HSY - The Hershey Company

NYSE - NYSE Delayed Price. Currency in USD
157.03
-1.35 (-0.85%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close158.38
Open158.90
Bid157.11 x 900
Ask157.15 x 800
Day's Range156.45 - 159.26
52 Week Range98.50 - 159.26
Volume757,647
Avg. Volume1,264,178
Market Cap32.91B
Beta (3Y Monthly)0.12
PE Ratio (TTM)27.17
EPS (TTM)5.78
Earnings DateOct 23, 2019 - Oct 28, 2019
Forward Dividend & Yield3.09 (1.95%)
Ex-Dividend Date2019-08-22
1y Target Est147.20
Trade prices are not sourced from all markets
  • A Look At The Intrinsic Value Of The Hershey Company (NYSE:HSY)
    Simply Wall St.

    A Look At The Intrinsic Value Of The Hershey Company (NYSE:HSY)

    How far off is The Hershey Company (NYSE:HSY) from its intrinsic value? Using the most recent financial data, we'll...

  • Top Analyst Says Beyond Meat is Back on the Menu But Dumps McCormick
    TipRanks

    Top Analyst Says Beyond Meat is Back on the Menu But Dumps McCormick

    One fact always holds true, everyone needs to eat. For this reason, food stocks can make compelling investments as there will always be a demand. According to the Department of Agriculture, American consumers spend 10% of their disposable income on food. Not to mention the global food market offers an even larger opportunity, with its population about 20 times that of the U.S. That’s not to say that all food stocks are created equal. J.P. Morgan analyst Kenneth Goldman notes that the competition has become more about potential to acquire new customers, strength in measured data and valuation. Based on this, he upgraded Beyond Meat (BYND) to a Buy, kept on Hold on Hershey (HSY) as well as bumped up the price target and downgraded McCormick (MKC) to a Sell. Let’s take a closer look. Buy: Beyond Meat Inc. (BYND)Although shares are down 131% over the last six months, Goldman believes BYND should be on the menu upgrading the rating from a Hold to a Buy. BYND has placed a strong focus on growing its customer base. In just the last month, Dunkin’ (DNKN), Blue Apron (APRN) and Taco Cabana have all announced the addition of Beyond Meat products to their menus. Not to mention BYND’s Q2 net sales gained a massive 287% from last year reaching $67.3 million. Management attributed this growth to an increase in sales of the Beyond Burger, expansion in the number of retail and food service points of distribution and greater demand from existing customers.Goldman also highlights its valuation as driving his more optimistic thesis. “With cash-on-hand likely to exceed $300MM by the end of 3Q, another guidance raise potentially ahead, and the stock 40% off its high, we think the stock is appealing once again,” the four-star analyst explained. All of these factors played into the rating upgrade.The rest of the Street takes a more cautious stance on BYND. It has a ‘Hold’ analyst consensus and a $122 average price target. This suggests shares could drop 20% over the next twelve months. Hold: Hershey Company (HSY)The last food stock on our list just got a price target boost from J.P. Morgan. Hershey is one of the most well known candy makers, with it controlling about 45% of the domestic chocolate market. Over the past 85 years, the company has expanded its product portfolio to contain more than 80 brands, including Hershey's, Reese's, Kit Kat, Twizzlers and Ice Breakers. The company hasn’t stopped there with it announcing its investment in protein bar company FULFIL Holdings Limited and Blue Stripes LLC on August 19. “As we continue to expand our snacking portfolio, our innovation agenda takes a balanced approach across investing in core brands and experimenting with new business models. This includes creating new platforms through R&D, strategic acquisitions and investments in businesses that are sitting at the cross section of new consumer snacking needs,” Chief Growth Officer Mary Beth West said. To that end, HSY announced that it would be adding a product ordering tool for retailers to its online portal. Not to mention the company has raised each year’s dividend for nine consecutive years. Despite all of this good news, Hersey still has challenges it needs to address. Goldman points to the company’s valuation as a cause for concern. HSY has a market cap of $33 billion with a P/E ratio of 27.47. This is compared to its competitor Mondelez’s (MDLZ) $78 billion market cap and 21.26 P/E ratio. As a result, the J.P. Morgan analyst raised his price target from $148 to $151 while reiterating his Hold rating. Goldman thinks shares could drop 4% over the next twelve months. The rest of the Street mirrors the analyst’s sentiment. With 1 Buy rating vs 8 Holds and 1 Sell received over the last three months, the consensus among analysts is that HSY is a ‘Hold’. Its $141 average price target indicates 11% downside potential. Sell: McCormick & Company (MKC)Based on Goldman’s McCormick downgrade, the company won’t be spicing up investors’ portfolios anytime soon.MKC stock has soared in 2019 with it up 16% year-to-date. However, this has pushed it into what Goldman considers to be overvalued territory. The stock currently trades at $161.01 and has a forward P/E ratio of 28.45 compared to Kraft Heinz’s (KHC) 9.65 forward P/E. Concerns are also mounting over how heavily Brexit will weigh on McCormick’s business. The company stated that Brexit could cause the number of border inspections to grow and would likely cause costs of goods imported and exported from the UK to increase.The company has made efforts to expand its reach through a series of acquisitions that included Reckitt Benckiser's (RBGLY) food division for $4.2 billion back in 2017. The deal gave MKC access to the Frank’s and French’s brands. That being said, Goldman doesn't believe that its next acquisition will be able to live up to the size of its previous acquisitions.“MKC's fundamentals are attractive relative to packaged food peers and the spice category is strong, but the magnitude of margin expansion experienced over the past year is unlikely to recur, and the stock’s much higher-than-average valuation looks stretched to us,” the analyst added. As a result, Goldman downgraded the rating to a Sell and decreased the price target from $154 to $150, implying 7% downside.The Street isn’t quite as bearish on MKC. It has a ‘Hold’ analyst consensus and a $153 average price target, suggesting 5% downside.

