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

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hershey in the last year. There are currently 11 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities 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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18 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 predict the company's stock price to reach $242.19 in the next twelve months. This suggests a possible upside of 30.4% from the stock's current price.
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Hershey's stock was trading at $231.57 at the beginning of the year. Since then, HSY stock has decreased by 19.8% and is now trading at $185.74.
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Hershey saw a increase in short interest in the month of 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 volume of 1,420,000 shares, the days-to-cover ratio is currently 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 earnings results on Thursday, October, 26th. The company reported $2.60 EPS for the quarter, beating analysts' consensus estimates of $2.47 by $0.13. The company had revenue of $3.03 billion for 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 firm's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company posted $2.17 earnings per share.
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Hershey declared a quarterly dividend on Wednesday, October 25th. Stockholders of record on Friday, November 17th will be given a dividend of $1.192 per share on Friday, December 15th. This represents a $4.77 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend 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 47.60% 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 updated its FY23 earnings guidance on Thursday, October, 26th. The company provided earnings per share guidance of $9.46-9.54 for the period, compared to the consensus 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 a number of institutional and retail 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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