In a challenging market environment, Hershey Co (NYSE:HSY)’s stock has touched a 52-week low, dipping to $150.28. 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 -20.32%. Despite the decline, InvestingPro analysis shows the company maintains strong dividend fundamentals, having increased dividends for 15 consecutive years with a current yield of 3.6%. Investors and market analysts are closely monitoring Hershey’s performance as it navigates through the pressures of economic headwinds and changing consumer preferences, which have contributed to the stock’s recent decline. The current price level presents a critical juncture for the company as it strives to adapt and innovate in an increasingly competitive landscape. With analyst targets ranging from $134 to $222 and the stock currently trading below its Fair Value, InvestingPro subscribers can access 8 additional exclusive insights and a comprehensive Pro Research Report for deeper analysis.
In other recent news, Hershey Co. is facing significant changes in its financial and leadership landscape. Deutsche Bank (ETR:DBKGn) has adjusted Hershey’s stock price target to $148 due to persistently high cocoa prices, and Piper Sandler has also reduced its price target on Hershey shares, citing increased cocoa cost risks. Citi analyst Thomas Palmer maintains a Sell rating on Hershey due to concerns over rising cocoa inflation. Hershey’s CEO, Michele Buck, is set to retire by June 2026, adding complexity to the company’s outlook. Amidst these developments, Hershey is grappling with global cocoa shortages and escalating prices, prompting the company to seek regulatory approval to purchase over 90,000 metric tons of cocoa, a substantial increase from current limits. These recent developments provide investors with a snapshot of the current state of Hershey Co., as the company navigates through these challenges.
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