The Hershey Company (HSY)
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 Declines 10% From 52-Week High: Will the Stock Rebound?
Though HSY is dealing with rising input costs, shrinking margins and increased price sensitivity in its chocolate segment, it still holds long-term potential.
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 sales and margin compression.
Hershey (HSY) Stock Drops Despite Market Gains: Important Facts to Note
Hershey (HSY) reachead $193.34 at the closing of the latest trading day, reflecting a -0.92% change compared to its last close.
1 Dividend Growth Stock Down 25% to Buy Right Now
Hershey shares are down more than 25% from their 2023 highs. The confectionery company is facing rising cocoa prices and the potential threat from a new class of weight loss drugs.
Best Stock to Buy Right Now: Kraft Heinz vs. Hershey
Kraft Heinz stock is trading 20% below its three-year high-water mark. Shares of Hershey have fallen more than 25% from their three-year highs.
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 dissipate. The stock, however, is fairly priced, and downside risk remains limited for shareholders with a long-term investment horizon.
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 prices reached record highs.
Hershey (HSY) Falls More Steeply Than Broader Market: What Investors Need to Know
In the most recent trading session, Hershey (HSY) closed at $197.63, indicating a -0.83% shift from the previous trading day.
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. But the US consumer economy's continued resilience along with softening inflation and impending rate cuts can stabilize demand for Hershey going forward. Despite a price rise in recent months, its forward P/E continues to look good too.
3 Reasons to Buy Hershey Stock Like There's No Tomorrow
Hershey stock looks historically cheap today while offering an above-average dividend yield. Its earnings have been complicated by an upgrade to its distribution system.
