Hershey (HSY) Stock Price, News & Analysis

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hershey in the last year. There are currently 1 sell rating, 14 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" HSY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HSY, but not buy additional shares or sell existing shares.
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20 brokerages have issued 1 year price objectives for Hershey's shares. Their HSY share price targets range from $179.00 to $310.00. On average, they anticipate the company's stock price to reach $223.33 in the next year. This suggests a possible upside of 22.4% from the stock's current price.
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Hershey's stock was trading at $186.44 on January 1st, 2024. Since then, HSY shares have decreased by 2.1% and is now trading at $182.45.
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Hershey saw a increase in short interest in March. As of March 31st, there was short interest totaling 4,300,000 shares, an increase of 14.4% from the March 15th total of 3,760,000 shares. Based on an average daily trading volume, of 2,010,000 shares, the days-to-cover ratio is currently 2.1 days.
View Hershey's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024.
View our HSY earnings forecast.

Hershey will be holding an earnings conference call on Friday, May 3rd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13742415".

The Hershey Company (NYSE:HSY) released its earnings results on Thursday, February, 8th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.07. The company earned $2.66 billion during the quarter, compared to analyst estimates of $2.72 billion. Hershey had a trailing twelve-month return on equity of 51.79% and a net margin of 16.67%. The company's quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the business posted $2.02 EPS.
Read the conference call transcript.

Hershey declared a quarterly dividend on Wednesday, February 7th. Stockholders of record on Tuesday, February 20th will be paid a dividend of $1.37 per share on Friday, March 15th. This represents a $5.48 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Friday, February 16th. This is a positive change from the stock's previous quarterly dividend of $1.19.
Read our dividend analysis for HSY.

Hershey (NYSE:HSY) pays an annual dividend of $5.48 per share and currently has a dividend yield of 3.00%. The company has been increasing its dividend for 15 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 60.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HSY will have a dividend payout ratio of 54.75% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HSY.

ETFs with the largest weight of Hershey (NYSE:HSY) stock in their portfolio include First Trust Nasdaq Food & Beverage ETF (FTXG), AdvisorShares Focused Equity ETF (CWS), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV), Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS), Freedom Day Dividend ETF (MBOX), Invesco Bloomberg Analyst Rating Improvers ETF (RYJ) and Harbor Dividend Growth Leaders ETF (GDIV).

Hershey updated its FY24 earnings guidance on Tuesday, February, 20th. The company provided earnings per share (EPS) guidance of $9.59 for the period, compared to the consensus earnings per share estimate of $9.60. The company issued revenue guidance of $11.39-$11.50 billion, compared to the consensus revenue estimate of $11.48 billion.

208 employees have rated Hershey Chief Executive Officer Michele Buck on Glassdoor.com. Michele Buck has an approval rating of 89% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Hershey investors own include Johnson & Johnson (JNJ), Walt Disney (DIS), AT&T (T), NVIDIA (NVDA), Verizon Communications (VZ), Chevron (CVX), Procter & Gamble (PG), Coca-Cola (KO), Walmart (WMT) and Cisco Systems (CSCO).

Hershey's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Confluence Investment Management LLC (0.09%), Global Assets Advisory LLC (0.02%), Wealth Enhancement Advisory Services LLC (0.02%), West Coast Financial LLC (0.02%), Congress Asset Management Co. MA (0.02%) and Beese Fulmer Investment Management Inc. (0.02%). Insiders that own company stock include Charles R Raup, Christopher M Scalia, Hershey Trust Co, Hershey Trust Co Trustee In Tr, James Turoff, Jason Reiman, Jennifer Mccalman, Kristen J Riggs, Michele Buck, Pamela M Arway, Pamela M Arway, Robert Malcolm, Rohit Grover and Steven E Voskuil.
View institutional ownership trends.

Shares of HSY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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