  • Hershey Looks Alluring on Strong Brands and Savings Plans
    Zacks

    Hershey Looks Alluring on Strong Brands and Savings Plans

    Hershey (HSY) gains from saving efforts as well as buyouts and innovation. However, rising advertising expenses are a worry.

  • Will McCormick Keep Dazzling on Strong Brands & Saving Plans?
    Zacks

    Will McCormick Keep Dazzling on Strong Brands & Saving Plans?

    McCormick (MKC) is on track with the CCI program to boost savings. Also, it focuses on new product development to augment market reach.

  • GuruFocus.com

    5 Companies Reach Yearly Highs

    As of late, 5 companies have managed to achieve 52-week highs Continue reading...

  • GlobeNewswire

    Hershey Solutions Online Portal Adds Product Ordering to Help Convenience Store Retailers Maximize Sales and Profits

    The Hershey Company (HSY), celebrating 125 years as a category management and snacks leader, is offering a new time-saving and profit-building tool for retailers through its Hershey Solutions online portal. The site, launched in 2018, allows convenience store decision makers to quickly capitalize on new product launches and shopper trends. “We want to see our convenience store partners continue to grow and are proud to be investing in capabilities that will help them drive trips, build baskets and ultimately maximize sales and profits,” said Gwen Andrews, Senior Manager, Sales Planning C-store, The Hershey Company.

  • GlobeNewswire

    Hershey Announces Investments in Emerging Snacking Businesses

    HERSHEY, Pa., Aug. 19, 2019 -- The Hershey Company (NYSE:HSY) is further expanding its position as a snacking category leader, announcing minority investments in emerging.

