The Hershey Company (HSY)
Consumer Staples4 articles
Price chart
The Hershey Company (HSY) overview
The Hershey Company is a leading North American chocolate and confection maker. It is a member of the S&P 500 and is classified in the Consumer Staples sector — 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. As of the most recent market data, the stock was priced around $176.21, down 1.59% on the session, giving The Hershey Company a market capitalization of roughly $35.41B.
Over the past 52 weeks, HSY has traded between $161.43 and $239.48. Shares are valued at a trailing price-to-earnings (P/E) ratio of about 24.1, a common gauge of how richly the market prices the company's earnings. The Hershey Company also pays a dividend, currently yielding around 3.30%.
Key statistics
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Why investors watch HSY
As one of the larger companies in the Consumer Staples sector, The Hershey Company is closely followed by investors and often moves with broader trends across food, beverage and household-goods companies that tend to hold up in any economy. Traders watch HSY for earnings reports, analyst rating changes, and headlines that can shift sentiment — each of which is summarized on this page as it breaks.
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 (HSY) is a member of the S&P 500 index, classified in the Consumer Staples sector.
What sector is HSY in?
The Hershey Company is classified in the Consumer Staples sector of the S&P 500 — food, beverage and household-goods companies that tend to hold up in any economy.
Where can I find the latest HSY news?
This page collects recent The Hershey Company (HSY) news and market analysis, each article summarized by AI and tagged with bullish, bearish, or neutral sentiment.
What is The Hershey Company's stock price?
As of the most recent market data, The Hershey Company (HSY) traded at approximately $176.21. Prices move throughout the trading day, so this reflects the latest available quote rather than a live price.
What is The Hershey Company's market cap?
The Hershey Company has a market capitalization of roughly $35.41B, based on its most recent share price and shares outstanding.
What is HSY's P/E ratio?
HSY trades at a trailing price-to-earnings ratio of about 24.1. The P/E ratio compares a company's share price to its earnings per share.