The Hershey Company (HSY)

US — Consumer Defensive Sector
Peers: K  SYY  KVUE  KMB  KDP  ADM  EL  JBS  ABEV  KHC 

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Key Metrics & Ratings

  • symbol HSY
  • Rev/Share 56.4591
  • Book/Share 22.4304
  • PB 7.9803
  • Debt/Equity 1.2576
  • CurrentRatio 1.3626
  • ROIC 0.1491

 

  • MktCap 36298214459.0
  • FreeCF/Share 10.6042
  • PFCF 16.8212
  • PE 26.7867
  • Debt/Assets 0.4227
  • DivYield 0.0306
  • ROE 0.2944

 

  • Rating B+
  • Score 3
  • Recommendation Neutral
  • P/E Score 2
  • DCF Score 5
  • P/B Score 1
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Upgrade HSY Piper Sandler Underweight Neutral -- $167 Oct. 31, 2025
Upgrade HSY Goldman Sell Buy -- $222 Sept. 16, 2025
Upgrade HSY BNP Paribas Exane Neutral Outperform -- -- Sept. 15, 2025
Resumed HSY JP Morgan -- Neutral -- $187 Aug. 20, 2025
Reiterated HSY Bernstein -- Market Perform $155 $179 July 31, 2025
Reiterated HSY BofA Securities -- Neutral $175 $208 July 31, 2025
Reiterated HSY Morgan Stanley -- Equal Weight $173 $189 July 31, 2025
Reiterated HSY Mizuho -- Neutral $167 $155 May 28, 2025
Reiterated HSY Bernstein -- Market Perform $147 $155 May 2, 2025
Initiation HSY Morgan Stanley -- Equal Weight -- $183 March 24, 2025

News

Goldman Sachs Says US Stocks Could Lag for 10 Years: 5 Strong Buy Value Dividend Ideas
ABT, HSY, MO, T, VLO
Published: November 13, 2025 by: 24/7 Wall Street
Sentiment: Neutral

Goldman Sachs has projected that U.S. stocks will deliver lackluster returns over the next decade primarily due to two key factors: extreme market concentration and elevated valuations.

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image for news Goldman Sachs Says US Stocks Could Lag for 10 Years: 5 Strong Buy Value Dividend Ideas
The Hershey Company Delivers Holiday Magic with New Treats and Timeless Favorites
HSY
Published: November 06, 2025 by: PRNewsWire
Sentiment: Neutral

KIT KAT® Peppermint Stick, Hershey's Kisses Snickerdoodle Cookie, and Reese's Mini Trees join the festive lineup HERSHEY, Pa. , Nov. 6, 2025 /PRNewswire/ -- 'Tis the season for The Hershey Company to unwrap new treats to celebrate the holidays.

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image for news The Hershey Company Delivers Holiday Magic with New Treats and Timeless Favorites
Hershey Q3 Earnings & Sales Beat Estimates, 2025 Outlook Raised
HSY
Published: October 31, 2025 by: Zacks Investment Research
Sentiment: Positive

HSY beats Q3 earnings and sales estimates with stronger sales and raises its 2025 outlook despite profit pressure from higher costs.

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image for news Hershey Q3 Earnings & Sales Beat Estimates, 2025 Outlook Raised
US retailers lowering prices on Hershey's candy ahead of Halloween: report
HSY
Published: October 30, 2025 by: Fox Business
Sentiment: Negative

U.S. retailers are reportedly offering more discounts on Hershey candy before Halloween as the candy maker hiked prices over tariffs and cocoa inflation.

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image for news US retailers lowering prices on Hershey's candy ahead of Halloween: report
Hershey Q3: Protecting Sales Amid Cocoa Price Volatility
HSY
Published: October 30, 2025 by: Seeking Alpha
Sentiment: Neutral

The Hershey Company reported strong sales in Q3, as sales volumes stayed good despite significant chocolate inflation. Hershey's brands are performing well. Profitability remains a compromise; Hershey's gross margin took a significant hit from cocoa inflation due to limited pricing power. Recent cocoa deflation paves the way for an earnings recovery, but the recovery is likely to be gradual.