  • 7 Safe Dividend Stocks for Investors to Buy Right Now
    InvestorPlace

    7 Safe Dividend Stocks for Investors to Buy Right Now

    After several years of people favoring growth names over value and dividend stocks, sentiment has switched gears. That's because people are looking for sources of yield again. With the Federal Reserve cutting rates once more, the safe sources of fixed-income yield are drying up.10-year treasury bond yields, for example have gotten cut nearly in half, from more than 3% at their recent peak to 1.7% now. Investors fear that yields will go even lower yet. It's not hard to see why. Just look at yields in places like Germany and Japan -- they're actually below zero for 10-year bonds. Some people are suggesting that the United States could get there too the next time a recession hits.Against that backdrop, conservative dividend stocks look like better and better alternatives to bonds for income investors. We saw a similar trend play out in 2015-16, with rate sensitive stocks soaring. Then, those gave way as the economy picked up steam and investors rushed back into big growth names like the FAANG stocks -- Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), Netflix (NASDAQ:NFLX) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy for a Dovish Fed Now, however, there's a sense that another sentiment shift may be upon us. The trade war in particular has taken a lot of punch out of the growth stocks. That makes it a great time to be looking for more conservative dividend stocks to buy today. Dividend Stocks to Buy: Exxon Mobil (XOM)Source: Shutterstock Dividend Yield: 4.9%After this latest round of selling, energy stocks are basically flat for the year, with the leading sector exchange-traded fund (ETF) trading back to where it was at the beginning of January. If you're a short-term trader, energy stocks have been a terrible place to be this year. But for dividend investors, the longer this slump drags on, the better.Take Exxon Mobil (NYSE:XOM) for example. XOM stock has gone essentially nowhere since 2005. The combination of plunging natural gas prices and the renewed weakness in crude oil scared everyone out of the sector. But with that mass departure comes opportunity.XOM stock is now nearly yielding 5%. That's its highest level since the early 1990s. It's hard to overstate how pessimistic folks have gotten on oil and gas. But for the big dogs with great balance sheets, like Exxon, this is their time to shine. They can buy up assets from struggling and bankrupt rivals for cents on the dollar, and wait for the cycle to turn. Exxon's management is now planning for aggressive growth at the same time, so many other firms are having to pull back. In fact, Exxon is looking to double cash flow and earnings over the next five years. If it can do so, Exxon stock stock will soar. And you get a more than 4.5% dividend yield while you wait. BP (BP)Source: Shutterstock Dividend Yield: 6.6%Exxon isn't the only energy stock worth considering thanks to the latest sell-off in energy shares. Dividend investors should also take a look at BP (NYSE:BP) stock at these prices. BP got itself into hot water ages ago with the Deepwater Horizon tragedy, and the stock has underperformed ever since then.But the company's liabilities associated with that are almost gone now. Meanwhile, the company has greatly cut costs, making itself profitable even in current low-energy-pricing conditions. * 7 Stocks Under $7 to Invest in Now Skeptics had suggested that BP stock would have to cut its dividend to get through this difficult period for oil and gas companies. Instead, BP was able to maintain its juicy yield and even give us a small dividend hike recently. It's worth remembering that the United Kingdom and U.S. have a tax arrangement that ensures investors pay no foreign dividend taxes on their British share holdings. This makes BP a nice option for dividend investors seeking to diversify their income streams beyond American sources.Finally, it's worth noting that a short-term bottom could be approaching for both Exxon and BP stocks here. That's because Saudi officials said Wednesday that they are considering options to support the price of oil here near the $50/barrel level for West Texas crude. Any meaningful support for the oil market could get XOM and BP shares moving higher again in coming weeks. Kraft Heinz (KHC)Source: Shutterstock Dividend Yield: 6%It has been a great year for consumer staples stocks. In general, the sector has moved sharply higher, and many stalwarts like Hershey (NYSE:HSY) are up 30% or more and hitting new all-time highs. However, not all staples stocks have blasted off.For example, there is Kraft Heinz (NASDAQ:KHC). Kraft Heinz suffered an unbelievable decline from a peak of $90 to $27 in just a few years. Despite involvement from investing legends including Warren Buffett and 3G Capital, Kraft Heinz imploded thanks to failing growth prospects and excessive leverage. Its latest underwhelming quarterly results have KHC stock in retreat yet again.But don't count out the condiments and packaged foods maker just yet. The company has sold off non-core assets and adjusted its capital allocation to shore up the balance sheet. Management is changing its branding strategy as well. And at these depressed prices, KHC stock is undervalued even compared to other struggling sector laggards, to say nothing of industry leaders like Hershey and McCormick (NYSE:MKC).Even assuming Kraft Heinz only gets back to comparable enterprise value/EBITDA and price-to-earnings ratios with other lower-tier packaged foods stocks, it should still trade back up to $40 from the current $27 valuation.And at this price, KHC stock yields 6%. In a world that is increasingly starved for meaningful yield, Kraft Heinz will become irresistible to income investors. As the negative press fades, Kraft Heinz stock will recover, delivering both big income and stock price upside for investors willing to step in at this juncture. Hormel Foods (HRL)Source: Shutterstock Dividend Yield: 2%Another solid choice in the staples industry at this point is Hormel Foods (NYSE:HRL) stock. Forget about vegan meat for a second, there's way more dividend potential in the real stuff. Hormel is known for its legacy SPAM brand, but it makes a great assortment of lunchmeats, bacon and canned meals as well. It has acquired natural and organic meat brands to appeal to millennial consumers in recent years. It has also diversified in organic nut butters, guacamole, Mexican salsas and other more youth-orientated products.Hormel stock enjoyed a tremendous run the last time interest rates plummeted a few years ago; HRL stock shot up 50% in six months. Since then, Hormel has traded sideways, however, as investors moved back out of dividend stocks. In fact, HRL is down 10% from its 2016 peak while earnings are up 25% over the same period. * 5 Cheap Stocks to Buy Now That the Fed Cut Rates With investors piling back into yield plays, however, Hormel Foods should soar to new all-time highs. The African swine fever has been a bump in the road. Higher pork prices have hurt margins. But as pricing reverts to normal in 2020, Hormel's earnings per share should soar above $2, supporting a $50 share price based on its historical median earnings ratio.Hormel is the lowest-yielding stock on this list, at 2%. But it is a dividend king with more than 50 years of consecutive dividend hikes. It has consistently grown its dividend (and its earnings) at more than 10% per year for decades now. This means that investors get a starting yield significantly higher than in bonds, with rapid increases to their income stream over time. With dividend aristocrats back in style, HRL stock is heading to new all-time highs. Molson Coors Brewing (TAP)Source: Shutterstock Dividend Yield: 4.4%Turning from food to beer, we have Molson Coors Brewing (NYSE:TAP) stock. The big macro-brewers have seen their stocks implode in recent years based on craft beer fears. And those were valid fears. But note the past tense. In 2018, U.S. craft beer grew just 3% overall, with many of the leading craft brewers showing outright decline in production. Arguably, craft beer over-expanded, and has now lost its cutting-edge trendiness.Meanwhile, there's still plenty of people that like macro beers, along with cheaper brews in general. The major beer companies still control more than 80% of the American market after all. And Molson Coors plays to both lanes; it owns leading craft brands such as Blue Moon to complement its mainstream holdings.Why buy TAP stock now though? For one thing, it's at multi-year lows. The North American beer market overall has been weak, so while the craft threat is fading, overall performance has still been rather modest. That said, Molson Coors has cut costs aggressively. This just allowed it to unveil a massive 39% dividend hike. Management didn't get the memo that Molson's business is in trouble, despite the sinking stock price. With that huge dividend hike, TAP stock is now yielding 4.4%, which makes it the highest-yielder in the U.S. beer and liquor space. With recession fears mounting, investors will warm up to this recession-proof income play soon. Wells Fargo (WFC)Source: Shutterstock Dividend Yield: 4.4%Investors hate bank stocks right now. In fact, other than energy, there's little that is more disliked at the moment. And with that comes opportunity. If you're bearish on the economy and think we're heading into a recession tomorrow, there's a good reason to avoid banks today; but the whole stock market is probably overvalued in that case. If things turn back up even slightly, however, banking shares should roar back.Why's that? Because interest rates have plummeted so rapidly since last year, the bond market is now pricing in the equivalent of six Fed rate cuts to the long end of the curve. If the economy continues performing reasonably well, the Fed will cut significantly fewer than six times in practice. As the rate curve heads back to more normal levels from current extremes, banks will benefit. Right now, people are pricing in a massive drop in profits for the industry going forward, but this could reverse on a dime. * 10 Cyclical Stocks to Buy (or Sell) Now Who wins? Wells Fargo (NYSE:WFC) stock is one obvious winner. Investors have shunned the bank since the account scandals a few years ago. But the bank has thrown out old management and moved on. Meanwhile, the stock price has gone nowhere for many years as capital piles up. This is allowing it to go on an aggressive shareholder return plan now.Wells Fargo is now paying a more than 4% dividend yield. On top of that, the company has authorization to repurchase more than 10% of its total outstanding float over the next year. Add it up, and the bank is offering a shareholder yield of nearly 15%. Throw in any improvement in the economic outlook, and we could see WFC stock rise 25% over the next year and pay a generous dividend along the way. PacWest Bancorp (PACW)Source: Shutterstock Dividend Yield: 7%The other banking dividend stock to consider today is PacWest Bancorp (NASDAQ:PACW), which offers a just over 7% dividend yield at the moment.Headquartered in Los Angeles, PacWest is a major player in the California market and currently sports a near $4.2 billion market cap. That puts it in a sweet spot, size-wise, where it may still be a buy out candidate, but it is large enough to manage the rising costs of regulation and banking technology costs.Despite the horrid state of the California housing market in 2008, PacWest survived the crisis. In fact, its shares never came close to zero during the panic. The bank has come out stronger, and is now generating record profits. Thanks to the corporate tax cuts in particular, PACW stock is now at a cheap P/E ratio of just 9.2 times its trailing earnings.At the time of this writing, Ian Bezek owned BP, PACW, WFC, KHC, MKC, HSY, HRL, and XOM stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Monthly Dividend Stocks to Buy to Pay the Bills * 9 High-Growth Stocks to Buy Now for Monster Returns * 7 Healthy Dividend Stocks to Buy for Extra Stability The post 7 Safe Dividend Stocks for Investors to Buy Right Now appeared first on InvestorPlace.

