Hershey has seen many changes recently, including appointing Michael Del Pozzo as President of U.S. Confection, substantial purchases of Hershey shares by various management firms, and a leadership update which aimed to stimulate U.S based growth. The company has also released its 2023 ESG report and obtained a high position on Fair360's 2024 Top 50 Companies list, reflecting its commitment to responsible business practices. Despite these positives, Hershey's stock is said to be overvalued by 40% and has been subject to increased short interest. Still, Q1 2024 earnings exceeded expectations and the company declared quarterly dividends. Although Hershey is increasing automation and potentially costing jobs, the company also empowering the youth through development initiatives. Recent product launches include special Halloween treats and the limited-edition Kit Kat® Pink Lemonade Flavored Bar. Concerns over cocoa inflation and potential metals in Hershey's dark chocolate have been handled responsively, and the company maintains a favorable long-term outlook. Despite recent stock price dips, many consider the company's struggles a positive indication for future growth and profit.
The Hershey Company HSY News Analytics from Thu, 26 Oct 2023 07:00:00 GMT to Sun, 08 Sep 2024 10:23:40 GMT -
Rating 7
- Innovation 3
- Information 2
- Rumor -2
