The Hershey Company (HSY)
Consumer Staples4 articles
Price chart
Why is HSY moving today?
+1.3%HSY is +1.3% today, inside the ordinary range for a session (under 3%). No stories about it reached the feed in the last 24 hours.
What this does not prove. A story on the same day is evidence of timing, not of cause: it explains a move only if it accounts for the size and the direction, and most single-stock moves carry a sector or index component too. Nothing here is a forecast.
Source: Yahoo Finance - quote as of 12 hours ago
The Hershey Company (HSY) overview
The Hershey Company is a leading North American chocolate and confection maker.
HSY is a member of the S&P 500. It sits in the Consumer Staples sector. That sector covers food, beverage and household-goods companies that tend to hold up in any economy.
The Hershey Company trades on the NYSE under the ticker symbol HSY. The most recent market data puts the share price at about $170.83. That is up 1.27% on the session. At that price the company is worth roughly $34.32B.
Over the past 52 weeks, HSY has traded between $156.16 and $239.48. Shares change hands at a trailing price-to-earnings (P/E) ratio of about 23.3. The P/E ratio sets the share price against a year of earnings. A higher number means the market is paying more for each dollar the company earns. HSY also pays a dividend. It yields around 3.40% at the current price.
Key statistics
Source: Yahoo Finance - quote as of 12 hours ago
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Why investors watch HSY
HSY is one of the larger names in the Consumer Staples sector, so investors follow it closely. It tends to move with the rest of the sector. This page sums up each HSY story as it breaks, and tags it bullish, bearish or neutral.
What moves HSY
- Earnings. HSY reports results four times a year. A surprise against the estimate tends to move the stock that day.
- Analyst calls. Upgrades, downgrades and new price targets change what the market expects from HSY.
- Sector news. Consumer Staples stocks often move together, so a rival's news can move HSY too.
Market Mood
Latest HSY news
Hershey (HSY) Considers Acquisition of Mondelez Opportunity
Hershey (HSY) is reportedly assessing the possibility of acquiring Mondelez. This potential move could significantly impact both companies' market positions. Although no concrete figures or timeframes have been mentioned, the acquisition would likely create a more expansive portfolio in the snacks and sweets market. Investors should note that such acquisitions can alter stock performance and investor sentiment, making it a key event to monitor.
Read More: Hershey (HSY) Considers Acquisition of Mondelez Opportunity
Hershey (HSY) Stock Price Target Cut by DA Davidson on Competition
DA Davidson has lowered its price target for Hershey (HSY) due to concerns about increasing competition in the confectionery market. The new target reflects potential challenges Hershey may face against rivals, impacting its growth prospects. This adjustment may influence investor sentiment and the stock's market performance as analysts reassess the company's ability to maintain its market position. Understanding these competitive dynamics is crucial for investors considering strategies in consumer goods stocks.
Read More: Hershey (HSY) Stock Price Target Cut by DA Davidson on Competition
Hershey (HSY) Sees 10% Revenue Growth Driven by GLP-1 Drug Impact
Hershey (HSY) reported a revenue increase of over 10% in the first quarter, driven by higher sales in its mints and gum categories due to increased GLP-1 drug usage. Ice Breakers, their third-largest confection brand, alone saw retail sales rise over 8%. Despite this sales boost, HSY shares fell more than 2% in morning trading. The market's mixed reaction could reflect broader concerns about consumer spending and the impacts of medication on purchasing behaviors.
Read More: Hershey (HSY) Sees 10% Revenue Growth Driven by GLP-1 Drug Impact
Hershey (HSY) to Use Only Real Chocolate Following Backlash
Hershey (HSY) announced it will revert to using real chocolate for its products, including the classic Reese’s recipe, after criticism from the founder’s grandson. The change aims to address consumer concerns regarding ingredient authenticity. The company’s shift is significant as it reflects a growing demand for transparency and quality in food products. This decision could influence Hershey's sales performance and brand reputation in the competitive chocolate market.
Read More: Hershey (HSY) to Use Only Real Chocolate Following BacklashMore Consumer Staples stocks
Frequently asked questions
Is The Hershey Company in the S&P 500?
Yes. The Hershey Company trades as HSY and is a member of the S&P 500. The index lists it in the Consumer Staples sector.
What sector is HSY in?
HSY sits in the Consumer Staples sector of the S&P 500.
Where can I find the latest HSY news?
Right here. This page collects recent HSY news and market analysis. Every story gets an AI summary and a bullish, bearish or neutral tag.
What is The Hershey Company's stock price?
HSY last traded at about $170.83. Prices move all through the session, so this is the latest quote rather than a live one.
What is The Hershey Company's market cap?
HSY is worth roughly $34.32B. Market cap is the share price times the number of shares outstanding.
What is HSY's P/E ratio?
HSY trades at a trailing P/E ratio of about 23.3. The ratio compares the share price with earnings per share over the past year.