Hershey (HSY) Stock Forecast, Price & News

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hershey in the last twelve months. There are currently 11 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" HSY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HSY, but not buy additional shares or sell existing shares.
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17 Wall Street analysts have issued 1 year price objectives for Hershey's stock. Their HSY share price forecasts range from $233.00 to $310.00. On average, they anticipate the company's stock price to reach $262.11 in the next year. This suggests a possible upside of 17.2% from the stock's current price.
View analysts price targets for HSY or view top-rated stocks among Wall Street analysts.

Hershey's stock was trading at $231.57 at the start of the year. Since then, HSY stock has decreased by 3.5% and is now trading at $223.57.
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Hershey saw a decrease in short interest in July. As of July 31st, there was short interest totaling 3,050,000 shares, a decrease of 13.1% from the July 15th total of 3,510,000 shares. Based on an average daily volume of 1,200,000 shares, the short-interest ratio is currently 2.5 days.
View Hershey's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, November 3rd 2023.
View our HSY earnings forecast.

The Hershey Company (NYSE:HSY) announced its quarterly earnings results on Thursday, July, 27th. The company reported $2.01 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.12. The firm earned $2.49 billion during the quarter, compared to analysts' expectations of $2.50 billion. Hershey had a net margin of 16.49% and a trailing twelve-month return on equity of 55.74%. The company's quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.80 EPS.
Read the conference call transcript.

Hershey declared a quarterly dividend on Wednesday, July 26th. Shareholders of record on Friday, August 18th will be given a dividend of $1.192 per share on Friday, September 15th. This represents a $4.77 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Thursday, August 17th. This is a positive change from the stock's previous quarterly dividend of $1.04.
Read our dividend analysis for HSY.

ETFs with the largest weight of Hershey (NYSE:HSY) stock in their portfolio include Invesco Dynamic Food & Beverage ETF (PBJ), First Trust Nasdaq Food & Beverage ETF (FTXG), AdvisorShares Focused Equity ETF (CWS), Stance Equity ESG Large Cap Core ETF (STNC), iShares MSCI Water Management Multisector ETF (IWTR), Invesco DWA Consumer Staples Momentum ETF (PSL), VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) and American Customer Satisfaction ETF (ACSI).

Hershey (NYSE:HSY) pays an annual dividend of $4.14 per share and currently has a dividend yield of 1.85%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 47.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HSY will have a dividend payout ratio of 40.23% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HSY.

Hershey updated its FY 2023 earnings guidance on Thursday, July, 27th. The company provided EPS guidance of $9.46-$9.54 for the period, compared to the consensus estimate of $9.51. The company issued revenue guidance of $11.25 billion-$11.25 billion, compared to the consensus revenue estimate of $11.26 billion.

208 employees have rated Hershey Chief Executive Officer Michele Buck on Glassdoor.com. Michele Buck has an approval rating of 89% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Hershey investors own include Johnson & Johnson (JNJ), Walt Disney (DIS), AT&T (T), NVIDIA (NVDA), Verizon Communications (VZ), Chevron (CVX), Procter & Gamble (PG), Coca-Cola (KO), Walmart (WMT) and Cisco Systems (CSCO).

Hershey trades on the New York Stock Exchange (NYSE) under the ticker symbol "HSY."

Hershey's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.41%), Bank Julius Baer & Co. Ltd Zurich (2.12%), Geode Capital Management LLC (1.56%), Renaissance Technologies LLC (1.12%), Northern Trust Corp (0.85%) and Bank of New York Mellon Corp (0.62%). Insiders that own company stock include Charles R Raup, Christopher M Scalia, Hershey Trust Co, Hershey Trust Co Trustee In Tr, James Turoff, Jason Reiman, Jennifer Mccalman, Kristen J Riggs, Michele Buck, Pamela M Arway, Pamela M Arway, Robert Malcolm and Rohit Grover.
View institutional ownership trends.

Shares of HSY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HSY stock can currently be purchased for approximately $223.57.

Hershey (NYSE:HSY) has a market capitalization of $45.71 billion and generates $10.42 billion in revenue each year. The company earns $1.64 billion in net income (profit) each year or $8.69 on an earnings per share basis.

The company employs 19,865 workers across the globe.

Hershey's mailing address is 19 East Chocolate Avenue, Hershey PA, 17033. The official website for the company is www.thehersheycompany.com. The company can be reached via phone at (717) 534-4200, via email at investorrelations@hersheys.com, or via fax at 717-534-7873.