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NYSE:HSY

Hershey (HSY) Stock Forecast, Price & News

$200.08
-1.76 (-0.87%)
(As of 04:00 PM ET)
Compare
Today's Range
$199.30
$202.84
50-Day Range
$201.84
$246.63
52-Week Range
$199.30
$276.88
Volume
1.41 million shs
Average Volume
1.14 million shs
Market Capitalization
$40.91 billion
P/E Ratio
23.02
Dividend Yield
2.38%
Price Target
$262.10

Hershey MarketRank™ Forecast

Analyst Rating
Hold
2.47 Rating Score
Upside/​Downside
31.2% Upside
$262.10 Price Target
Short Interest
Healthy
1.68% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.32
Upright™ Environmental Score
News Sentiment
0.51mentions of Hershey in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$4.08 M Sold Last Quarter
Proj. Earnings Growth
7.55%
From $9.54 to $10.26 Per Share

Overall MarketRank

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

2.97 out of 5 stars

Consumer Staples Sector

11th out of 135 stocks

Sugar & Confectionery Products Industry

1st out of 5 stocks


HSY stock logo

About Hershey (NYSE:HSY) Stock

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 Price History

HSY Stock News Headlines

Low Beta Stocks To Offset A Possible Hard Landing (HSY)
As the VIX begins to tick higher, pricing in the risk of a potential hard landing from the FED, investors would be wise to consider these low beta stocks
Hostess Acquisition, 3.3% Dividend Make J.M. Smucker a Sweet Deal (HSY)
In light of a market overreaction, patient value investors have a tasty opportunity in J.M. Smucker stock following the company's acquisition of Hostess.
This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
10 Best Sugar Stocks to Buy Now (HSY)
No individual sugar-producing companies trade on major U.S. stock exchanges, so should you invest? Learn more about the best sugar stocks to buy on MarketBeat.
Hershey Canada Launches First Plant-Based Chocolate Bar In Canada
Hershey (NYSE:HSY) Hits New 52-Week Low on Analyst Downgrade
This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
Hershey (NYSE:HSY) PT Lowered to $240.00
Hershey (NYSE:HSY) Coverage Initiated at HSBC
Best Dividend Stocks: Deere vs. Hershey
Hershey (HSY) Benefits From Pricing Amid High SG&A Costs
Hershey Is Having a Meltdown
See More Headlines
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HSY Company Calendar

Last Earnings
7/27/2023
Ex-Dividend for 9/15 Dividend
8/17/2023
Dividend Payable
9/15/2023
Today
9/29/2023
Next Earnings (Estimated)
11/03/2023
Fiscal Year End
12/31/2023

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 Forecast
$262.10
High Stock Price Forecast
$310.00
Low Stock Price Forecast
$233.00
Forecasted Upside/Downside
+31.1%
Consensus Rating
Hold
Rating Score (0-4)
2.47
Research Coverage
17 Analysts

Profitability

Net Income
$1.64 billion
Pretax Margin
18.74%

Debt

Sales & Book Value

Annual Sales
$10.42 billion
Cash Flow
$10.30 per share
Book Value
$16.10 per share

Miscellaneous

Free Float
203,773,000
Market Cap
$40.88 billion
Optionable
Optionable
Beta
0.29

Social Links

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Key Executives

  • Ms. Michele Gross Buck (Age 61)
    Chairman, Pres & CEO
    Comp: $5.85M
  • Mr. Steven E. VoskuilMr. Steven E. Voskuil (Age 55)
    Sr. VP & CFO
    Comp: $2.68M
  • Mr. Jason R. ReimanMr. Jason R. Reiman (Age 51)
    Sr. VP & Chief Supply Chain Officer
    Comp: $1.81M
  • Mr. Charles R. RaupMr. Charles R. Raup (Age 55)
    Pres of U.S. Confection
    Comp: $2.48M
  • Ms. Kristen J. RiggsMs. Kristen J. Riggs (Age 44)
    Pres of Salty Snacks
    Comp: $2.44M
  • Ms. Jennifer L. McCalmanMs. Jennifer L. McCalman (Age 44)
    VP & Chief Accounting Officer
  • Ms. Melissa Poole
    VP of Investor Relations & Corp. Fin.
  • Mr. James  TuroffMr. James Turoff (Age 46)
    Sr. VP, Gen. Counsel & Sec.
  • Ms. Marlene Creighton
    Global Chief Sales Officer
  • Mr. Christopher M. ScaliaMr. Christopher M. Scalia (Age 47)
    Sr. VP & Chief HR Officer













HSY Stock - Frequently Asked Questions

Should I buy or sell Hershey stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hershey in the last year. There are currently 9 hold ratings and 8 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.
View HSY analyst ratings
or view top-rated stocks.

What is Hershey's stock price forecast for 2023?

17 brokers have issued 12-month price objectives for Hershey's shares. Their HSY share price forecasts range from $233.00 to $310.00. On average, they expect the company's stock price to reach $262.10 in the next twelve months. 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 stock has decreased by 13.7% and is now trading at $199.93.
View the best growth stocks for 2023 here
.

Are investors shorting Hershey?

Hershey saw a increase in short interest in August. As of August 31st, there was short interest totaling 3,290,000 shares, an increase of 21.4% from the August 15th total of 2,710,000 shares. Based on an average daily volume of 1,230,000 shares, the days-to-cover ratio is currently 2.7 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, November 3rd 2023.
View our HSY earnings forecast
.

How were Hershey's earnings last quarter?

The Hershey Company (NYSE:HSY) posted its quarterly earnings results on Thursday, July, 27th. The company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.12. The business earned $2.49 billion during the quarter, compared to analyst estimates of $2.50 billion. Hershey had a trailing twelve-month return on equity of 55.74% and a net margin of 16.49%. Hershey's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.80 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, July 26th. Shareholders of record on Friday, August 18th will be given a dividend of $1.192 per share on Friday, September 15th. This represents a $4.77 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Thursday, August 17th. This is a boost from the stock's previous quarterly dividend of $1.04.
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 2.35%. 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 54.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HSY will have a dividend payout ratio of 46.49% 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 FY 2023 earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of $9.46-$9.54 for the period, compared to the consensus EPS estimate of $9.51. The company issued revenue guidance of $11.25 billion-$11.25 billion, compared to the consensus revenue estimate of $11.26 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).

What is Hershey's stock symbol?

Hershey trades on the New York Stock Exchange (NYSE) under the ticker symbol "HSY."

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.

What is Hershey's stock price today?

One share of HSY stock can currently be purchased for approximately $199.93.

How much money does Hershey make?

Hershey (NYSE:HSY) has a market capitalization of $40.88 billion and generates $10.42 billion in revenue each year. The company earns $1.64 billion in net income (profit) each year or $8.69 on an earnings per share basis.

How many employees does Hershey have?

The company employs 19,865 workers across the globe.

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
How can I contact Hershey?

Hershey's mailing address is 19 East Chocolate Avenue, Hershey PA, 17033. The official website for the company is www.thehersheycompany.com. The company can be reached via phone at (717) 534-4200, via email at investorrelations@hersheys.com, or via fax at 717-534-7873.

This page (NYSE:HSY) was last updated on 9/29/2023 by MarketBeat.com Staff

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