HSY Stock Summary and Trading Ideas (Hershey Company | NYSE:HSY)

Hershey is a leading confectionery manufacturer in the us (around a $25 billion market), controlling around 36% of the domestic chocolate space (per Euromonitor). Beyond its namesake label, the firm's mix has expanded over the last 85 years and now consists of 100 brands, including Reese's, Kit Kat, Kisses, and Ice Breakers. Hershey's products are sold in about 80 countries, albeit with just a high-single-digit percentage of sales coming from markets outside the us, including Brazil, India, and Mexico. The firm has sought inorganic opportunities to extend its reach beyond its core confection business, adding Amplify Snack Brands and its Skinny Pop ready-to-eat popcorn to its mix, Pirate Brands, and Dot's Pretzels over the past few years.

Hershey Company trades on the NYSE stock market under the symbol HSY.

As of May 3, 2024, HSY stock price climbed to $197.92 with 3,099,702 million shares trading.

HSY has a beta of 0.43, meaning it tends to be less sensitive to market movements. HSY has a correlation of 0.09 to the broad based SPY ETF.

HSY has a market cap of $40.42 billion. This is considered a Large Cap stock.

Last quarter Hershey Company reported $3 billion in Revenue and $2.02 earnings per share. This fell short of revenue expectation by $-43 million and exceeded earnings estimates by $.07.

In the last 3 years, HSY stock traded as high as $276.88 and as low as $165.76.

The top ETF exchange traded funds that HSY belongs to (by Net Assets): VTI, VOO, SCHD, SPY, VO.

HSY has underperformed the market in the last year with a return of -26.1%, while the SPY ETF gained +27.0%. In the last 3 month period, HSY fell short of the market, returning +0.8%, while SPY returned +3.7%. However, in the most recent 2 weeks HSY has outperformed the stock market by returning +7.0%, while SPY returned +3.3%.

HSY support price is $193.29 and resistance is $198.47 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HSY stock will trade within this expected range on the day.