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

$185.80
-3.19 (-1.69%)
(As of 03:51 PM ET)
Compare
Today's Range
$185.78
$188.39
50-Day Range
$184.10
$211.31
52-Week Range
$183.74
$276.88
Volume
851,467 shs
Average Volume
1.20 million shs
Market Capitalization
$38.00 billion
P/E Ratio
20.04
Dividend Yield
2.57%
Price Target
$246.05

Hershey MarketRank™ Stock Analysis

Analyst Rating
Hold
2.47 Rating Score
Upside/​Downside
30.9% Upside
$244.05 Price Target
Short Interest
Healthy
1.22% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.32
Upright™ Environmental Score
News Sentiment
0.27mentions of Hershey in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$920,800 Sold Last Quarter
Proj. Earnings Growth
5.56%
From $9.54 to $10.07 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.76 out of 5 stars

Consumer Staples Sector

20th out of 130 stocks

Sugar & Confectionery Products Industry

1st out of 4 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; 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, Paqui, 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 was founded in 1894 and is headquartered in Hershey, Pennsylvania.

HSY Stock Price History

HSY Stock News Headlines

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RBC Capital Downgrades Hershey (HSY)
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The Hershey Co's Dividend Analysis
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See More Headlines
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Company Calendar

Ex-Dividend for 9/15 Dividend
8/17/2023
Dividend Payable
9/15/2023
Last Earnings
10/26/2023
Ex-Dividend for 12/15 Dividend
11/16/2023
Today
11/29/2023
Dividend Payable
12/15/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/01/2024

Industry, Sector and Symbol

Industry
Sugar & confectionery products
Sub-Industry
Packaged Foods & Meats
CUSIP
42786610
Employees
19,865
Year Founded
1894

Price Target and Rating

Average Stock Price Target
$244.05
High Stock Price Target
$310.00
Low Stock Price Target
$180.00
Potential Upside/Downside
+32.2%
Consensus Rating
Hold
Rating Score (0-4)
2.47
Research Coverage
17 Analysts

Profitability

Net Income
$1.64 billion
Pretax Margin
19.85%

Debt

Sales & Book Value

Annual Sales
$10.42 billion
Cash Flow
$10.31 per share
Book Value
$19.40 per share

Miscellaneous

Free Float
204,048,000
Market Cap
$38.07 billion
Optionable
Optionable
Beta
0.35

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Should I Buy Hershey Stock? HSY Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Hershey was last updated on Tuesday, November 28, 2023 at 9:53 AM.

Pros

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

  • The Hershey Company is a well-established confectionery and pantry items manufacturer and seller in the United States.
  • They have a wide range of popular and beloved products that have a strong consumer demand.
  • The company has a long history, being founded in 1894, which demonstrates its stability and resilience in the market.
  • The Hershey Company has a strong distribution network, reaching various retail channels such as supermarkets, convenience stores, dollar stores, concessionaires, and department stores.
  • Investors can benefit from the company's consistent focus on innovation and product development to meet changing consumer preferences.

Cons

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

  • While The Hershey Company has a strong market presence, it faces competition from other confectionery and pantry item manufacturers.
  • Changes in consumer preferences and health-conscious trends may impact the demand for traditional confectionery products.
  • Fluctuations in commodity prices, such as cocoa and sugar, can affect the company's profitability.
  • Economic downturns or recessions may lead to reduced consumer spending on discretionary items, including confectionery products.
  • Investors should consider the potential risks associated with the company's supply chain, including sourcing raw materials and managing logistics.














HSY Stock Analysis - Frequently Asked Questions

Should I buy or sell Hershey stock right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hershey in the last twelve months. There are currently 10 hold ratings and 7 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?

17 analysts have issued 1 year price objectives for Hershey's shares. Their HSY share price targets range from $180.00 to $310.00. On average, they expect the company's share price to reach $244.05 in the next year. This suggests a possible upside of 31.1% 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 2023?

Hershey's stock was trading at $231.57 at the beginning of the year. Since then, HSY shares have decreased by 19.6% and is now trading at $186.11.
View the best growth stocks for 2023 here
.

Are investors shorting Hershey?

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 volume of 1,420,000 shares, the short-interest ratio is presently 1.8 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 Thursday, February 1st 2024.
View our HSY earnings forecast
.

How were Hershey's earnings last quarter?

The Hershey Company (NYSE:HSY) released its earnings results on Thursday, October, 26th. The company reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.13. The company earned $3.03 billion during the quarter, compared to analysts' expectations 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 in the prior year, the company earned $2.17 earnings per share.
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, 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 2.56%. The ex-dividend date of this dividend is Thursday, November 16th.
Read our dividend analysis for HSY
.

Is Hershey a good dividend stock?

Hershey (NYSE:HSY) pays an annual dividend of $4.77 per share and currently has a dividend yield of 2.53%. 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.

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

Hershey issued an update on 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 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.

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 a number of retail and institutional investors. Top institutional investors 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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 11/29/2023 by MarketBeat.com Staff

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