Hershey Co. Stock Soars, Outperforms Market on Wednesday
December 15, 2023
🌥️Trending News
On Wednesday, the stock of Hershey ($NYSE:HSY) Co. experienced a surge in its stock prices, outperforming the market. The surge in stock prices on Wednesday is a positive sign for the company, and investors are optimistic that it will continue to perform well. Hershey Co. has made several acquisitions over the years, including KRAVE jerky and Ripple Brand Collective, to remain competitive in the market and stay ahead of the competition. This continued investment will likely lead to further success for the company’s stock in the coming days.
Price History
On Wednesday, HERSHEY COMPANY stock soared, outperforming the market. The stock opened at $184.9 and closed at $188.8, up 2.2% from its prior closing price of 184.7. This marked an impressive increase in value for the candy maker, which is known for popular products such as Hershey’s Kisses, Reese’s Peanut Butter Cups, and Hershey’s Milk Chocolate Bars.
The surge in stock price was likely due to the company’s strong performance in recent quarters, with sales increasing and profits growing as well. Investors in HERSHEY COMPANY were undoubtedly pleased with its latest stock performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hershey Company. More…
| Total Revenues | Net Income | Net Margin |
| 11.16k | 1.91k | 18.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hershey Company. More…
| Operations | Investing | Financing |
| 2.33k | -1.01k | -1.12k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hershey Company. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.94k | 7.97k | 19.4 |
Key Ratios Snapshot
Some of the financial key ratios for Hershey Company are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.6% | 13.7% | 21.3% |
| FCF Margin | ROE | ROA |
| 14.6% | 38.7% | 12.4% |
Analysis
GoodWhale recently conducted an analysis on HERSHEY COMPANY‘s wellbeing. Our results revealed that HERSHEY COMPANY scored highly in our Star Chart, with a health score of 8/10. We have classified HERSHEY COMPANY as a ‘gorilla’ – a type of company that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. Therefore, we believe that HERSHEY COMPANY is an attractive investment opportunity for those investors looking for stable returns. HERSHEY COMPANY has strong performance in terms of dividends, growth, and profitability. However, its asset performance is relatively weak. Therefore, investors who do not mind taking on a bit more risk may find HERSHEY COMPANY to be an attractive investment opportunity. More…
Peers
The Hershey Co. is the largest chocolate manufacturer in North America and a leading competitor in the global chocolate market. With more than 80 years of experience in the chocolate industry, The Hershey Co. has a strong reputation for quality and innovation. The company’s main competitors are Kellogg Co, Nestle SA, Josef Manner & Comp AG.
– Kellogg Co ($NYSE:K)
Kellogg Co is a multinational food manufacturing company headquartered in Battle Creek, Michigan, United States. Kellogg’s produces cereal and convenience foods, including cookies, crackers, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles, and veggie foods. The company’s products are marketed in over 180 countries.
– Nestle SA ($OTCPK:NSRGY)
Nestle is a Swiss food and beverage company with a market cap of 294.41 billion as of 2022. The company has a return on equity of 14.82% and is involved in the production and distribution of a wide range of food and beverage products, including baby food, bottled water, cereals, coffee, dairy products, and pet food. Nestle is one of the world’s largest food and beverage companies, with operations in over 190 countries.
– Josef Manner & Comp AG ($LTS:0F6A)
Joseph Manner & Company AG is a family-owned Austrian confectionery company headquartered in Vienna. It is one of the oldest companies in Austria, founded in 1860. The company produces a variety of chocolate and other confectionery products that are sold under the Manner and Mozart brand names.
Summary
Analysts attribute this positive performance to the company’s focus on expanding its portfolio, expanding into new markets, and a relentless commitment to innovation. Looking ahead, analysts remain bullish on the stock and recommend buying it due to its continued strong margins, solid balance sheet, and strong cash flow. Moreover, they remain confident that Hershey’s conservative approach to managing costs will continue to produce positive results. With these factors in mind, investors may want to consider adding HSY to their portfolios.
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