The Hershey Company (NYSE:HSY) currently has an average 'hold' rating from analysts. It has recently been the recipient of new investment from various companies, including Oxford Financial Group Ltd. LLC and Auxier Asset Management. Despite an overvaluation claim, the stock retains lucrativeness, backed by consistent pricing actions and innovations. Investors have been heavily searching for Hershey due to its strong institutional ownership and dividends. The company's strategy, as per the SWOT insight, shows strength in terms of automation, a robust Earnings Per Share (EPS), and continual declaration of dividends. While there's significant increase in automation, potential job losses are acknowledged. Q1 2024 reporting shows positive price realization aiding earnings. Hershey is reported to be settling at a higher intrinsic value than its current share price. However, a reduction in stock by some insiders alludes to possible weakness. Hershey aims to emerge stronger from the cocoa crisis, yet weak outlook following earnings report results in a share price drop. Despite these, Hershey has been named among Forbes' Best-in-State Employers for 2023. Its strong Q1 consolidated net sales surged by 8.9% amid rising costs. However, downgrading to a hold based on the outlook occurred as well.
The Hershey Company HSY News Analytics from Tue, 22 Aug 2023 07:00:00 GMT to Sun, 16 Jun 2024 11:40:39 GMT -
Rating -5
- Innovation 7
- Information 10
- Rumor 3
