Hershey Company (HSY) has been trending lately due to several influential factors. Natixis Advisors L.P. and several other holdings reduced their stakes in HSY, while the National Pension Service and Merit Financial Group LLC have increased theirs. HSY beat EPS estimates by 43%, reported higher Q1 sales and profit, and foresees Q2 2024 earnings of $1.34 per share. Pushing boundaries, Hershey also innovates vegan chocolate in Canada. Songs of Praise for HSY's strong institutional backing with an 85% ownership to institutions and praises for dividends payment ($1.37). HSY is also considered undervalued by about 22-23% and shows robust Q1 results with 8.9% of sales growth. On another note, HSY also faces setbacks as their stock price dropped over 20% in the past 6 month, faces a potential cocoa crisis, and acknowledges potential job losses due to increasing automation. They have been recognized by Forbes as one of America's best-in-state employers for 2023. Despite a concern over chocolate inflation, investors are still bullish over HSY's Q1 earnings.
The Hershey Company HSY News Analytics from Tue, 11 Jul 2023 07:00:00 GMT to Fri, 10 May 2024 10:53:19 GMT -
Rating 7
- Innovation 2
- Information 9
- Rumor 5
