The Hershey Company, together with its subsidiaries, manufactures and sells confectionery products and pantry items. The company operates in two segments, North America; and International and Other. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products comprising mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items, including spreads, meat snacks, bars and snack bites, mixes, popcorn and protein bars, and cookies. The company provides its products primarily under the Hershey's, Reese's, Kisses, Jolly Rancher, Almond Joy, Brookside, barkTHINS, Cadbury, Good & Plenty, Heath, Kit Kat, Lancaster, Payday, Rolo, Twizzlers, Whoppers, York, Ice Breakers, Breathsavers, Bubble Yum, SkinnyPop, Pirate's Booty, Oatmega, Paqui, and ONE Bar brands, as well as under the Pelon Pelo Rico, IO-IO, and Sofit brands. It markets and sells its products to wholesale distributors, chain grocery stores, mass merchandisers, chain drug stores, vending companies, wholesale clubs, convenience stores, dollar stores, concessionaires, and department stores. The company was founded in 1894 and is headquartered in Hershey, Pennsylvania.
IPO Year:
Exchange: NYSE
Website: thehersheycompany.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/22/2024 | $165.00 | Sell | Redburn Atlantic |
| 10/7/2024 | $226.00 → $209.00 | Buy → Neutral | UBS |
| 10/7/2024 | $230.00 → $205.00 | Outperform → Mkt Perform | Bernstein |
| 9/26/2024 | $184.00 → $163.00 | Hold → Underperform | Jefferies |
| 8/27/2024 | $195.00 → $182.00 | Neutral → Sell | Citigroup |
| 8/14/2024 | Buy → Hold | Argus | |
| 8/12/2024 | $185.00 | Sell | Goldman |
| 7/17/2024 | $204.00 → $188.00 | Neutral | Citigroup |
| 4/19/2024 | Buy → Hold | Edward Jones | |
| 3/26/2024 | $208.00 | Outperform → Neutral | Exane BNP Paribas |
KIT KAT® will give photo seekers visiting Santa a delicious break from tradition this holiday season HERSHEY, Pa., Nov. 18, 2024 /PRNewswire/ -- Santa Claus deserves a break, and thanks to KIT KAT®, he's getting one this year with the launch of its first-ever seasonal shape - KIT KAT® Santas! Available for a limited time only, this new KIT KAT® treat is a festive addition to the brand's product lineup that is adorned with imprinted boots, a jolly smile and an even crispier wafer-to-chocolate ratio than a traditional KIT KAT® bar. Each holiday season, holiday-goers wait in lon
HERSHEY, Pa., Nov. 8, 2024 /PRNewswire/ -- The Hershey Company (NYSE:HSY) today announced it has acquired Sour Strips, a fast-growing sour candy brand with a powerful social media presence. Sour Strips' "sour candy that doesn't suck" enhances Hershey's presence in the category and expands its reach to new consumers for more snacking occasions. Founded in 2019 by social media personality Maxx Chewning, Sour Strips set out to invigorate the sour candy category with a distinctive product that combines shockingly sour flavors with innovative branding to elevate the candy experienc
HERSHEY, Pa., Nov. 7, 2024 /PRNewswire/ -- The Board of Directors of The Hershey Company (NYSE:HSY) today announced quarterly dividends of $1.370 on the Common Stock and $1.245 on the Class B Common Stock. The dividends were declared November 6, 2024, and are payable December 16, 2024, to stockholders of record as of November 18, 2024. It is the 379th consecutive regular dividend on the Common Stock and the 160th consecutive regular dividend on the Class B Common Stock. View original content to download multimedia:https://www.prnewswire.com/news-releases/hershey-dec
HERSHEY, Pa., Nov. 7, 2024 /PRNewswire/ -- The Hershey Company (NYSE: HSY) today announced net sales and earnings for the third quarter ended September 29, 2024 and updated its 2024 net sales and earnings outlook. "We believe in the resiliency of our snacking categories and the strength of our brands," said Michele Buck, The Hershey Company President and Chief Executive Officer. "While year-to-date results have been affected by historically high cocoa prices and a challenging consumer environment, we are laser-focused on controlling what we can and are acting with immediacy to
