In a review of recent corporate news, The Hershey Company (HSY) garners significant attention from investors, as evidenced by its heavyweight role in institutional portfolios (85-87% ownership). The firm enjoys a high ranking on Fair360's 2024 Top 50 Companies list. Financially, company stood strong in 2024, affirming its net sales and earnings outlook. HSY reveals a potentially undervalued stock, with intrinsic value reportedly 23-29% higher than its share price.
Notably, the business is placing a strategic emphasis on analytics & automation, a move which may result in some job losses. The push for innovation was noted by analysts as key for the company's success in 2024, with a sour ending to 2023 lending credence to this claim. The introduction of a new KIT KAT® flavor for summer demonstrates this innovative drive. The company's earnings have attracted favourable feedback, with quarterly dividends declared consistently and the new EPS has exceeded consensus by 43%. The stock's price however may have dented investor sentiment as some assert it's overvalued, while others see a potential 30% upside
The Hershey Company HSY News Analytics from Tue, 11 Jul 2023 07:00:00 GMT to Tue, 21 May 2024 06:10:00 GMT - Rating 5 - Innovation 0 - Information 8 - Rumor -5
