Cadbury-owner Mondelez exploring Hershey acquisition, Bloomberg News reports
Cadbury-parent Mondelez International is exploring the acquisition of chocolate maker Hershey , Bloomberg News reported on Monday, citing people familiar with the matter.
Hershey Stock Sinks, Rising Costs and Weak Demand Take a Toll
HSY is battling declines due to slowing consumer demand, increased costs and shifting shopping habits.
HSY Stock Down 11% in 3 Months: What Should Investors Do Next?
HSY is facing a difficult business landscape, with rising cocoa prices and a stretched consumer base leading to continued pressure on its overall performance.
2 Sweet Dividend Stocks to Buy to Satisfy Your Craving for Passive Income
Americans certainly have a sweet tooth. We consume about 17 teaspoons of added sugar daily , about five more than our recommended allotment.
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, Hershey faces challenges like stagnant earnings growth, shifting consumer preferences, and soaring cocoa prices. To mitigate risks, consider a diversified approach, including potential hedging with GLP-1 drugmakers like Novo Nordisk and Eli Lilly.
Kraft and Hershey Stock Have Been Dropping. It Isn't About RFK.
Evercore warns that many packaged food companies are losing market share.
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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 with long-term growth potential, making them appealing for income-focused investors looking for value after the sell-off. With their reliable cash flow and defensive characteristics, these dividend picks are poised to deliver steady returns, even in uncertain markets.
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These quality businesses currently offer dividend yields of 3% or better.
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.
HSY Down on Q3 Earnings Miss, View Cut Amid Weak Consumer Trends
The Hershey Company's Q3 results reflect lower net sales and earnings amid a challenging consumer environment and high cocoa prices.
Hershey's falls to 3yr low after cutting sales and earnings guidance
Shares in Hershey Company (NYSE:HSY, ETR:HSY) melted to a three-year low after the maker of chocolate Kisses, Reese's Pieces and KitKats cut its guidance for the year due to record cocoa prices and what it said is a "challenging" consumer environment. Net sales for the third quarter of 2024 came in at just below $3 billion, down 1.4% on a year ago and missing the Wall Street average forecast of $3.07 billion.
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 Executive Officer Steve Voskuil - Senior Vice President & Chief Financial Officer Conference Call Participants Ken Goldman - JPMorgan Andrew Lazar - Barclays Peter Galbo - Bank of America Alexia Howard - Bernstein Robert Moskow - TD Cowen Michael Lavery - Piper Sandler Tom Palmer - Citi Max Gumport - BNP Paribas David Palmer - Evercore ISI Chris Carey - Wells Fargo Securities Leah Jordan - Goldman Sachs Rob Dickerson - Jefferies Operator Greetings, and welcome to the Hershey Company Third Quarter 2024 Earnings Q&A session. At this time, all participants are in a listen-only mode.
