Hershey - HSY Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hershey in the last twelve months. There are currently 1 sell rating, 10 hold ratings and 3 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.
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14 Wall Street research analysts have issued 12 month target prices for Hershey's shares. Their HSY share price forecasts range from $230.00 to $277.00. On average, they predict the company's stock price to reach $248.07 in the next twelve months. This suggests a possible upside of 0.1% from the stock's current price.
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Hershey's stock was trading at $231.57 at the beginning of 2023. Since then, HSY stock has increased by 7.0% and is now trading at $247.86.
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Hershey saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 2,630,000 shares, an increase of 22.3% from the January 31st total of 2,150,000 shares. Based on an average trading volume of 984,400 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, April 27th 2023.
View our HSY earnings forecast.

The Hershey Company (NYSE:HSY) announced its quarterly earnings results on Thursday, February, 2nd. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.25. The business had revenue of $2.65 billion for the quarter, compared to analysts' expectations of $2.58 billion. Hershey had a trailing twelve-month return on equity of 57.76% and a net margin of 15.79%. Hershey's revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.69 earnings per share.
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Hershey announced a quarterly dividend on Thursday, February 2nd. Investors of record on Friday, February 17th will be given a dividend of $1.036 per share on Wednesday, March 15th. This represents a $4.14 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Thursday, February 16th.
Read our dividend analysis for HSY.

ETFs with the largest weight of Hershey (NYSE:HSY) stock in their portfolio include Invesco Dynamic Food & Beverage ETF (PBJ), AdvisorShares Vice ETF (VICE), First Trust Nasdaq Food & Beverage ETF (FTXG), American Customer Satisfaction ETF (ACSI), AdvisorShares Focused Equity ETF (CWS), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), Invesco DWA Consumer Staples Momentum ETF (PSL) and VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV).

Hershey (NYSE:HSY) pays an annual dividend of $4.14 per share and currently has a dividend yield of 1.67%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 52.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HSY will have a dividend payout ratio of 41.07% 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 FY23 earnings guidance on Wednesday, March, 22nd. The company provided EPS guidance of $9.29-$9.46 for the period, compared to the consensus estimate of $9.40. The company issued revenue guidance of $11.04-$11.25 billion, compared to the consensus revenue estimate of $11.17 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 Geode Capital Management LLC (1.56%), Renaissance Technologies LLC (1.30%), Morgan Stanley (1.29%), Norges Bank (0.87%), Bank of America Corp DE (0.85%) and American Century Companies Inc. (0.77%). 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 and Rohit Grover.
View institutional ownership trends.

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 $247.86.

Hershey (NYSE:HSY) has a market capitalization of $50.57 billion and generates $10.42 billion in revenue each year. The company earns $1.64 billion in net income (profit) each year or $7.96 on an earnings per share basis.

The company employs 19,865 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.