The Hershey Company (HSY) has been identified as a strong dividend stock for steady growth. The company recently released its 2023 ESG report. Despite increasing cocoa inflation, Hershey's price hikes may not keep pace. Fair360's 2024 Top 50 Companies List crowned Hershey as No.1. A 37% undervaluation of Hershey's intrinsic value is suggested. Short interest in the company surged by 31.8% while its share price experienced a potential 40% discount. The company is heavily favoured by institutional owners with a control of 86% of the shares. In the face of financial results for Q1 and Q2 2024, Hershey reaffirmed its earnings and sales outlook. Issues of ROE surpassing industry average have been brought up, and Hershey's products and share price discrepancy was also discussed. The company has selected Publicis' 'MiltonONE' as its agency of record for US media. The company's Q1 earnings were boosted by positive price realization and it topped the shelf-stable food earnings in Q1. However, Hershey has been facing headwinds and debt concerns, succumbing to struggles and a potential fall in stock prices.
The Hershey Company HSY News Analytics from Thu, 26 Oct 2023 07:00:00 GMT to Sun, 01 Sep 2024 13:19:00 GMT -
Rating 2
- Innovation 0
- Information 6
- Rumor -6
