The Hershey Company [HSY] has scooped numerous recognitions, such as topping Fair360's list of top companies and being named in the Civic 50.
Investor interest remains heightened with significant shares purchased by entities like Janney Montgomery Scott LLC, Moran Wealth Management LLC, and M&G Investment Management Ltd. The company's stock is considered a lucrative investment with a strong institutional backing of 87%. The
Q2 earnings and sales surpassed expectations and they reaffirmed their
net sales and earnings outlook for 2024. The company beat the earnings per share (EPS) estimates by 43%, and it appears to be a top dividend stock with a declared quarterly dividend of $1.37. Amidst these positives, the company also acknowledged potential job losses owing to automation increases. The company has reported
increased Q1 sales and profit, and there are expectations of Hershey's earnings to continue outpacing the industry average. Despite a 24% drop, stock experts anticipate a 30% upside. However, others warn that the company appears overpriced. The company's successful Q1 saw consolidated net sales rise by 8.9%, and it declared the same dividend amount in the third quarter.
The Hershey Company HSY News Analytics from Tue, 11 Jul 2023 07:00:00 GMT to Thu, 16 May 2024 19:10:47 GMT -
Rating 7
- Innovation -3
- Information 6
- Rumor 1
