HSY - The Hershey Company

NYSE - NYSE Delayed Price. Currency in USD
135.68
-0.30 (-0.22%)
At close: 4:00PM EDT

135.68 0.00 (0.00%)
After hours: 5:41PM EDT

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Commodity Channel Index

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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close135.98
Open135.56
Bid135.49 x 1000
Ask135.56 x 1400
Day's Range133.86 - 136.70
52 Week Range109.88 - 162.20
Volume988,768
Avg. Volume1,472,816
Market Cap28.223B
Beta (5Y Monthly)0.18
PE Ratio (TTM)25.60
EPS (TTM)5.30
Earnings DateJul 23, 2020 - Jul 27, 2020
Forward Dividend & Yield3.09 (2.27%)
Ex-Dividend DateMay 21, 2020
1y Target Est143.13
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Near Fair Value
-3% Est. Return
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  • Reuters

    CORRECTED-Gum, mints and snack bar sales slump, as U.S. consumers order online amid COVID-19 crisis

    Impulse purchases - gum, mints and snack bars tossed into a shopping basket as one snakes through the supermarket checkout line - are falling as more people get groceries delivered or pick them up curbside. U.S. sales of mints are down 30 percent year-on-year at stores tracked by market researcher Nielsen in the 11 weeks ending on May 16, while sales of gum are down 28 percent. The pandemic has prompted many people to switch to online grocery shopping rather than visiting stores, where snacks and other so-called "impulse purchases" are placed strategically near checkout lines.

  • Coronavirus update: Global death toll climbs above 353,000; U.S. deaths surpass 100,000
    MarketWatch

    Coronavirus update: Global death toll climbs above 353,000; U.S. deaths surpass 100,000

    The number of deaths from the coronavirus that causes COVID-19 rose above 353,000 on Wednesday, as the World Health Organization said the Americas are at the center of the pandemic following surges in infections in Brazil, Peru, Chile and others in the past few days.

  • GlobeNewswire

    The Hershey Company Announces Pricing of $300,000,000 0.900% Notes Due 2025, $350,000,000 1.700% Notes Due 2030 and $350,000,000 2.650% Notes Due 2050

    HERSHEY, Pa., May 27, 2020 -- The Hershey Company (NYSE: HSY) announced today the pricing of its offering of $300,000,000 of 0.900% notes due 2025, $350,000,000 of 1.700% notes.

  • Moody's

    Hershey Company (The) -- Moody's assigns A1 rating to Hershey's new bonds; outlook stable

    Moody's Investors Service, ("Moody's") today assigned A1 ratings to The Hershey Company's ("Hershey") planned $1 billion senior unsecured notes with tenors of 5, 10 and 30 years. Hershey's A1 credit profile is supported by its stable demand that supports sizeable free cash flows through business cycles, strong brand portfolio and leading position in the U.S. chocolate confectionary market, good liquidity, strong profit margins, and conservative financial policy. The rating is constrained by some product and geographic concentration, certain challenges in its efforts to expand internationally, and an elevated leverage resulting from the 2018 acquisitions of Amplify Snack Brands, Inc. and Pirate brands in 2018 as well as ONE brands in 2019.

  • Hershey says mint, gum sales hit as lockdowns restrict social gatherings
    Reuters

    Hershey says mint, gum sales hit as lockdowns restrict social gatherings

    The company, the maker of Ice Breakers and Kisses, said its second-quarter performance would also be impacted due to a decline in its food service business and stunted candy sales at airports and stores. "We have also experienced a decrease in retail foot traffic and volatility in consumer shopping and consumption behavior across several areas of our portfolio, which has negatively impacted sales of our portable and on-the-go consumption products," the company said in a filing http://www.sec.gov/Archives/edgar/data/47111/000004711120000027/0000047111-20-000027-index.htm. Hershey has for long been betting on its nutritious and on-the-go snack portfolio, a hit with health-conscious consumers who would pick up protein bars before heading to work.

  • MarketWatch

    Hershey plans bond deal to raise funds to pay down some of its commercial paper

    The Hershey Co. said Wednesday it's planning a bond deal to raise the funds to repay a portion of its commercial paper program. The chocolate maker did not offer any details of size or pricing. Shares were not yet active premarket, but have fallen 13% in the year to date, while the S&P 500 has fallen 7%.

