Principal Financial Group Inc. has increased its stake in
The Hershey Company, a popular topic among analysts is whether this makes it the most profitable food stock to invest in. Amidst offering of new Halloween themed sweet treats, Cadbury-owner Mondelez is also exploring acquisition of Hershey. The company is undergoing several changes including a new president for U.S. Confection,
Michael Del Pozzo, and the philosophical shift to interim leadership under
Michele Buck. Hershey also continues to expand its portfolio by acquiring Sour Strips and yet faces some downgrades in stock due to weak consumer trends and failing to meet earnings. However, there's a positive outlook in aspects of growth, projected on better net sales and earnings in 2024 as announced in their regularly updated
financial results. Hershey has also been making contributions to community development offering access to education in Côte d'Ivoire. Despite rising costs and weak demand affecting the company, it continues to innovate by creating new products such as energy drinks and protein powders in collaboration with C4.
The Hershey Company HSY News Analytics from Sat, 24 Feb 2024 08:00:00 GMT to Fri, 20 Dec 2024 23:00:05 GMT -
Rating 4
- Innovation -3
- Information 6
- Rumor -8
