The Hershey Company (HSY) has been making significant move in the business with updates from
Independent tests revealing PFAS in its packaging, nomination of
Michael Del Pozzo as President of U.S. Confection, to being a favored stock by institutional owners who hold 86% of the company, boosting its stake by investors like
Raymond James & Associates and an increased stock position by
Stratos Wealth Partners LTD. Hershey also introduced new Halloween treats and released a 2023
ESG report, whilst continuing to offer dividends. Despite facing criticism for lay-off, Hershey managed to top Fair360's 2024 Top 50 companies list. Part of the attractiveness of Hershey for investors is the company's regular dividend payments - with an upcoming dividend of US$1.37. Further, despite its high valuation, Hershey is maintaining strong returns. However, concerns remain regarding the reported high levels of banned PFAS in Hershey's packaging and the potential implications associated with it. Additionally, significant cocoa price increase has affected the company's profit, leading to the worst profit in seven years. Yet, the restructuring and automation within the company signals future growth and increased efficiencies.
The Hershey Company HSY News Analytics from Thu, 08 Feb 2024 08:00:00 GMT to Thu, 24 Oct 2024 11:04:59 GMT -
Rating -2
- Innovation 1
- Information 6
- Rumor 3
