The Hershey Company’s Stock Price Drops to $194.87, Marking a 2.83% Decrease: Is Now the Time to Buy?

The Hershey Company (HSY)

194.87 USD -5.68 (-2.83%) Volume: 2.1M

The Hershey Company’s stock price is currently at 194.87 USD, experiencing a decrease of 2.83% this trading session with a trading volume of 2.1M, however, it has managed a positive year-to-date percentage change of +4.52%, reflecting its resilience in the stock market.

The Hershey Company on Smartkarma

On Smartkarma, an independent investment research network, top independent analysts are publishing research on companies like “Hershey Co/The“. According to Value Investors Club, Hershey’s stock is currently facing challenges from new weight loss drugs affecting consumer appetite. However, this temporary dip has created a discounted buying opportunity for the strong brand. The stock is trading at a 52-week low, making it an attractive investment opportunity. Additionally, the drop in the 10-year treasury yield has made dividend-paying companies like Hershey more appealing to investors. This information was originally published 3 months ago on Value Investors Club and is for general informational purposes only.

According to Baptista Research, Hershey’s fourth quarter 2023 earnings revealed that the company expects a 2-3% net sales growth with flat to slightly down volume. This reduction in volume is expected to have a three-point year-over-year benefit from price, which is mostly carryover related from actions taken in the prior year. However, there is potential for additional pricing actions this year to address currently elevated cocoa costs. Baptista Research also discusses Hershey’s challenges in the popcorn category and beyond, and whether the company can successfully address them. This information is available on Smartkarma and is for informational purposes only.

A look at The Hershey Company Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

The long-term outlook for Hershey Co/The, a company that manufactures chocolate and sugar confectionery products, looks positive based on its Smartkarma Smart Scores. These scores, ranging from 1 to 5, indicate the company’s overall outlook in different areas. Hershey Co/The scores a 2 in Value, 4 in Dividend, 4 in Growth, 2 in Resilience, and 4 in Momentum.

With a high score in Dividend and Growth, Hershey Co/The‘s financial performance is expected to remain strong in the long-term. The company’s products, which include chocolate and sugar confectionery, gum and mint refreshment, and pantry items, are popular among consumers and continue to drive its momentum. However, the company may face some challenges in terms of value and resilience, which could affect its long-term performance. Overall, Hershey Co/The‘s Smartkarma Smart Scores suggest a promising future for the company.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma