Latest news with #HSY
Yahoo
2 days ago
- Business
- Yahoo
Hershey Likely to Post Strong Quarterly Results But Tariffs Expected to Weigh on Guidance, RBC Says
Hershey (HSY) is expected to report second-quarter results above market expectations amid strong con Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
What Makes The Hershey Company (HSY) a Stable Food Dividend Stock?
The Hershey Company (NYSE:HSY) is included among the 10 Best Food Stocks with Dividends. A close-up of hands deftly moulding a bar of chocolate. The Hershey Company (NYSE:HSY) is a well-known consumer staples company primarily recognized for its confections and snacks. While the company has broadened its product range to include items like popcorn and pretzels, chocolate remains one of its core offerings. Seen as an affordable indulgence, Hershey's chocolate continues to be highly popular, driving steadily increasing sales over time. The Hershey Company (NYSE:HSY) recently revealed it will increase prices for the second time in just over a year, attributing the hike to ongoing high cocoa costs that will lead to a double-digit rise in candy prices. While cocoa prices have dropped from their record high of $12,000 per metric ton, they still trade above $8,000 per metric ton. Many analysts expect these elevated prices to persist in the near term, largely due to last year's adverse weather conditions in Western Africa. The Hershey Company (NYSE:HSY) is also a strong dividend payer, having raised its payouts for 15 consecutive years. The company offers a quarterly dividend of $1.37 per share and has a dividend yield of 2.93%, as of July 27. While we acknowledge the potential of HSY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Wall Street Journal
22-07-2025
- Business
- Wall Street Journal
Hershey Lifts Candy Prices, Citing High Cocoa Costs
Inflation isn't finished with your chocolate bar. Hershey HSY 2.79%increase; green up pointing triangle is raising prices on its candy, a company official said, in response to continued high cocoa costs.
Yahoo
22-07-2025
- Business
- Yahoo
Hershey to raise prices on its chocolates owing to high cocoa costs
(Reuters) -Hershey (HSY) said on Tuesday it has told retailers that it would be raising prices on its candies due to a surge in costs of cocoa, the key ingredient for its products. "This change is not related to tariffs or trade policies. It reflects the reality of rising ingredient costs including the unprecedented cost of cocoa," a company spokesperson told Reuters. Hershey did not clarify the extent of price increases and which products will be impacted. Cocoa prices have risen sharply in the last two years due to supply problems in Ghana and the Ivory Coast, touching a record in December. Since then, the price of cocoa has fallen to an eight-month low, though it remains elevated above levels from earlier in the decade. Bloomberg was the first to report the company was implementing a roughly double-digit price increase. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
09-07-2025
- Business
- Business Insider
The Hershey Company Stock (HSY) Slips on New CEO Choice
The Hershey Company (HSY) stock was down on Tuesday after it named Kirk Tanner as its next CEO. Tanner, the current President and CEO of Wendy's (WEN), will take over as the CEO of Hershey on August 18. Tanner also previously served in leadership roles at Pepsi (PEP). Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Tanner will replace current Hershey CEO Michele Buck, whose departure was announced earlier this year. Tanner is set to leave Wendy's on July 18, with Chief Financial Officer Ken Cook taking over as interim CEO. The burger chain will also conduct a search for a permanent replacement. While Buck is retiring after her seven-year tenure at Hershey, she will stick around to ensure a smooth transition when Tanner takes over. This will have her serving in a senior advisory capacity to the new CEO. Buck said she is 'thrilled to see Kirk step into the role and look forward to working closely to help him onboard as he makes the transition to Hershey.' Hershey Stock Movement Today While Buck is excited about retirement and Tanner taking over, investors aren't as confident. As a result, shares of HSY stock were down 1.77% today, as the news rattled shareholders' confidence. HSY stock is a bit of a mixed bag, with a 3.73% increase year-to-date but a 3.94% drop over the past 12 months. Recent analyst coverage of HSY stock includes a Sell rating and $120 price target, implying a possible 30.09% downside, from four-star Piper Sandler analyst Michael Lavery. Is Hershey Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for Hershey is Hold, based on 12 Hold and two Sell ratings over the past three months. With that comes an average HSY stock price target of $160.85, representing a potential 6.3% downside for the shares.