  • GlobeNewswire

    The Hershey Company Announces Offering of Notes

    The Hershey Company (HSY) announced today that it is offering to sell notes in a public offering (the “Notes Offering”). The Hershey Company intends to use the net proceeds of the Notes Offering to repay a portion of the commercial paper it has issued, pay fees and expenses related to the offering and for general corporate purposes. A registration statement relating to the Notes Offering has been filed with the U.S. Securities and Exchange Commission and is effective.

  • GlobeNewswire

    Hershey Doubling Down on Commitment to Ethical Cocoa Supply Chain

    The Hershey Company (HSY) today announced an expansion of its Cocoa For Good program, committing to 100% direct-sourced cocoa in high-risk areas by 2025, which will include all of its cocoa sourced by its suppliers from Cote d’Ivoire and Ghana. This expanded commitment will make Hershey’s cocoa from these countries traceable from the farm to the first point of purchase, giving Hershey a clear line of sight into where all of its cocoa from West Africa is grown and how it is produced – providing more transparency for consumers and all stakeholders. In 2012, as part of the company’s long-standing efforts to create more sustainable cocoa communities, Hershey committed to sourcing 100% certified and sustainable cocoa by 2020 – a goal it reached in January 2020.

  • GuruFocus.com

    Tuesday Morning Market Highlights

    S&P; 500 reaches 3,000 level, AutoZone reports earnings Continue reading...

  • GlobeNewswire

    Hershey Stockholders Elect Victor L. Crawford to Company Board

    HERSHEY, Pa., May 18, 2020 -- The Hershey Company (NYSE: HSY) today announced the election of Victor L. Crawford to its board of directors. Crawford is the newest Hershey board.

  • Beyond Meat suspends 2020 forecast on COVID-19 concerns; posts sales beat
    Reuters

    Beyond Meat suspends 2020 forecast on COVID-19 concerns; posts sales beat

    Beyond Meat Inc posted better-than-expected quarterly sales on Tuesday, but suspended its 2020 forecast as the COVID-19 pandemic hit demand for the company's plant-based meat products at restaurants. Closure of dine-in areas and restrictions on movement put in place to slow the spread of the novel coronavirus have severely dented sales at restaurants, including Beyond Meat's restaurant partners McDonald's Inc, Dunkin Brands Group Inc and Starbucks Corp and have forced them to rethink how to service customers through limited operations. Beyond Meat Chief Executive Officer Ethan Brown told Reuters on Tuesday that food service sales in March were about 23% lower than what the company had expected, while sales at retail outlets were up 12%.

  • MarketWatch

    Private-equity investor buys back Krave meat snacks brand from Hershey

    Sonoma Brands, a private-equity investor in emerging brands led by Jon Sebastiani, has bought back the Krave brand of jerky from Hershey Co. , the group announced on Monday. Sebastiani, who started his career in the family wine business, is also founder of the Krave brand. Krave launched in 2009 and Hershey purchased it in 2015. Krave products include beef and pork jerky, pork rinds and plant-based jerky. Hershey recently reported an earnings miss, and says consumers are buying fewer snacks and sweets as the coronavirus pandemic drives up unemployment. During the earnings call, Chief Executive Michelle Buck said the company seeks to divest not just the Krave brand, but also the Scharffen Berger and Dagoba chocolate brands "in order to better prioritize resources against assets that fit our business model and scale capabilities," according to a FactSet transcript. Hershey stock is up 8% for the past year while the S&P 500 index is down 4.2% for the period.

  • Is Hershey Stock a Buy?
    Motley Fool

    Is Hershey Stock a Buy?

    Scientists tell us that chocolate consumption encourages our brains to release feel-good endorphins, like when you're falling in love. Since The Hershey Company (NYSE: HSY) makes several chocolate products that are delicious, and it recently released its first-quarter earnings report, it seems like the right time to evaluate the stock to see if the chocolate will keep coming. Hershey's management said that pre-pandemic, expectations were fully on track for both the first quarter and full year.

  • Oreo maker Mondelez pulls 2020 forecast on coronavirus-led uncertainty
    Reuters

    Oreo maker Mondelez pulls 2020 forecast on coronavirus-led uncertainty

    April 28 (Reuters) - Oreo cookie maker Mondelez International Inc withdrew its 2020 outlook on Tuesday, citing the uncertainty caused by the coronavirus pandemic.