  • Top Research Reports: Bristol-Myers, CME Group, Chubb & More
    Zacks

    Top Research Reports: Bristol-Myers, CME Group, Chubb & More

    Top Research Reports: Bristol-Myers, CME Group, Chubb & More

  • The Zacks Analyst Blog Highlights: Crocs, Delta Apparel, Helen of Troy, Hershey and Carriage Services
    Zacks

    The Zacks Analyst Blog Highlights: Crocs, Delta Apparel, Helen of Troy, Hershey and Carriage Services

    The Zacks Analyst Blog Highlights: Crocs, Delta Apparel, Helen of Troy, Hershey and Carriage Services

  • 3 Dividend Stocks That Should Pay You the Rest of Your Life
    Motley Fool

    3 Dividend Stocks That Should Pay You the Rest of Your Life

    You can count on the payouts from Apple, BP, and Hershey until the end of your days.

  • Why Hershey Stock Gained 13% in July
    Motley Fool

    Why Hershey Stock Gained 13% in July

    The sweets giant boosted its earnings outlook after a strong second quarter.

  • GuruFocus.com

    5 Companies Hit 52-Week Highs

    Recently, multiple companies have achieved yearly highs Continue reading...

  • 5 Consumer Staples Stocks to Weather the Trade War
    Zacks

    5 Consumer Staples Stocks to Weather the Trade War

    Consumer staples are good defensive plays in uncertain market conditions.

  • The Zacks Analyst Blog Highlights: Pilgrim's Pride,  Starbucks, J & J Snack and Hershey
    Zacks

    The Zacks Analyst Blog Highlights: Pilgrim's Pride, Starbucks, J & J Snack and Hershey

    The Zacks Analyst Blog Highlights: Pilgrim's Pride, Starbucks, J & J Snack and Hershey

  • 3 Safe Stocks to Buy While the Market Melts Down
    InvestorPlace

    3 Safe Stocks to Buy While the Market Melts Down

    Investors hoping for a quick resolution to the latest turn in the trade war better buckle up. A quick scan of news headlines across the net reveals a bull market in words like escalation, retaliation and currency war. Today we'll offer three safe stocks to buy for traders wondering where to hide and where to escape the turmoil.Source: Shutterstock You don't have to be an expert in U.S.-Chinese relations to realize recent developments mean pain for investors. All it takes is one look at stocks this morning. The sea of red reveals all you need to know about how investors feel regarding the battle moving into the currency markets.In case you missed it, the Chinese yuan fell to its lowest level in over a decade. The move is viewed as China's retaliation to last week's latest round of tariff increases announced by President Trump.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Buy-and-Hold Stocks to Own Forever Here are three strong trending stocks that should hold firm amid the tumult. Hershey (HSY)Source: ThinkorSwim Nothing says safety like chocolate bars. Hershey (NYSE:HSY) has already had a banner year. Its year-to-date gains jumped to 44% after last month's earnings release. Since then, we've seen HSY stock form a high base pattern showing little giveback or desire by shareholders to take profits. That also means it held firm in the face of the Federal Reserve meeting and the initial tariff news.This morning's behavior is perhaps the most telling. With the broad market down north of 1.50%, HSY is unchanged. Safe stock? You better believe it. I'm sure the 2% dividend yield doesn't hurt either.The consistency of its trend has also been telling. Its 20-day, 50-day and 200-day moving averages have trended higher all-year long and show the domination of buyers across all time frames.A break below $139 would warrant reassessment, but until then, consider HSY one of the top safe stocks to buy. Procter & Gamble (PG)Source: ThinkorSwim Procter & Gamble (NYSE:PG) hasn't kept up with the pace of HSY, but the consistency of its uptrend has been admirable. Last week's earnings announcement launched PG stock to a new record, pushing its year-to-date gains to 32%. The retracement we've since seen has been orderly and is returning PG to its breakout zone.Traders unwilling to chase the earnings gap now have a lower-risk entry point. On the cash flow front, Proctor & Gamble offers a yield of 2.8%. Its beefy payout has helped boost demand due to falling interest rates elsewhere. * 7 Big Dividend Stocks to Consider In a Low-Rate World As long as PG remains above $110, it's game on for bullish plays. Starbucks (SBUX)Source: ThinkorSwim Starbucks (NASDAQ:SBUX) rounds out today's trio of safe stocks to buy with a robust uptrend of its own. It has been a market-leading and market-beating stock all year long. Last month's earnings beat and stock pop placed an exclamation point on its dominance.SBUX stock has been weighed down slightly by market weakness in recent days, but the drop appears nothing more than a garden-variety pullback on its chart. We haven't even filled the earnings gap yet. Couple that with the rising 20-day moving average looming closely and SBUX looks like one of the best buy-the-dip candidates on the board.A break below $89 would cause me to re-assess, but until then, this is a safe stock to buy.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Generation Z Stocks to Buy Long * 5 Growth Stocks to Buy After the Rate Cut * 5 Dependable Dividend ETFs to Invest In The post 3 Safe Stocks to Buy While the Market Melts Down appeared first on InvestorPlace.

