The **Hershey Company** NYSE:HSY) has become a focal point of investment interest in the current financial landscape. The company remains a solid choice for **dividend growth** and **steady growth** owing to its robust financial performance and strong **returns on capital**. A notable development is the company's new president, **Michael Del Pozzo**, an appointment aimed at sustaining U.S growth. Hershey, despite facing high cocoa prices, is looking for ways to manage this, with an **intrinsic calculation** suggesting the company’s stock may be **37% undervalued**. Institutional owners heavily dominate the company with a **86% ownership**. Hershey's **Q1 2024 results** have been reaffirmed but, unfavorable cocoa inflation and market shifts have led to a drop in Q2 sales targets. However, Hershey seems technologically innovative, turning its candy into energy drinks and protein powders, and increasing automation. While factors like high commodity costs and soft demand have led to an earnings slump, the company remains optimistic, consistently declaring quarterly dividends. Recognitions like ranking No.1 on Fair360's 2024 Top 50 Companies List and the CIVIC 50 underline Hershey's commitment to community well-being
The Hershey Company HSY News Analytics from Fri, 15 Dec 2023 18:13:59 GMT to Sat, 05 Oct 2024 12:22:00 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor 3
