The Hershey Company which can be found using ticker (HSY) now have 19 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 280 and 235 suggesting an average Analsyt target price of $256.89. Given that the stocks previous close was at $257.30 this would imply there is a potential downside of -.2%. It’s also worth noting that there is a 50 day moving average of $245.72 and the 200 day moving average is $231.57. The total market capitalization for the company now stands at $53,056m. Company Website: https://www.thehersheycompany.com
The potential market cap would be $52,972m based on the market consensus.
The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels. The company provides its products primarily under the Hershey’s, Reese’s, Kisses, Jolly Rancher, Almond Joy, Brookside, barkTHINS, Cadbury, Good & Plenty, Heath, Kit Kat, Payday, Rolo, Twizzlers, Whoppers, York, Ice Breakers, Breath Savers, Bubble Yum, Lily’s, SkinnyPop, Pirates Booty, Paqui, Dot’s Homestyle Pretzels, and ONE Bar brands, as well as under the Pelon Pelo Rico, IO-IO, and Sofit brands. It markets and sells its products to wholesale distributors, chain grocery stores, mass merchandisers, chain drug stores, vending companies, wholesale clubs, convenience stores, dollar stores, concessionaires, and department stores. The company was founded in 1894 and is headquartered in Hershey, Pennsylvania.
The company has a dividend yield of 1.61% with the ex dividend date set at 16-2-2023 (DMY).
Other points of data to note are a P/E ratio of 32.66, revenue per share of 50.69 and a 13.17% return on assets.
