The Hershey Company (HSY) continues to attract attention in the market. Despite frequent trading, with shares being sold and bought by various entities including
Entropy Technologies,
Beacon Financial Group, and
Stonebridge Financial Group, the institutional ownership remains high at 86-89%. The company's stake in maintaining its leadership is often questioned, with its share price being a topic of speculative discussion among experts. Some analysts, like
Jim Cramer, consider the stock's existing valuation high and recommend waiting for a price drop. Amid fluctuating cocoa prices that affect the cost of production, Hershey continues to maintain a consistent dividend payout, with the latest being $1.37. The stock has recently garnered the spotlight due to a potential takeover by
Mondelez. Internally, Hershey witnessed leadership changes, including the exit of the U.S. Confection President and the appointment of Michael Del Pozzo in the same role. The firm is seemingly proactive in diversifying its portfolio, with the acquisition of Sour Strips and innovative spring treats for Easter. Earnings, though missed analyst expectations, did not seem to heavily weather its overall market performance.
The Hershey Company HSY News Analytics from Tue, 04 Jun 2024 07:00:00 GMT to Sat, 15 Feb 2025 20:45:43 GMT -
Rating 2
- Innovation -4
- Information 6
- Rumor -3