Five-year agreement builds on significant company investments in improving the well-being of cocoa farming communities HERSHEY, Pa., Oct. 14, 2024 /PRNewswire/ -- Hershey announced a five-year agreement with nine cocoa-producing cooperatives in Côte d'Ivoire. The move is part of its "Cocoa For Good" strategy, a 10-year, $500 million investment by the company to address the complex challenges facing cocoa farmers. The agreement aims to build lasting relationships with farmers that enable a more resilient supply. A long-term commitment to improve farmer livelihoods The announce
HERSHEY, Pa., Oct. 10, 2024 /PRNewswire/ -- The Hershey Company (NYSE:HSY) announced today that it will release its third-quarter sales and earnings results on Thursday, November 7, 2024, and hold a conference call with analysts at 8:30 a.m. ET on that date. The company will host the conference call via a live webcast on the Hershey corporate website. Please click here and navigate to "CALENDAR OF EVENTS" for webcast details. If you are unable to click on the link above, please copy and paste the URL below into a web browserhttps://investors.thehersheycompany.com/en_us/home/n
Experience bold fruit flavor in every chewy bite with two iconic Jolly Rancher flavors in each bag HERSHEY, Pa., Sept. 12, 2024 /PRNewswire/ -- Get ready to rope in the flavor! Jolly Rancher announces the launch of its newest sensation: Jolly Rancher Ropes. These new mouthwatering treats add a punch of bold fruit flavor with every bite. Offering a twist on the iconic Jolly Rancher flavors you already know and love, Jolly Rancher Ropes are here to bring a whole new vibe to your snack stash. And why settle for one flavor when you can have two at a time? Jolly Rancher Ropes deli
Get ready for a refreshing twist on gum that's anything but boring HERSHEY, Pa., Sept. 10, 2024 /PRNewswire/ -- Oh Shift! The gum aisle and your mouth are about to get a major refresh: Ice Breakers is introducing Ice Breakers Flavor Shifters, a new refreshing, multi-dimensional twist on gum. Featuring a revolutionary technology that changes the gum from one distinct flavor to another while chewing, Ice Breakers Flavor Shifters provides sensory stimulation unlike anything in the market today. Wild Berry to Coolmint brings together the best of both fruity and minty flavors, whil
HERSHEY, Pa., Sept. 5, 2024 /PRNewswire/ -- The Hershey Company (NYSE:HSY) today announced the appointment of Michael Del Pozzo as President, U.S. Confection, effective September 16. In this role, Del Pozzo will lead Hershey's next phase of U.S. growth with a portfolio of iconic brands including Hershey's, Reese's and Jolly Rancher. With a career spanning 23 years at PepsiCo, Del Pozzo brings a wealth of experience in leading growth and transformation for some of the world's most recognizable consumer brands such as Gatorade®, Propel®, Muscle Milk® and Evolve®. In his recent r
Exclusive Collection Featuring Custom Logos and Jerseys Inspired by Angel's Fans: "The Reese's Pieces" HERSHEY, Pa., Aug. 21, 2024 /PRNewswire/ -- Hold onto your Reese's Pieces candy, Angel fans! Reese's has joined forces with none other than pro basketball sensation and fashion icon Angel Reese to bring you a limited-edition merch collaboration that's everything you've been asking for. Literally. After reading thousands of comments from Reese's and Angel Reese fans – the chocolate and peanut butter icon teamed up with the rookie double-double queen for the first-of-its-kind f
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HERSHEY, Pa., Nov. 7, 2024 /PRNewswire/ -- The Board of Directors of The Hershey Company (NYSE:HSY) today announced quarterly dividends of $1.370 on the Common Stock and $1.245 on the Class B Common Stock. The dividends were declared November 6, 2024, and are payable December 16, 2024, to stockholders of record as of November 18, 2024. It is the 379th consecutive regular dividend on the Common Stock and the 160th consecutive regular dividend on the Class B Common Stock. View original content to download multimedia:https://www.prnewswire.com/news-releases/hershey-dec
HERSHEY, Pa., Oct. 10, 2024 /PRNewswire/ -- The Hershey Company (NYSE:HSY) announced today that it will release its third-quarter sales and earnings results on Thursday, November 7, 2024, and hold a conference call with analysts at 8:30 a.m. ET on that date. The company will host the conference call via a live webcast on the Hershey corporate website. Please click here and navigate to "CALENDAR OF EVENTS" for webcast details. If you are unable to click on the link above, please copy and paste the URL below into a web browserhttps://investors.thehersheycompany.com/en_us/home/n
