HSY Stock Recent News

Kraft Heinz stock is trading 20% below its three-year high-water mark. Shares of Hershey have fallen more than 25% from their three-year highs.

The Hershey Company's stock has been underperforming the sector, but that's mostly due to outside factors. Near-term pressures are expected as input-costs remain elevated and pricing tailwinds dissipate. The stock, however, is fairly priced, and downside risk remains limited for shareholders with a long-term investment horizon.

A spokesperson for Hershey said on Thursday the chocolate maker laid off a small number of its employees this week as part of organizational changes the company announced earlier this year when cocoa prices reached record highs.

In the most recent trading session, Hershey (HSY) closed at $197.63, indicating a -0.83% shift from the previous trading day.

The Hershey Company faced a financial setback recently due to softening demand and planned inventory management, resulting in a double-digit net sales decline in Q2 2024, along with margin reductions. But the US consumer economy's continued resilience along with softening inflation and impending rate cuts can stabilize demand for Hershey going forward. Despite a price rise in recent months, its forward P/E continues to look good too.

Hershey stock looks historically cheap today while offering an above-average dividend yield. Its earnings have been complicated by an upgrade to its distribution system.

Procter & Gamble went through a business overhaul that worried investors, but now investors love the consumer staples giant again. Hormel Foods is muddling through a difficult period, but it offers a historically high yield backed by 50-plus years of annual dividend increases.

Hershey (HSY) reachead $198.46 at the closing of the latest trading day, reflecting a -0.08% change compared to its last close.

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!

EDEN PRAIRIE, Minn., Sept. 11, 2024 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE: WGO), a leading outdoor recreation product manufacturer, will highlight its industry-leading lineup of new models and features from premium RV brands, Winnebago, Grand Design RV and Newmar at the Hershey RV Show in Hershey, Pa., Sept. 11-15, 2024. Winnebago Industries will feature nearly 150 new models across its three leading brands, showcasing the latest in technology, design and comfort, allowing consumers to connect with the benefits of the outdoors like never before.