One CEO is trading burgers for chocolates.
Kirk Tanner joins the Reese's Peanut Butter Cups maker as it navigates higher tariff-related costs and still-high cocoa prices amid growing uncertainty around consumer spending.
Wendy's CEO Kirk Tanner has been named the new chief executive of The Hershey Company. Tanner will replace Michele Buck, who is retiring after almost 20 years at Hershey, including almost eight as CEO.
Hershey (HSY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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Hershey Co will remove synthetic dyes from its snacks by the end of 2027, Bloomberg News reported on Monday, making it the latest in a growing list of companies seeking to align with directives from U.S. health authorities.
In the closing of the recent trading day, Hershey (HSY) stood at $171.45, denoting a +1.02% move from the preceding trading day.
HSY leans on demand shaping and pricing strategy to ease elevated cocoa and tariff costs.
Dividend Yield Theory signals Hershey is undervalued, with current yield well above its historical mean, suggesting strong long-term total return potential. Despite recent earnings declines and headwinds from high cocoa prices, tariffs, and manufacturing costs, Hershey's fundamentals remain robust for dividend investors. Hershey's dividend is well-covered by cash flow, with strong ROIC, payout ratio, and dividend growth rates reinforcing its blue-chip status.
In the latest trading session, Hershey (HSY) closed at $169.12, marking a -1.74% move from the previous day.
Hershey is a quality international consumer staple sector company with an "A" S&P credit rating and 15 years of paying a rising dividend. It rarely has a dividend yield over 3% which it easily does now. Despite earnings dip for 2025 and issues with consumer healthy tastes, the company continues to meet the demand with new "Better For You" products.
Hershey shares have pulled back to attractive levels due to cocoa price spikes, tariffs, and higher interest rates, creating a solid entry point for long-term investors. Cocoa price volatility is a major headwind for 2025 but I don't see it impacting the firm's longer-term trajectory. Hershey faces meaningful but not unmanageable risk from tariffs.