The Hershey Company (HSY) has been the topic of notable financial news recently. This profitable food stock has recently made several acquisitions, including Sour Strips, expanding its sweets portfolio. Despite missing projections,
HSY reported its
Q3 2024 earnings, which attracted the attention of
institutional investors who already hold 86% of the company.
Alongside these developments,
Hershey debuted first-ever seasonal shape Kit Kats and has appointed Michael Del Pozzo as the President of U.S. Confection. However, it faces setbacks such as Q3
earnings miss and sales outlook cuts amid weak consumer trends.
Hershey was also in the news for high levels of banned PFAS detected in its packaging.
Furthermore, the company ranks No.1 on
Fair360's 2024 Top 50 Companies List and has expanded access to education through school inaugurations in Côte d'Ivoire. Concerningly, the company recently laid off workers, and its Q3 earnings were sour due to high cocoa costs. Despite these challenges, several investment firms continue to increase their stake in HSY. The company's hedge fund sentiment remains bullish.
The Hershey Company HSY News Analytics from Tue, 16 Apr 2024 07:00:00 GMT to Sat, 23 Nov 2024 13:43:55 GMT -
Rating -1
- Innovation 3
- Information 6
- Rumor -4
