HSY Stock Recent News

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Hershey (HSY) closed the most recent trading day at $197.99, moving -0.66% from the previous trading session.

Easter is almost here, and record-high prices for cocoa shouldn't squash the celebratory mood for parents looking to fill their children's baskets with chocolate bunnies and candy-filled plastic eggs.

On March 1st, Goldman Sachs analyst Bonnie Herzog assumed coverage of several consumer staples stocks. The analyst is particularly fond of three particular companies.

Hershey (HSY) reachead $195.89 at the closing of the latest trading day, reflecting a -0.3% change compared to its last close.

The Hershey Company is facing a cocoa scarcity in West Africa due to drier weather, which could impact sales and margins. Hershey's strong position in the US confectionery market provides protection against competitors, making it a safe investment. Lower revenue growth and EPS growth are expected due to the cocoa shortage, but HSY stock has potential for growth in the long term.

Cocoa prices have surged to record highs, with bad weather impacting crops. This would imply margin compression for chocolate companies and it's not surprising that chocolate stocks are relatively depressed.

In the closing of the recent trading day, Hershey (HSY) stood at $192.52, denoting a -0.16% change from the preceding trading day.

In the closing of the recent trading day, Hershey (HSY) stood at $188.05, denoting a +0.07% change from the preceding trading day.

Hershey had a solid 2023 characterized by solid top- and bottom-line growth. Current valuations have priced in most of the expected growth for 2024, creating downside risk if earnings fall short. Despite challenges, Hershey's wide economic moat and iconic branded products position the company for long-term outperformance.