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Cerity Partners LLC increased its stake in Hershey, owning 45,606 shares valued at $8.75 million after acquiring 17,654 additional shares. Kingsview Wealth Management also raised its holdings by 1.0%, now owning 8,151 shares worth $1.56 million. Analysts have mixed ratings on Hershey, with a consensus "Hold" and a target price of $164.67, while the stock opened at $167.38.
BNP Paribas Exane has raised its price target on Hershey Company to $167 from $157 while maintaining a neutral rating. Hershey specializes in chocolate-based products and candies, with 81.7% of net sales from confectionery, 9.8% from snacks, and 8.5% from international activities. The company operates 13 production sites across the U.S., Mexico, and Malaysia.
Morgan Stanley has initiated coverage on Hershey with an Equalweight rating and a price target of $183, noting improved top-line growth and stabilization in market share. However, the firm remains cautious due to cocoa price volatility and recent downward revisions in earnings estimates by analysts. In other developments, Hershey appointed Stacy Taffet as Chief Growth Officer and amended its bylaws to enhance corporate governance. The cocoa market is also seeing changes, with Ghana reporting a significant increase in cocoa arrivals, which may influence future pricing dynamics.
BNP Paribas Exane has raised its price target for The Hershey Company to $157 from $155. Hershey specializes in chocolate-based products and candies, with 81.7% of net sales from brands like Hershey, Reese, and Kisses, while snacks account for 9.8%. The company operates 13 production sites across the U.S., Mexico, and Malaysia.
Hershey operates through three segments: North America Confectionery, North America Salty Snacks, and International, offering a variety of products including chocolate, gum, protein bars, and snacks. Analysts have recently lowered price targets for the stock, with a consensus rating of "Hold" and an average target of $172.32. Institutional investors hold 57.96% of Hershey's stock, reflecting significant interest despite the company's current challenges.
Hershey operates through three segments: North America Confectionery, North America Salty Snacks, and International, offering a variety of products including chocolate, gum, protein bars, and snacks. Analysts have recently downgraded the stock's price targets, with UBS Group lowering it from $189 to $163, reflecting a cautious outlook. Currently, Hershey's stock has an average rating of "Hold" and a market cap of $31.19 billion, with shares trading at $154.13.
The Hershey Company specializes in chocolate products and sweets, with net sales primarily from chocolate-based items (93.6%) including brands like Jolly Rancher and Kit Kat, and snacks (6.4%) such as SkinnyPop. As of 2020, the company operates 9 production sites across the U.S., Mexico, and Malaysia, with 86.4% of sales generated in the United States.
Major equity indexes closed lower amid global uncertainty, with S&P 500 earnings forecasts revised down by 0.5%. The Nasdaq Composite fell 0.6%, while Hershey's stock surged 10.9% on acquisition talks with Mondelez. Nvidia's stock dropped 2.6% due to a Chinese investigation into its business practices. As the Federal Reserve enters a blackout period ahead of its December meeting, CPI data due Wednesday could influence interest rate decisions, with expectations of a potential 25-basis-point cut.
Hershey Co. has revised its full-year sales outlook downward, citing historically high cocoa prices and a challenging consumer environment. In the third quarter, the company reported adjusted earnings per share of $2.34, falling short of analysts' expectations of $2.56.
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hershey stock updates institutional investments and analyst ratings shift
13:19 25.03.2025
bnp paribas exane raises price target on hershey company to 167 dollars
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