Profile
Sector:
Consumer DefensiveIndustry:
ConfectionersCountry:
United StatesIPO:
17 March 1980Website:
http://www.thehersheycompany.comNext earnings report:
26 July 2024Last dividends:
16 May 2024Next dividends:
N/APrice
after hours | Wed, 03 Jul 2024 20:48:52 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
HSY Latest News
HERSHEY, Pa. , July 1, 2024 /PRNewswire/ -- The Hershey Company (NYSE: HSY) announced today that it will release its second-quarter sales and earnings results on Thursday, August 1, 2024, and hold a conference call with analysts at 8:30 a.m.
Hershey Co. controls approximately 100 different brands and an estimated 36% of the domestic chocolate market. The company continues to spend on marketing to protect existing brands, as well as invest in R&D. It has also used this commanding lead to bolster other areas of the business and broaden out into complementary salty snacks. Hershey has already increased its dividend for 15 consecutive years. The 10-year dividend growth rate is 9.4%, which is already pretty strong, but there's actually been an acceleration in dividend growth of late.
In the most recent trading session, Hershey (HSY) closed at $182.73, indicating a -0.17% shift from the previous trading day.
Cocoa prices have been soaring this year, hitting record highs and causing headaches for candy companies. While hedging contracts protect the likes of Hershey and Mondelez for now, high cocoa prices could change how they think about innovation.
Hershey (HSY) undertakes strategic pricing initiatives to improve its performance. The company regularly brings innovation to its core brands to meet consumer demand.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Hershey (HSY) have what it takes?
In the latest trading session, Hershey (HSY) closed at $190.61, marking a -0.27% move from the previous day.
Outlines Progress and Future Ambitions Across its Sustainability Priorities HERSHEY, Pa. , June 4, 2024 /PRNewswire/ -- Hershey (NYSE: HSY) today announced the release of its 2023 Environmental, Social and Governance (ESG) Report, sharing progress towards business resilience and impact in its material priorities.
The Hershey Company's dividend yield has surged to almost 2.8%, among the highest levels in at least 10 years. And the company's dividends are safe, too. But limited growth potential is expected due to high payout ratios, increased debt levels, and profit headwinds. Its current P/E is close to the Graham P/E and does not properly price in the above risks in my view.
Hershey has shown resilience in the face of challenges such as cocoa price hikes and inflation, outperforming the S&P 500 for many years. The company has strong brand recognition and pricing power, which contribute to its consistent demand and profitability. With an attractive valuation and a solid dividend growth track record, Hershey offers potential annual returns of 9-11% for long-term investors.
What type of business is Hershey?
The Hershey Company is an American company specializing in the production of confectionery products. The Hershey Company is one of the leaders in the production of chocolate, chocolate bars, chewing gum, and other sweets. The company distributes its products under more than 80 brand names in approximately 85 countries around the world. It was founded in 1894, with its headquarters located in Hershey, Pennsylvania. Hershey's main products include chocolate and non-chocolate confectionery; refreshing products such as chewing gum and mints; snacks such as popcorn, protein bars, and cookies, as well as meat snacks; and buffet items such as baking ingredients, fillings, and beverages. Chocolate brands include Hershey's, Reese's, and Kisses, confectionery brands include Jolly Rancher, Almond Joy, Brookside, Kit Kat, and others. Premium chocolate brands include Scharffen Berger and Dagoba. Chewing gum and mint products are sold under the brands Breathsavers and Bubble Yum.
What sector is Hershey in?
Hershey is in the Consumer Defensive sector
What industry is Hershey in?
Hershey is in the Confectioners industry
What country is Hershey from?
Hershey is headquartered in United States
When did Hershey go public?
Hershey initial public offering (IPO) was on 17 March 1980
What is Hershey website?
https://www.thehersheycompany.com
Is Hershey in the S&P 500?
Yes, Hershey is included in the S&P 500 index
Is Hershey in the NASDAQ 100?
No, Hershey is not included in the NASDAQ 100 index
Is Hershey in the Dow Jones?
No, Hershey is not included in the Dow Jones index
When does Hershey report earnings?
The next expected earnings date for Hershey is 26 July 2024