Hershey (HSY) Stock

HSY is dealing with a tough business environment, as increasing cocoa prices and a limited customer base are putting ongoing strain on its overall performance.

Americans definitely enjoy sweets. On average, we eat around 17 teaspoons of added sugar each day, which is about five teaspoons more than what is recommended.

Hershey has a strong brand and good pricing ability, making it an appealing choice for investors who want stable dividends during tough market times. However, the company is dealing with issues such as slow earnings growth, changing consumer tastes, and rising cocoa costs. To reduce risks, it might be wise to diversify your investments and consider including companies like Novo Nordisk and Eli Lilly, which produce GLP-1 drugs.

Evercore has cautioned that several packaged food companies are experiencing a decline in their market share.

Following a recent drop in the market, two top dividend stocks have caught attention. Their solid fundamentals and ability to bounce back present a great opportunity for buying after earnings reports. These stocks not only offer good yields but also have the potential for long-term growth, making them attractive for investors seeking value after the decline.

These high-quality companies are currently providing dividend yields of 3% or more.

HERSHEY, Pa., Nov. 8, 2024 /PRNewswire/ -- The Hershey Company (NYSE: HSY) has announced that it has purchased Sour Strips, a rapidly expanding sour candy brand known for its strong social media following.

Hershey Co. (HSY) announced on Thursday that its third-quarter results were below expectations due to rising cocoa prices and decreased consumer spending. The company also revised its forecasts for sales and earnings for the year.

The Hershey Company's results for the third quarter show a decrease in net sales and profits due to a tough market for consumers and rising cocoa prices.