Hershey Company (HSY) Monthly Stock Report
Published: September 22, 2024
Company Overview
The Hershey Company (NYSE: HSY), headquartered in Hershey, Pennsylvania, is a leading entity in the consumer defensive sector, particularly in the confectionery industry. Founded in 1894, Hershey specializes in the manufacture and sale of a diverse array of popular confectionery and pantry products, including iconic brands like Hershey’s, Reese’s, and Kit Kat. Operating through three main segments—North America Confectionery, North America Salty Snacks, and international markets—the company exports its delectable products to approximately 80 countries, establishing a strong global presence. As a publicly traded company since March 4, 1957, HSY offers investors the opportunity to engage with a time-tested and stable brand in the packaged foods sector.
Financial Performance
Hershey’s financial performance remains robust, with total revenues around $11 billion. The current share price is $195.43, positioning the stock slightly below its fifty-day moving average of $196.22. Analysts project a optimistic target high price of $232.00, representing an approximate potential upside of 18.6%. The mean target price is set at $203.32, suggesting moderate growth expectations. Despite the current modest short interest of 4.61% relative to its float of 144,961,452 shares, the data suggests a balance of bearish sentiment without significant pressure. With a mean recommendation score of 2.9 from 22 analysts, there is a neutral to slightly positive sentiment towards the stock, advising investors to maintain a holding position while closely monitoring market dynamics.
Market Outlook
Hershey’s stock has demonstrated notable volatility over the past year, ranging from a low of $178.82 to a high of $211.92. This fluctuation signifies both risks and opportunities for potential investors. The current target low price is estimated at $179.00, indicating a potential range for future performance that emphasizes the need for careful evaluation of market conditions. As industry demand typically remains consistent, investing in Hershey could be appealing, particularly at current price levels. However, with the stock trading closer to its lower end within the recent range, careful consideration is advised before engaging in aggressive trading strategies.
| Metric | Value |
|---|---|
| Market Cap | $39.5b |
| Total Debt | $5.8b |
| Total Cash | $467.1m |
| Shares Outstanding | 147.7m |
| Float Shares | 145.0m |
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