The Hershey Company (HSY)

NYSE: HSY · IEX Real-Time Price · USD
188.05
+0.13 (0.07%)
Mar 1, 2024, 4:00 PM EST - Market closed
0.07%
Market Cap 38.35B
Revenue (ttm) 11.16B
Net Income (ttm) 1.86B
Shares Out 204.00M
EPS (ttm) 9.06
PE Ratio 20.76
Forward PE 19.39
Dividend $5.48 (2.91%)
Ex-Dividend Date Feb 16, 2024
Volume 1,283,943
Open 187.86
Previous Close 187.92
Day's Range 185.82 - 188.55
52-Week Range 178.82 - 276.88
Beta 0.36
Analysts Hold
Price Target 225.68 (+20.01%)
Earnings Date Apr 25, 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]

Industry Confectioners
Founded 1894
Employees 20,505
Stock Exchange NYSE
Ticker Symbol HSY
Full Company Profile

Financial Performance

In 2023, HSY'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 Statements

Analyst Forecast

According to 21 analysts, the average rating for HSY stock is "Hold." The 12-month stock price forecast is $225.68, which is an increase of 20.01% from the latest price.

Price Target
$225.68
(20.01% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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4 days ago - MarketBeat

With increased cocoa prices worldwide, should you short chocolate stocks?

Cocoa as a commodity has soared lately. The cocoa price rose by more than 150% in just over a year to an all-time high of $5,874 per ton on February 8th, only to smash its own record this week with a ...

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5 days ago - Invezz

Hershey Presents at 2024 CAGNY Conference; Reaffirms Earnings Outlook for 2024

HERSHEY, Pa. , Feb. 20, 2024  /PRNewswire/ -- In a presentation today at the 2024 Consumer Analyst Group of New York (CAGNY) conference, Michele G.

12 days ago - PRNewsWire

These six top stocks are making Valentine's Day shine, should you buy?

Love is in the air – at least, for certain picks on the stock market it is. America's National Retail Federation says that nearly $26 billion will be spent on Valentines Day this year in the U.S. alon...

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19 days ago - Invezz

Hershey stock presents investors a sweet buy-the-dip opportunity

Shares of The Hershey Company NYSE: HSY are down about 7% following the company's mixed earnings report on February 8. The confectioner missed slightly on the top line, with revenue of $2.66 billion m...

19 days ago - MarketBeat

Why chocolate lovers will pay more this Valentine's Day than they have in years

Cocoa prices have reached their highest levels on record, just in time for one of the biggest chocolate-buying holidays of the year: Valentine's Day.

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19 days ago - Market Watch

Chocolate maker Hershey issues warning over record cocoa prices

US firm expects rising costs to hit profits and sales as consumers cut spending on treats

23 days ago - The Guardian

Hershey cuts jobs after soaring cocoa costs hurt candy sales

Hersey announced plans to implement a round of layoffs after reporting that inflation-ridden cocoa sent its candy prices higher and deterred consumers.

24 days ago - New York Post

Hershey CEO: We are predicting 2 to 3% sales growth this year

Hershey CEO Michele Buck joins 'Squawk on the Street' to discuss Buck's insight into the consumer, the dynamic between higher prices and volume sacrifices, and snacking trends in North America.

24 days ago - CNBC Television

Hershey's Kissed Off Cocoa Prices. The Surprise Was Sweet.

Hershey is highly exposed to soaring cocoa costs. The company generates over 90% of its revenue in the U.S.

24 days ago - Barrons

Hershey reports Q4 earnings beat, but shares fall on weak outlook

Hershey Corp. HSY, -0.27% reported a fourth-quarter earnings beat before market open Thursday, although shares fell 3% in premarket trades, weighed down by weaker-than-expected sales and guidance. The...

24 days ago - Market Watch

Hershey looks to cut jobs as it projects a dour 2024

Hershey on Thursday disclosed it was cutting jobs and would incur up to $60 million in costs, after the chocolate maker projected its full-year sales and profit below estimates.

24 days ago - Reuters

Hershey Raises Quarterly Dividends

HERSHEY, Pa. , Feb. 8, 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...

24 days ago - PRNewsWire

Hershey Reports Fourth-Quarter and Full-Year 2023 Financial Results; Provides 2024 Outlook

HERSHEY, Pa. , Feb. 8, 2024 /PRNewswire/ -- The Hershey Company (NYSE: HSY) today announced net sales and earnings for the fourth quarter and full-year ended December 31, 2023.

24 days ago - PRNewsWire

Hershey Webcast Presentation at 2024 CAGNY Conference

HERSHEY, Pa. , Feb. 5, 2024 /PRNewswire/ -- The Hershey Company (NYSE: HSY) announced today that it will make a presentation at the 2024 Consumer Analyst Group of New York (CAGNY) conference in Boca R...

27 days ago - PRNewsWire

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Snacks Are Pricey, but We Just Keep Eating

Carrefour and PepsiCo bicker over price increases but many food companies raised prices as inflation rose with limited damage to sales volume.

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7 weeks ago - Barrons

Hershey to Webcast Fourth-Quarter Conference Call

HERSHEY, Pa. , Jan. 5, 2024 /PRNewswire/ -- The Hershey Company (NYSE:HSY) announced today that it will release its fourth-quarter sales and earnings results on Thursday, February 8, 2024, and hold a ...

2 months ago - PRNewsWire

Ozempic and other weight-loss drugs' popularity set these stocks up for big gains

Investors have such high hopes for popular weight-loss medications like Wegovy and Ozempic, the wonder drugs have sent shock waves through the stock market.

2 months ago - Market Watch

New Hershey's Kisses Milk Chocolates with Snoopy & Friends Foils Inspire Sweet Connections this Valentines Day

Plus, new and returning seasonal favorites join the Hershey Valentine's Day lineup HERSHEY, Pa. , Jan. 3, 2024 /PRNewswire/ -- Hershey is here to help you show a little affection this Valentine's Day!

2 months ago - PRNewsWire

Florida woman sues Hershey for $5M over ‘misleading' Reese's packaging that ‘trick' customers

Cynthia Kelly, of Tampa, is suing The Hershey Company for $5 million for "tricking" customers with "misleading" packaging on Reese's that shows eyes and nose cutouts not seen on the actual candy.

2 months ago - New York Post

Choc horror: Hershey hit with $5m lawsuit over 'misleading' Halloween sweets

Chocolate giant Hershey is being sued by a disgruntled customer who said its Halloween-themed peanut butter treats didn't match the packaging.

2 months ago - Skynews

Hershey is sued over lack of artistic detail on Reese's candies

Hershey has been sued by a Florida woman who said its holiday-themed Reese's peanut butter candies lack the artistic details shown on the packaging that make them worth buying.

2 months ago - Reuters

7 Dividend Stocks to Buy as Bond Yields Fall

Colgate-Palmolive, Amgen, and others have solid records of increasing dividend payments.

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2 months ago - Barrons

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2 months ago - MarketBeat