The Hershey Company (HSY) is seeing a strong support from institutional owners who hold 85-87% of the company. The company continues to show promising results, beating the estimated Earnings Per Share (EPS) by 43% and declaring dividends of $1.37. However, increasing automation and the rising cost of raw materials creates some uncertainty for the labor market and profitability. On the innovation front, Hershey has ventured into vegan chocolate in Canada and delivered solid Q1 results with positive price realization, signaling operational efficiency and growth. The bullish sentiment among investors is noted, although concerns of chocolate inflation exist. In spite of these, Hershey is expected to earn Q3 2024 earnings of $1.34 per share, and the company stock is deemed a lucrative investment. Notably, some analysts argue the stock's now overvalued and that getting in cheap is unlikely. In contrast, others see a sweet deal with a 30% upside or a stock undervalued by 23%. Amid all, Hershey is recognized as one of America's Best-in-State Employers for 2023, and is anticipated to emerge stronger, even in the face of potential cocoa crisis.
The Hershey Company HSY News Analytics from Tue, 11 Jul 2023 07:00:00 GMT to Sun, 12 May 2024 10:46:03 GMT -
Rating 6
- Innovation 5
- Information 8
- Rumor 4
