Hershey - HSY Stock Forecast, Price & News

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hershey in the last twelve months. There are currently 8 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" HSY shares.
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16 equities research analysts have issued twelve-month price targets for Hershey's shares. Their HSY share price forecasts range from $190.00 to $255.00. On average, they expect the company's share price to reach $221.94 in the next year. This suggests that the stock has a possible downside of 0.5%.
View analysts price targets for HSY or view top-rated stocks among Wall Street analysts.

Hershey's stock was trading at $193.47 on January 1st, 2022. Since then, HSY shares have increased by 15.2% and is now trading at $222.97.
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Hershey saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,460,000 shares, an increase of 8.4% from the August 15th total of 2,270,000 shares. Based on an average daily trading volume, of 913,800 shares, the days-to-cover ratio is presently 2.7 days.
View Hershey's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our HSY earnings forecast.

The Hershey Company (NYSE:HSY) released its earnings results on Thursday, July, 28th. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.69 by $0.11. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.24 billion. Hershey had a trailing twelve-month return on equity of 60.62% and a net margin of 16.76%. The company's quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.47 EPS.
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Hershey declared a quarterly dividend on Thursday, July 28th. Shareholders of record on Friday, August 19th will be paid a dividend of $1.036 per share on Thursday, September 15th. This represents a $4.14 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, August 18th. This is a positive change from the stock's previous quarterly dividend of $0.90.
Read our dividend analysis for HSY.

Hershey (NYSE:HSY) pays an annual dividend of $4.14 per share and currently has a dividend yield of 1.87%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 52.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HSY will have a dividend payout ratio of 46.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HSY.

Hershey updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $8.05-$8.20 for the period, compared to the consensus earnings per share estimate of $8.05. The company issued revenue guidance of $10.05 billion-$10.23 billion, compared to the consensus revenue estimate of $9.99 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "HSY."

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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One share of HSY stock can currently be purchased for approximately $222.97.

Hershey (NYSE:HSY) has a market capitalization of $45.70 billion and generates $8.97 billion in revenue each year. The company earns $1.48 billion in net income (profit) each year or $7.86 on an earnings per share basis.

The company employs 18,990 workers across the globe.

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.