The Hershey Company reported its second-quarter 2024 financial outcomes and made updates to its net sales and earnings outlook for the year. The company's stocks have been acquired by multiple entities, such as Cetera Investment Advisers, Price T Rowe Associates Inc., Bokf Na, and Ancora Advisors LLC. However, Hershey's Q2 earnings fell short of expectations, resulting in a decrease in stock prices. Despite the setbacks, the prices were predicted to rise to $188 by JPMorgan Chase & Co and $195 by Citigroup. Stocks of the company were heavily dominated by
institutional owners, holding over 85% of shares. JPMorgan Chase & Co. predicts a surge in price to $188. Furthermore, Hershey has declared its plans for a
$1.37 quarterly dividend. Despite a decline in Q2 earnings, The Hershey Company had strong returns and continues to garner investment interest. However, the stock is considered overvalued. The brand achieved top ranks for disability equality and was selected as the U.S. media's agency of record. Additionally, efforts to reduce greenhouse gas emissions have been initiated alongside recognition for commitment to community wellbeing.
The Hershey Company HSY News Analytics from Fri, 03 Nov 2023 07:00:00 GMT to Sun, 04 Aug 2024 19:39:15 GMT -
Rating -3
- Innovation 3
- Information 7
- Rumor -2
