HSY Stock Recent News

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 Hershey Company's dividend yield has surged to almost 2.8%, among the highest levels in at least 10 years. And the company's dividends are safe, too. But limited growth potential is expected due to high payout ratios, increased debt levels, and profit headwinds. Its current P/E is close to the Graham P/E and does not properly price in the above risks in my view.

Hershey has shown resilience in the face of challenges such as cocoa price hikes and inflation, outperforming the S&P 500 for many years. The company has strong brand recognition and pricing power, which contribute to its consistent demand and profitability. With an attractive valuation and a solid dividend growth track record, Hershey offers potential annual returns of 9-11% for long-term investors.

Hershey stock is trading 25% below its all-time high amid skyrocketing cocoa prices, inflation-ridden consumers, and fears of weight-loss drugs potentially hurting sales. True to the motto "paying up for quality", I share the main reasons why I added HSY stock to my portfolio, despite the still somewhat expensive valuation. In particular, I discuss Hershey's profitability, management qualities, long-term incentives and growth opportunities.

Investors typically turn to blue-chip stocks for safe investments that provide safe returns through higher-than-average dividends. Some blue-chip stocks are top-rated and among the world's most well-known companies.

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Hershey (HSY) have what it takes?

Realty Income is a giant net lease REIT with an attractive yield that just raised its dividend. Hershey is a chocolate giant facing high cocoa prices, but that's an opening for long-term investors.

Recently, Zacks.com users have been paying close attention to Hershey (HSY). This makes it worthwhile to examine what the stock has in store.

Realty Income is a net lease REIT with a retail focus and a global portfolio. Procter & Gamble is a consumer staples giant with a long list of industry-leading brands.

Hershey is facing a renewed, larger lawsuit claiming it misled consumers about the amount of artistic detail they would find on several Reese's peanut butter candies after opening the packaging.