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In a challenging market environment, Hershey Co (NYSE:HSY)’s stock has reached a 52-week low, dipping to $147.52. The renowned confectionery company, known for its iconic chocolate bars and sweets, has faced a significant downturn over the past year, with its stock price reflecting a notable 1-year change of -25.58%. Despite the decline, the company maintains a solid 3.7% dividend yield and has maintained dividend payments for 54 consecutive years. According to InvestingPro analysis, the stock appears undervalued at current levels. This decline has brought Hershey’s shares to a level that investors haven’t seen in the last year, marking a period of concern for shareholders as they watch one of America’s most beloved brands grapple with the pressures of economic headwinds and changing consumer tastes. Technical indicators from InvestingPro suggest the stock is in oversold territory, with 12 additional exclusive ProTips available to help investors navigate this situation.
In other recent news, Hershey Co. has been the subject of several analyst updates due to concerns over high cocoa costs. Bernstein SocGen Group reduced its price target for Hershey shares to $146, while DA Davidson and Deutsche Bank (ETR:DBKGn) adjusted their targets to $164 and $148 respectively. Piper Sandler downgraded Hershey shares from Neutral to Underweight and set a new price target at $120. Amid these adjustments, Hershey is seeking regulatory approval to purchase over 90,000 metric tons of cocoa to combat global shortages and escalating prices.
In addition to these financial challenges, Hershey is undergoing a leadership transition, with CEO Michele Buck planning to retire in mid-2026. This comes alongside upcoming leadership transitions within the U.S. Confection and Salty Snacks divisions. Despite these developments, Hershey maintains strong financial health and has sustained dividend payments for an impressive 54 consecutive years.
These recent developments reflect the current market conditions and industry trends that Hershey is navigating. The company’s future financial performance is being viewed with caution by analysts, given the persistent high costs of cocoa inputs and the potential impact on Hershey’s earnings per share in the coming years.
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