Hershey Stock Price, News & Analysis (NYSE:HSY)

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hershey in the last year. There are currently 10 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research 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.
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17 equities research analysts have issued 1-year target prices for Hershey's stock. Their HSY share price targets range from $180.00 to $310.00. On average, they anticipate the company's stock price to reach $244.05 in the next year. This suggests a possible upside of 29.9% from the stock's current price.
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Hershey's stock was trading at $231.57 at the start of the year. Since then, HSY shares have decreased by 18.9% and is now trading at $187.85.
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Hershey saw a increase in short interest in November. As of November 15th, there was short interest totaling 2,490,000 shares, an increase of 7.3% from the October 31st total of 2,320,000 shares. Based on an average daily trading volume, of 1,420,000 shares, the days-to-cover ratio is presently 1.8 days.
View Hershey's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
View our HSY earnings forecast.

The Hershey Company (NYSE:HSY) announced its quarterly earnings data on Thursday, October, 26th. The company reported $2.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.47 by $0.13. The company earned $3.03 billion during the quarter, compared to analyst estimates of $2.95 billion. Hershey had a trailing twelve-month return on equity of 54.74% and a net margin of 17.11%. The business's revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.17 EPS.
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Hershey announced a quarterly dividend on Wednesday, October 25th. Investors of record on Friday, November 17th will be paid a dividend of $1.192 per share on Friday, December 15th. This represents a $4.77 annualized dividend and a yield of 2.54%. The ex-dividend date is Thursday, November 16th.
Read our dividend analysis for HSY.

Hershey (NYSE:HSY) pays an annual dividend of $4.77 per share and currently has a dividend yield of 2.52%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 51.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HSY will have a dividend payout ratio of 47.37% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HSY.

ETFs with the largest weight of Hershey (NYSE:HSY) stock in their portfolio include Invesco Food & Beverage ETF (PBJ), First Trust Nasdaq Food & Beverage ETF (FTXG), AdvisorShares Focused Equity ETF (CWS), Hennessy Stance ESG Large Cap ETF (STNC), iShares MSCI Water Management Multisector ETF (IWTR), Invesco Dorsey Wright Consumer Staples Momentum ETF (PSL), VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) and American Customer Satisfaction ETF (ACSI).

Hershey issued an update on its FY23 earnings guidance on Thursday, October, 26th. The company provided EPS guidance of $9.46-9.54 for the period, compared to the consensus earnings per share estimate of $9.53. The company issued revenue guidance of +8% yr/yr to $11.23 billion, compared to the consensus revenue estimate of $11.22 billion.

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.

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).

Hershey's stock is owned by many different retail and institutional investors. Top institutional shareholders include Nordea Investment Management AB (1.21%), Morgan Stanley (1.20%), Northern Trust Corp (0.87%), Invesco Ltd. (0.73%), Legal & General Group Plc (0.64%) and Bank of New York Mellon Corp (0.60%). 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.
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Shares of HSY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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