Hershey Stock Downgraded on Cocoa Inflation
Even with Halloween fast approaching, Citigroup is staying away from Hershey Co (NYSE:HSY).
This Hershey Analyst Turns Bearish; Here Are Top 5 Downgrades For Tuesday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Hershey Is Battling Cocoa Inflation. Why Citi Says It Will Be Hard to Win.
Citi analysts downgrade shares of the confectionery company to Sell from Neutral.
2 High-Yield Dividend Stocks to Buy Hand Over Fist
Hershey is a timeless brand and its shares offer the best value to investors in years. UPS is offering its highest yield in history and expects to pay $5.4 billion in dividends to shareholders this year.
Hershey: Challenging Macroeconomic Environment, But We Don't Recommend Selling It
Hershey stock was rated bullish until March 2024, then downgraded to neutral due to declining sales and concerns about overvaluation. Quarterly results showed a 16.7% decline in sales, with poor consumer confidence, increasing accounts receivable, and high inventory levels raising concerns about future profitability. Despite overvaluation concerns, HSY's strong brand, dividend history, and potential interest rate cuts justify a current neutral rating.
Why Hershey's Current Struggles Are Sweet
Hershey is one of the few stocks I bought in the TTM. Hershey stock has seen a severe pullback but may be bottoming out, with a focus on cocoa and sugar prices. Despite a miss in Q2 earnings, Hershey's stock did not plunge, showing potential resilience in the face of challenges.
Headwinds Are Piling Against Hershey
Hershey's long-term history shows resilient revenue growth and greatly improving, high margins. A multitude of headwinds is now piling against Hershey, including shifts in inflation, the cocoa price surge, ERP implementation, and many other notable headwinds. Hershey is well positioned to resist against most of the headwinds, and as such, has a reasonable margin of safety to the stock valuation.
1 Magnificent S&P 500 Dividend Stock Down 28% to Buy and Hold Forever
Hershey stock fell last year over higher costs and weak sales trends. It sells dozens of brands in the $133 billion confectionary market.
3 Magnificent Dividend Stocks to Buy That Are Near 52-Week Lows
Macroeconomic headwinds are pressuring financial results at leading consumer goods companies. Shares of Kraft Heinz, Hershey, and Starbucks are all down 30% or more from their previous highs.
Hershey cuts yearly guidance, profit after steep 17% drop in sales
The candy and snack company blamed a pullback in consumer spending amid sticky inflation for its struggling sales.
Hershey (HSY) Stock Down on Q2 Earnings Miss & Lowered View
Hershey's (HSY) Q2 results reflect lower net sales and earnings on lower demand as consumers continue to reduce discretionary spending. Management lowers the 2024 view.
The Hershey Company (HSY) Q2 2024 Earnings Call Transcript
The Hershey Company (NYSE:HSY ) Q2 2024 Earnings Conference Call August 1, 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 Alexia Howard - Bernstein Bryan Spillane - Bank of America David Palmer - Evercore ISI Max Gumport - BNP Paribas Tom Palmer - Citi Robert Moskow - TD Cowen Jim Salera - Stephens Michael Lavery - Piper Sandler Chris Carey - Wells Fargo Rob Dickerson - Jefferies Stephen Powers - Deutsche Bank Operator Greetings, and welcome to The Hershey Company's Second Quarter 2024 Earnings Question-and-Answer Session. [Operator Instructions] As a reminder, this conference is being recorded.