HERSHEY, Pa., Aug. 1, 2024 /PRNewswire/ -- The Board of Directors of The Hershey Company (NYSE:HSY) today announced quarterly dividends of $1.370 on the Common Stock and $1.245 on the Class B Common Stock. The dividends were declared July 31, 2024, and are payable September 16, 2024, to stockholders of record as of August 16, 2024. It is the 378th consecutive regular dividend on the Common Stock and the 159th consecutive regular dividend on the Class B Common Stock. View original content to download multimedia:https://www.prnewswire.com/news-releases/hershey-declares-
HERSHEY, Pa., July 1, 2024 /PRNewswire/ -- The Hershey Company (NYSE:HSY) announced today that it will release its second-quarter sales and earnings results on Thursday, August 1, 2024, and hold a conference call with analysts at 8:30 a.m. ET on that date. The company will host the conference call via a live webcast on the Hershey corporate website. Please click here and navigate to "CALENDAR OF EVENTS" for webcast details. If you are unable to click on the link above, please copy and paste the URL below into a web browserhttps://investors.thehersheycompany.com/en_us/home/news
HERSHEY, Pa., May 3, 2024 /PRNewswire/ -- The Board of Directors of The Hershey Company (NYSE:HSY) today announced quarterly dividends of $1.370 on the Common Stock and $1.245 on the Class B Common Stock. The dividends were declared May 2, 2024, and are payable June 14, 2024, to stockholders of record as of May 17, 2024. It is the 377th consecutive regular dividend on the Common Stock and the 158th consecutive regular dividend on the Class B Common Stock. View original content to download multimedia:https://www.prnewswire.com/news-releases/hershey-declares-quarterly-d
HERSHEY, Pa., April 9, 2024 /PRNewswire/ -- The Hershey Company (NYSE:HSY) announced today that it will release its first-quarter sales and earnings results on Friday, May 3, 2024, and hold a conference call with analysts at 8:30 a.m. ET on that date. The company will host the conference call via a live webcast on the Hershey corporate website. Please click here and navigate to "CALENDAR OF EVENTS" for webcast details. If you are unable to click on the link above, please copy and paste the URL below into a web browserhttps://investors.thehersheycompany.com/en_us/home/news-and
HERSHEY, Pa., Feb. 8, 2024 /PRNewswire/ -- The Board of Directors of The Hershey Company (NYSE:HSY) today announced quarterly dividends of $1.370 on the Common Stock and $1.245 on the Class B Common Stock, an increase of 15% or $0.178 and $0.162 per share, respectively. The dividends were declared February 7, 2024, and are payable March 15, 2024, to stockholders of record as of February 20, 2024. It is the 376th consecutive regular dividend on the Common Stock and the 157th consecutive regular dividend on the Class B Common Stock. View original content to download mult
HERSHEY, Pa., Jan. 5, 2024 /PRNewswire/ -- The Hershey Company (NYSE:HSY) announced today that it will release its fourth-quarter sales and earnings results on Thursday, February 8, 2024, and hold a conference call with analysts at 8:30 a.m. ET on that date. The company will host the conference call via a live webcast on the Hershey corporate website. Please click here and navigate to "CALENDAR OF EVENTS" for webcast details. If you are unable to click on the link above, please copy and paste the URL below into a web browserhttps://investors.thehersheycompany.com/en_us/home/n
HERSHEY, Pa., Oct. 5, 2023 /PRNewswire/ -- The Hershey Company (NYSE:HSY) announced today that it will release its third-quarter sales and earnings results on Thursday, October 26, 2023, and hold a conference call with analysts at 8:30 a.m. ET on that date. The company will host the conference call via a live webcast on the Hershey corporate website. Please click here and navigate to "CALENDAR OF EVENTS" for webcast details. If you are unable to click on the link above, please copy and paste the URL below into a web browserhttps://investors.thehersheycompany.com/en_us/home/n