  • Thomson Reuters StreetEvents

    Edited Transcript of HSY earnings conference call or presentation 23-Apr-20 12:30pm GMT

    Q1 2020 Hershey Co Earnings Call

  • Hershey's Pullback Does Not Look Like a Sweet Buying Opportunity
    TheStreet.com

    Hershey's Pullback Does Not Look Like a Sweet Buying Opportunity

    Personally I have done my part in consuming more (or actually too much) chocolate in this stay at home environment. In the daily bar chart of HSY, below, we can see that prices lost about 30% of their value in the pandemic selloff. Trading volume increased into the March nadir but it did not seem to reach what I would consider capitulation level.

  • GlobeNewswire

    The Hershey Company Commits $1 Million to Production of Disposable Facemasks

    The Hershey Company (HSY) today announced that it is committing $1 million to acquire, install and staff a new manufacturing line dedicated to the production of facemasks. “Supporting our communities in difficult times is part of our legacy, and an important value that our current employees share,” said Michele Buck, President and CEO. “Disposable masks will be an integral piece of protecting the health and safety of our employees, their families and our community as we move forward over the weeks and months ahead,” said Jason Reiman, Chief Supply Chain Officer.

  • Hershey says shoppers are buying fewer snacks and sweets as unemployment soars
    MarketWatch

    Hershey says shoppers are buying fewer snacks and sweets as unemployment soars

    Much like the chocolate-eating public, Hershey Co. is feeling the pinch from soaring unemployment, with the snacks-and-sweets company reporting sharp sales declines in recent weeks after an initial bump in the wake of the lockdowns to combat the coronavirus pandemic.

  • Hershey pulls 2020 forecast, warns of weak sales as consumers curb spending
    Reuters

    Hershey pulls 2020 forecast, warns of weak sales as consumers curb spending

    "A significant number of American households are not working and experiencing meaningful financial pressures," Chief Executive Officer Michele Buck said on a post-earnings call. The kisses chocolate maker also said social distancing practices have also hit gum and mint sales that are usually sold at the checkout counters, while demand for baking products soared. Hershey's net sales rose 1% to $2.04 billion in the first quarter ended March 29, but fell short of the average analyst estimate of $2.08 billion, according to IBES data from Refinitiv data.

  • Hershey's (HSY) Q1 Earnings Lag Estimates, Guidance Withdrawn
    Zacks

    Hershey's (HSY) Q1 Earnings Lag Estimates, Guidance Withdrawn

    Hershey's (HSY) first-quarter 2020 results reflect improved earnings and sales year over year. However, management withdraws 2020 view due to the uncertainty surrounding the coronavirus impact.

  • Barrons.com

    Hershey’s Earnings Fell Short of Expectations and There Is No Outlook for the Year Ahead

    Everyone could use a little chocolate in these trying times—just not as much as some might have expected. Hershey financial results prove it.

  • Hershey (HSY) Misses Q1 Earnings and Revenue Estimates
    Zacks

    Hershey (HSY) Misses Q1 Earnings and Revenue Estimates

    Hershey (HSY) delivered earnings and revenue surprises of -4.12% and -2.07%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • Calculating The Intrinsic Value Of The Hershey Company (NYSE:HSY)
    Simply Wall St.

    Calculating The Intrinsic Value Of The Hershey Company (NYSE:HSY)

    In this article we are going to estimate the intrinsic value of The Hershey Company (NYSE:HSY) by taking the expected...

  • MarketWatch

    Hershey reports earnings miss, guidance withdrawn

    Hershey Co. reported first-quarter net income of $271.1 million, or $1.29 per share, down from $304.4 million, or $1.45 per share, last year. Adjusted EPS of $1.63 was below the FactSet consensus for $1.71. Sales of $2.04 billion was up from $2.02 billion last year but missed the $2.08 FactSet outlook. The candy company said COVID-19 had a "modest impact" on the quarterly results, but due to uncertainty has withdrawn its full-year 2020 guidance. International sales were down 8.1% for the quarter to $192.5 million due to coronavirus, with sales in China nearly halved. Hershey stock slipped nearly 1% in Thursday premarket trading, but have rallied 22.6% over the past year. The S&P 500 index is down 4.6% over the last 12 months.