The Hershey Company (HSY) has experienced mixed recent developments. Evexia Wealth LLC and Healthcare of Ontario Pension Plan Trust Fund sold their HSY shares, and there were layoffs reported. However, the company was recommended as a 'Blue-chip Stock to Buy at 52-Week Lows', had institutional owners who favored the company making up 86% of shareholders, and declared dividends. Reports showed HSY introducing new Halloween products and turning its candies into energy drinks and protein powders with C4. While Insight Wealth Strategies LLC and Franklin Street Advisors Inc. acquired considerable shares, concerns remain around a weakened profit margin due to cost pressures. Despite rating favorably on Fair360's 2024 Top 50 Companies List, the profit was reported as the worst in 7 years due to surging cocoa prices. In a leadership shuffle aiming for U.S. growth, Michael Del Pozzo was named President of U.S. Confection. The company also reported up-to-date financial results and the 2024 outlook. Shelf-stable food stocks Q2 Recap benchmarked Hershey, raising questions about its stock performance.
The Hershey Company HSY News Analytics from Fri, 15 Dec 2023 18:13:59 GMT to Sat, 12 Oct 2024 15:48:04 GMT -
Rating 4
- Innovation 3
- Information 7
- Rumor -3