  • 4 Food & Beverage Stocks That Posted Great Q2 Earnings
    Zacks

    4 Food & Beverage Stocks That Posted Great Q2 Earnings

    Rising trends and creative marketing in the food and beverages industry pushed sales in the second quarter.

  • B&G Foods (BGS) Gains on Q2 Earnings Beat, Sales Remain Soft
    Zacks

    B&G Foods (BGS) Gains on Q2 Earnings Beat, Sales Remain Soft

    B&G Foods' (BGS) Q2 earnings crush its negative surprise record. However, sales decline owing to the divestiture of Pirates Brands, which is somewhat offset by the McCann and Clabber Girl buyouts.

  • Hershey Sees a Sweeter 2019 Ahead
    Motley Fool

    Hershey Sees a Sweeter 2019 Ahead

    The confectioner recently raised its sales and profit outlooks.

  • Hershey raises prices on candy bars, Halloween candy is next
    MarketWatch

    Hershey raises prices on candy bars, Halloween candy is next

    Hershey is taking a new approach to pricing, which is raising the cost of items like candy bars to consumers.

  • Reuters

    RPT-FOCUS -As rural India develops taste for chocolate, a dominant Mondelez extends its reach

    CHICAGO/HAROHALLI, India, July 29 (Reuters) - Two years ago, Satish P., a bakery owner in the small village of Harohalli near Bengaluru, had his doubts about stocking Mondelez's Cadbury Silk bars. As Satish and other Harohalli shopkeepers have found chocolate sales in India are taking off, helped by growth in disposable incomes that extends to the country's 650,000 poorer villages where more than two-thirds of the population reside. A boom in e-commerce and a sharp tax cut are also propelling sales higher, spurring global confectioners like Mondelez International Inc, Nestle SA and relative newcomer Hershey Co to invest further in the still small but rapidly expanding market.

  • As rural India develops taste for chocolate, a dominant Mondelez extends its reach
    Reuters

    As rural India develops taste for chocolate, a dominant Mondelez extends its reach

    CHICAGO/HAROHALLI, India (Reuters) - Two years ago, Satish P., a bakery owner in the small village of Harohalli near Bengaluru, had his doubts about stocking Mondelez's Cadbury Silk bars. As Satish and other Harohalli shopkeepers have found chocolate sales in India are taking off, helped by growth in disposable incomes that extends to the country's 650,000 poorer villages where more than two-thirds of the population reside. A boom in e-commerce and a sharp tax cut are also propelling sales higher, spurring global confectioners like Mondelez International Inc, Nestle SA and relative newcomer Hershey Co to invest further in the still small but rapidly expanding market.

  • Thomson Reuters StreetEvents

    Edited Transcript of HSY earnings conference call or presentation 25-Jul-19 12:30pm GMT

    Q2 2019 Hershey Co Earnings Call

  • The Hershey Co (HSY) Q2 2019 Earnings Call Transcript
    Motley Fool

    The Hershey Co (HSY) Q2 2019 Earnings Call Transcript

    HSY earnings call for the period ending June 30, 2019.

  • Companies to Watch: Hershey has sweet quarter, problems for Southwest, Ford struggles
    Yahoo Finance

    Companies to Watch: Hershey has sweet quarter, problems for Southwest, Ford struggles

    Hersey, Southwest Airlines, Ford, Nike and Uber are the companies to watch.