HERSHEY, Pa., July 27, 2023 /PRNewswire/ -- The Board of Directors of The Hershey Company (NYSE:HSY) today announced quarterly dividends of $1.192 on the Common Stock and $1.083 on the Class B Common Stock, an increase of 15% or $0.156 and $0.141 per share, respectively. The dividends were declared July 26, 2023, and are payable September 15, 2023, to stockholders of record as of August 18, 2023. It is the 374th consecutive regular dividend on the Common Stock and the 155th consecutive regular dividend on the Class B Common Stock. View original content to download multi
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HERSHEY, Pa., Sept. 5, 2024 /PRNewswire/ -- The Hershey Company (NYSE:HSY) today announced the appointment of Michael Del Pozzo as President, U.S. Confection, effective September 16. In this role, Del Pozzo will lead Hershey's next phase of U.S. growth with a portfolio of iconic brands including Hershey's, Reese's and Jolly Rancher. With a career spanning 23 years at PepsiCo, Del Pozzo brings a wealth of experience in leading growth and transformation for some of the world's most recognizable consumer brands such as Gatorade®, Propel®, Muscle Milk® and Evolve®. In his recent r
Outlines Progress and Future Ambitions Across its Sustainability Priorities HERSHEY, Pa., June 4, 2024 /PRNewswire/ -- Hershey (NYSE:HSY) today announced the release of its 2023 Environmental, Social and Governance (ESG) Report, sharing progress towards business resilience and impact in its material priorities. The report outlines how the company is implementing its global sustainability strategy across its six priority areas – cocoa, responsible sourcing and human rights, environment, people, youth and community. Hershey is working toward its vision to become a Leading Snacking Powerhouse, and the company's responsible and sustainable practices play an integral role in its business.
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Redburn Atlantic initiated coverage of Hershey Foods with a rating of Sell and set a new price target of $165.00
UBS downgraded Hershey Foods from Buy to Neutral and set a new price target of $209.00 from $226.00 previously
Bernstein downgraded Hershey Foods from Outperform to Mkt Perform and set a new price target of $205.00 from $230.00 previously
Jefferies downgraded Hershey Foods from Hold to Underperform and set a new price target of $163.00 from $184.00 previously
Citigroup downgraded Hershey Foods from Neutral to Sell and set a new price target of $182.00 from $195.00 previously
Argus downgraded Hershey Foods from Buy to Hold
Goldman initiated coverage of Hershey Foods with a rating of Sell and set a new price target of $185.00
Citigroup reiterated coverage of Hershey Foods with a rating of Neutral and set a new price target of $188.00 from $204.00 previously
Edward Jones downgraded Hershey Foods from Buy to Hold
Exane BNP Paribas downgraded Hershey Foods from Outperform to Neutral and set a new price target of $208.00
The Nasdaq 100 closed lower by more than 700 points during Wednesday's session. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform. Bank of America The Trade: Bank of America Corporation (NYSE:BAC) President and CEO Jen Hsun Huang sold a
Deutsche Bank analyst Steve Powers maintains Hershey (NYSE:HSY) with a Hold and lowers the price target from $197 to $192.
Hershey's (NYSE:HSY) short percent of float has fallen 4.47% since its last report. The company recently reported that it has 3.89 million shares sold short, which is 2.99% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.78 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is imp
Citigroup analyst Thomas Palmer maintains Hershey (NYSE:HSY) with a Neutral and lowers the price target from $204 to $188.
Bernstein analyst Alexia Howard maintains Hershey (NYSE:HSY) with a Outperform and lowers the price target from $237 to $230.
B of A Securities analyst Bryan Spillane maintains Hershey (NYSE:HSY) with a Neutral and lowers the price target from $210 to $200.
Piper Sandler analyst Michael Lavery maintains Hershey (NYSE:HSY) with a Neutral and maintains $179 price target.
Wells Fargo analyst Chris Carey maintains Hershey (NYSE:HSY) with a Equal-Weight and lowers the price target from $205 to $195.
Barclays analyst Andrew Lazar maintains Hershey (NYSE:HSY) with a Equal-Weight and lowers the price target from $210 to $204.
-Reuters