Hershey - HSY Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hershey in the last year. There are currently 6 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" HSY shares.
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14 analysts have issued 1 year target prices for Hershey's stock. Their HSY share price forecasts range from $190.00 to $255.00. On average, they expect the company's share price to reach $219.64 in the next twelve months. This suggests that the stock has a possible downside of 2.5%.
View analysts price targets for HSY or view top-rated stocks among Wall Street analysts.

Hershey's stock was trading at $193.47 on January 1st, 2022. Since then, HSY stock has increased by 16.5% and is now trading at $225.33.
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Hershey saw a decrease in short interest during the month of August. As of August 15th, there was short interest totaling 2,270,000 shares, a decrease of 11.3% from the July 31st total of 2,560,000 shares. Based on an average daily trading volume, of 955,900 shares, the short-interest ratio is presently 2.4 days.
View Hershey's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our HSY earnings forecast.

The Hershey Company (NYSE:HSY) announced its quarterly earnings data on Thursday, July, 28th. The company reported $1.80 EPS for the quarter, beating analysts' consensus estimates of $1.69 by $0.11. The company had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.24 billion. Hershey had a net margin of 16.76% and a trailing twelve-month return on equity of 60.62%. Hershey's revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.47 earnings per share.
Read the conference call transcript.

Hershey announced a quarterly dividend on Thursday, July 28th. Shareholders of record on Friday, August 19th will be given a dividend of $1.036 per share on Thursday, September 15th. This represents a $4.14 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Thursday, August 18th. This is a positive change from the stock's previous quarterly dividend of $0.90.
Read our dividend analysis for HSY.

Hershey (NYSE:HSY) pays an annual dividend of $4.14 per share and currently has a dividend yield of 1.86%. 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 52.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HSY will have a dividend payout ratio of 46.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HSY.

Hershey issued an update on its FY 2022 earnings guidance on Thursday, August, 4th. The company provided EPS guidance of $8.05-$8.20 for the period, compared to the consensus EPS estimate of $8.05. The company issued revenue guidance of $10.05 billion-$10.23 billion, compared to the consensus revenue estimate of $9.99 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 many different institutional and retail investors. Top institutional shareholders include State Street Corp (3.50%), Renaissance Technologies LLC (1.79%), Northern Trust Corp (0.88%), Legal & General Group Plc (0.75%), Nordea Investment Management AB (0.60%) and California Public Employees Retirement System (0.52%). 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, Kevin R Walling, Kristen J Riggs, Michele Buck, Pamela M Arway, Pamela M Arway and West Mary E Stone.
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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 $225.33.

Hershey (NYSE:HSY) has a market capitalization of $46.19 billion and generates $8.97 billion in revenue each year. The company earns $1.48 billion in net income (profit) each year or $7.86 on an earnings per share basis.

The company employs 18,990 workers across the globe.

Hershey was founded in 1909.

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.