Hershey - HSY Stock Forecast, Price & News

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hershey in the last twelve months. There are currently 1 sell rating, 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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18 equities research analysts have issued twelve-month price targets for Hershey's shares. Their HSY share price forecasts range from $200.00 to $269.00. On average, they predict the company's share price to reach $232.00 in the next year. This suggests a possible upside of 6.1% 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 decreased by 5.5% and is now trading at $218.76.
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Hershey saw a decrease in short interest in the month of December. As of December 30th, there was short interest totaling 2,350,000 shares, a decrease of 16.7% from the December 15th total of 2,820,000 shares. Based on an average daily volume of 944,300 shares, the days-to-cover ratio is currently 2.5 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.

Hershey will be holding an earnings conference call on Thursday, February 2nd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13733825".

The Hershey Company (NYSE:HSY) issued its earnings results on Friday, November, 4th. The company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.07 by $0.10. The business had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.62 billion. Hershey had a net margin of 15.69% and a trailing twelve-month return on equity of 58.19%. The company's revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.10 earnings per share.
Read the conference call transcript.

Hershey declared a quarterly dividend on Wednesday, November 2nd. Shareholders of record on Friday, November 18th will be given a dividend of $1.036 per share on Thursday, December 15th. This represents a $4.14 annualized dividend and a yield of 1.89%. 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 1.89%. 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 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 earnings per share (EPS) guidance of $8.20-$8.27 for the period, compared to the consensus 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 a variety of retail and institutional investors. Top institutional investors include Scout Investments Inc. (0.17%), State of Michigan Retirement System (0.09%), New York State Teachers Retirement System (0.08%), Troy Asset Management Ltd (0.08%), Assenagon Asset Management S.A. (0.06%) and Boston Trust Walden Corp (0.06%). 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 and Robert Malcolm.
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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 $218.76.

Hershey (NYSE:HSY) has a market capitalization of $44.86 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.