Hershey - HSY Stock Forecast, Price & News

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hershey in the last twelve months. There are currently 9 hold ratings and 8 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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17 Wall Street research analysts have issued 12 month price targets for Hershey's shares. Their HSY share price forecasts range from $200.00 to $255.00. On average, they predict the company's share price to reach $229.63 in the next year. This suggests that the stock has a possible downside of 3.0%.
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Hershey's stock was trading at $193.47 at the beginning of the year. Since then, HSY stock has increased by 22.3% and is now trading at $236.69.
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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 2,680,000 shares, an increase of 6.8% from the October 31st total of 2,510,000 shares. Based on an average daily volume of 948,900 shares, the days-to-cover ratio is presently 2.8 days.
View Hershey's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
View our HSY earnings forecast.

The Hershey Company (NYSE:HSY) posted its earnings results on Friday, November, 4th. The company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.10 by $0.07. The firm earned $2.73 billion during the quarter, compared to analyst estimates of $2.62 billion. Hershey had a trailing twelve-month return on equity of 58.19% and a net margin of 15.69%. Hershey's revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.10 earnings per share.
Read the conference call transcript.

Hershey declared a quarterly dividend on Wednesday, November 2nd. Stockholders of record on Friday, November 18th will be paid a dividend of $1.036 per share on Thursday, December 15th. This represents a $4.14 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Thursday, November 17th.
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 1.78%. 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 54.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HSY will have a dividend payout ratio of 46.15% 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 Friday, November, 18th. The company provided EPS guidance of $8.20-$8.27 for the period, compared to the consensus EPS estimate of $8.18. The company issued revenue guidance of $10.23 billion-$10.32 billion, compared to the consensus revenue estimate of $10.20 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."

Hershey's stock is owned by many different retail and institutional investors. Top institutional investors include Hershey Trust Co. (28.34%), Vanguard Group Inc. (7.08%), BlackRock Inc. (7.06%), State Street Corp (3.51%), Renaissance Technologies LLC (1.48%) and Bank of New York Mellon Corp (0.64%). 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 and Pamela M Arway.
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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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One share of HSY stock can currently be purchased for approximately $236.69.

Hershey (NYSE:HSY) has a market capitalization of $48.54 billion and generates $8.97 billion in revenue each year. The company earns $1.48 billion in net income (profit) each year or $7.66 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.