. CA (0.06%), Global Assets Advisory LLC (0.02%) and Lawson Kroeker Investment Management Inc. NE (0.02%). Insiders that own company stock include Charles R Raup, Christopher M Scalia, Hershey Trust Co, Hershey Trust Co Trustee In Tr, James Turoff, Jason Reiman, Jennifer Mccalman, Kristen J Riggs, Michele Buck, Pamela M Arway, Pamela M Arway, Robert Malcolm, Rohit Grover and Steven E Voskuil.
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.

Does Hershey have any subsidiaries?
The following companies are subsidiares of Hershey: Allan Candy Company, Amplify Snack Brands Inc., Amplify Snack Brands2, Artisan Confections Company LLC, Brookside Foods Ltd, CSH Foods Inc., Dagoba Organic Chocolate, Dot's Pretzels, Dot's Pretzels LLC, Grupo Lorena, Hershey (China) Investment Management Co. Ltd., Hershey (Thailand) Co. Ltd., Hershey Asia Pacific Pte. Ltd., Hershey Canada Inc., Hershey Caribe Inc., Hershey Chocolate & Confectionery LLC, Hershey Chocolate Sales (Shanghai) Co. Ltd., Hershey Chocolate of Virginia LLC, Hershey India Private Limited, Hershey International LLC, Hershey Japan Co. Ltd., Hershey Malaysia Sdn. Bhd., Hershey Mexico S.A. de C.V., Hershey Netherlands B.V., Hershey Philippines Inc., Hershey Trading GmbH, Hershey UK Finance Limited, Hershey UK Holding Limited, Hershey do Brasil Ltda., Hersmex S. de R.L. de C.V., Joseph Schmidt Confections, Krave Pure Foods, Lily's Sweets, Lily's Sweets LLC, Mauna Loa Macadamia Nut Corporation, Nutrine Confectionery Company Private Limited, ONE Brands LLC, One Brands LLC, Pirate Brands, Pretzels Holdings LLC, Reese Candy Corporation, Regional Operating HQ, Ripple Brand Collective LLC, Scharffen Berger Chocolate Maker, Servicios de Hersmex S. de R.L. de C.V., Shanghai Golden Monkey, The Hershey Investment Company LLC, The Hershey Licensing Company, The Hershey Sales Company, The Hershey Sourcing Company, The Hershey Trading North America Company, Tri-Us Inc., Van Houten (Singapore) Pte. Ltd., Van Houten Singapore Pte.Ltd., Visagis, and Y&S Candies.
Read More
This page (NYSE:HSY) was last updated on 4/22/2024 by MarketBeat.com Staff

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