The Hershey Company (HSY)
| Market Cap | 35.37B |
| Revenue (ttm) | 10.97B |
| Net Income (ttm) | 1.77B |
| Shares Out | 202.35M |
| EPS (ttm) | 8.70 |
| PE Ratio | 20.10 |
| Forward PE | 20.92 |
| Dividend | $5.48 (3.14%) |
| Ex-Dividend Date | Nov 18, 2024 |
| Volume | 1,252,287 |
| Open | 175.94 |
| Previous Close | 174.95 |
| Day's Range | 173.00 - 176.40 |
| 52-Week Range | 168.16 - 211.92 |
| Beta | 0.37 |
| Analysts | Sell |
| Price Target | 187.06 (+7.01%) |
| Earnings Date | Nov 7, 2024 |
About HSY
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; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack item... [Read more]
Financial Performance
In 2023, Hershey's revenue was $11.16 billion, an increase of 7.16% compared to the previous year's $10.42 billion. Earnings were $1.86 billion, an increase of 13.19%.
Financial StatementsAnalyst Forecast
According to 19 analysts, the average rating for HSY stock is "Sell." The 12-month stock price forecast is $187.06, which is an increase of 7.01% from the latest price.
News
Hershey: A Deep Dive Into A Confectionery Giant Facing Headwinds
Hershey's strong brand equity and pricing power make it a compelling value investment, especially for dividend-focused investors seeking stability in bear markets. Despite attractive valuation metrics...
U.S. Confectionery Market Assessment and Forecasts to 2028 - The Hershey Company, Mars and Ferrero Continue to Dominate the Market
Dublin, Nov. 19, 2024 (GLOBE NEWSWIRE) -- The "United States of America Confectionery - Market Assessment and Forecasts to 2028" report has been added to ResearchAndMarkets.com's offering. The US conf...
KIT KAT® Brand Debuts First-Ever Seasonal Shape: KIT KAT® Santas
KIT KAT ® will give photo seekers visiting Santa a delicious break from tradition this holiday season HERSHEY, Pa. , Nov. 18, 2024 /PRNewswire/ -- Santa Claus deserves a break, and thanks to KIT KAT®,...
Kraft and Hershey Stock Have Been Dropping. It Isn't About RFK.
Evercore warns that many packaged food companies are losing market share.
Income And Growth, 2 Dividend Gems I'm Watching Like A Hawk
After a recent market dip, two high-quality dividend stocks stand out. Their strong fundamentals and resilience offer compelling post-earnings buying potential. These stocks combine attractive yields ...
Hershey Expands Sweets Portfolio with Acquisition of Sour Strips
HERSHEY, Pa. , Nov. 8, 2024 /PRNewswire/ -- The Hershey Company (NYSE: HSY) today announced it has acquired Sour Strips, a fast-growing sour candy brand with a powerful social media presence.
Hershey Results, Outlook Hurt by High Cocoa Prices and Soft Consumer Demand
Hershey Co. (HSY) Thursday posted lower-than-estimated third-quarter results on soaring cocoa prices and weak consumer spending and also lowered its projections for sales and earnings for the year.
The Hershey Company (HSY) Q3 2024 Earnings Call Transcript
The Hershey Company (NYSE:HSY) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Anoori Naughton - Senior Director, Investor Relations Michele Buck - Chairman & Chief ...
Nasdaq Surges 1%; Hershey Posts Downbeat Q3 Results
U.S. stocks traded mostly higher this morning, with the Nasdaq Composite gaining around 1% on Thursday.
Hershey trims annual forecast as higher prices dent demand
Hershey trimmed its annual revenue and profit forecasts on Thursday after missing Wall Street estimates for third-quarter, as repeated price hikes have dampened demand for its chocolates, confectioner...
Hershey Co.'s stock dips as high cocoa prices eat into profit
Chocolate maker's stock drops as its adjusted earnings miss analyst estimates.
Hershey Declares Quarterly Dividends
HERSHEY, Pa. , Nov. 7, 2024 /PRNewswire/ -- The Board of Directors of The Hershey Company (NYSE: HSY) today announced quarterly dividends of $1.370 on the Common Stock and $1.245 on the Class B Common...
Hershey Reports Third-Quarter 2024 Financial Results; Updates 2024 Net Sales and Earnings Outlook
HERSHEY, Pa. , Nov. 7, 2024 /PRNewswire/ -- The Hershey Company (NYSE: HSY) today announced net sales and earnings for the third quarter ended September 29, 2024 and updated its 2024 net sales and ear...
4-Factor Dividend Growth Portfolio: FY3 Rebalance And 21.57% Long-Term CAGR
The 4-factor dividend growth portfolio is a strategy that leverages the stock selection process of Schwab U.S. Dividend Equity ETF with a few minor twists. The portfolio finished FY2 on October 31, 20...
Hershey Q3 Earnings Preview: After Absorbing Inflation, A New Chapter Begins
Hershey's stock has been trading sideways due to high cocoa prices and investor concerns over the impact of price increases on sales. Despite short-term challenges, Hershey boasts high margins, strong...
Hershey: Sweeter Than Mondelez This Halloween
Hershey isn't just the king of Halloween. While its chocolate products hold a 45% market share in the U.S., it's also rapidly expanding into salty snacks. Mondelez may offer more international flavors...
Hershey Signs Groundbreaking Long-Term Agreement with Cocoa Cooperatives Aimed at Improving Farmer Income and Farm Resiliency
Five-year agreement builds on significant company investments in improving the well-being of cocoa farming communities HERSHEY, Pa. , Oct. 14, 2024 /PRNewswire/ -- Hershey announced a five-year agreem...
Hershey to Webcast Third-Quarter Conference Call
HERSHEY, Pa. , Oct. 10, 2024 /PRNewswire/ -- The Hershey Company (NYSE: HSY) announced today that it will release its third-quarter sales and earnings results on Thursday, November 7, 2024, and hold a...
Top 50 High Quality Dividend Stocks - September 2024 Results
I track 50 high-quality dividend stocks, updating their valuations daily to identify Strong Buy, Buy, Hold, and Trim opportunities based on historical free cash flow trends. September's performance: S...
Supply pressure on cocoa & cautious consumer could mean trouble for Hershey, say Jefferies' Dickerson
Rob Dickerson, Jefferies equity analyst, joins CNBC's 'The Exchange' to discuss why he's downgrading Hershey, how a gummy candies have eaten away at chocolate buyers, and more.
Hershey Hit with Analyst Downgrade As Chocolate Segment Melts
Shares of Hershey Co. (HSY) was dropped to underperform by Jefferies analysts, calling chocolate “amongst the most concerning” segments of the US snack sector in a note Thursday.
Jefferies downgrades Hershey, predicts sweet times turning sour
Jefferies has downgraded Hersheys from “hold” to “underperform” on expectations that the chocolate maker is likely to face significant challenges over the next three years on account of a decline in s...
Hershey: Buckle Up For The Rest Of 2024
The Hershey Company's stock has been underperforming the sector, but that's mostly due to outside factors. Near-term pressures are expected as input-costs remain elevated and pricing tailwinds dissipa...
Hershey Co lays off some workers this week
A spokesperson for Hershey said on Thursday the chocolate maker laid off a small number of its employees this week as part of organizational changes the company announced earlier this year when cocoa ...
Hershey: The Big Picture Is Still Fine
The Hershey Company faced a financial setback recently due to softening demand and planned inventory management, resulting in a double-digit net sales decline in Q2 2024, along with margin reductions....