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image for news Hershey Q3: Protecting Sales Amid Cocoa Price Volatility
The Hershey Company (HSY) Q3 2025 Earnings Call Transcript
HSY
Published: October 30, 2025 by: Seeking Alpha
Sentiment: Neutral

The Hershey Company ( HSY ) Q3 2025 Earnings Call October 30, 2025 8:30 AM EDT Company Participants Anoori Naughton - Senior Director of Investor Relations Kirk Tanner - President, CEO & Director Steven Voskuil - Senior VP & CFO Conference Call Participants Andrew Lazar - Barclays Bank PLC, Research Division Max Andrew Gumport - BNP Paribas Exane, Research Division David Palmer - Evercore ISI Institutional Equities, Research Division Leah Jordan - Goldman Sachs Group, Inc., Research Division Megan Christine Alexander - Morgan Stanley, Research Division Thomas Palmer - JPMorgan Chase & Co, Research Division Peter Galbo - BofA Securities, …

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image for news The Hershey Company (HSY) Q3 2025 Earnings Call Transcript
Hershey (HSY) Reports Q3 Earnings: What Key Metrics Have to Say
HSY
Published: October 30, 2025 by: Zacks Investment Research
Sentiment: Neutral

While the top- and bottom-line numbers for Hershey (HSY) give a sense of how the business performed in the quarter ended September 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

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image for news Hershey (HSY) Reports Q3 Earnings: What Key Metrics Have to Say
Hershey Shares Slide Despite Strong Q3 Earnings and Revised Full-Year Guidance
HSY
Published: October 30, 2025 by: 24/7 Wall Street
Sentiment: Neutral

Hershey delivered a decisive earnings beat this morning, posting third-quarter results that significantly exceeded Wall Street expectations and prompted management to raise full-year guidance.

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image for news Hershey Shares Slide Despite Strong Q3 Earnings and Revised Full-Year Guidance
Hershey's Halloween sales have disappointed, but there's hope for last-minute buying
HSY
Published: October 30, 2025 by: Market Watch
Sentiment: Neutral

Hershey said Halloween sales have been soft this year but last-minute buying is expected to bring the business up to 2024 levels.

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image for news Hershey's Halloween sales have disappointed, but there's hope for last-minute buying
Gear Up for Hershey (HSY) Q3 Earnings: Wall Street Estimates for Key Metrics
HSY
Published: October 28, 2025 by: Zacks Investment Research
Sentiment: Positive

Besides Wall Street's top-and-bottom-line estimates for Hershey (HSY), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2025.

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image for news Gear Up for Hershey (HSY) Q3 Earnings: Wall Street Estimates for Key Metrics
HSY to Report Q3 Earnings: Should You Expect a Beat This Time?
HSY
Published: October 27, 2025 by: Zacks Investment Research
Sentiment: Positive

Hershey's pricing moves and efficiency programs may have lifted Q3 sales, though cocoa costs and brand spend are likely to have squeezed margins.

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image for news HSY to Report Q3 Earnings: Should You Expect a Beat This Time?
Hershey (HSY) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
HSY
Published: October 23, 2025 by: Zacks Investment Research
Sentiment: Positive

Hershey (HSY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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image for news Hershey (HSY) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Goldman Sachs 4 New Conviction List Stocks Offer Dividends and Growth
ABT, APD, HSY, MSGE
Published: October 17, 2025 by: 24/7 Wall Street
Sentiment: Positive

The Goldman Sachs Conviction List is a curated list of stocks that the firm's research team believes have a high likelihood of outperforming the market.

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image for news Goldman Sachs 4 New Conviction List Stocks Offer Dividends and Growth
Hershey: Cheaper Cocoa/Sugar Trigger Robust 2026 Margin Recovery Prospects
HSY
Published: October 09, 2025 by: Seeking Alpha
Sentiment: Neutral

HSY may report a rich 2026 margin recovery, thanks to the drastically moderating sugar/cocoa spot prices and the recent price hikes. These imply that the confectionery may potentially achieve the rich 2026 adj. EPS performance of over ~$10 and the 2030 adj. EPS growth target at a CAGR of "6%-8%." Otherwise, I urge readers to temper their near-term expectations, since HSY may deliver an underwhelming FQ3'25 earnings call attributed to intensifying competitive pressure and tougher YoY comparison.

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image for news Hershey: Cheaper Cocoa/Sugar Trigger Robust 2026 Margin Recovery Prospects
The Hershey Company Highlights New Products and Drives Retail Growth at 2025 NACS Show
HSY
Published: October 09, 2025 by: PRNewsWire
Sentiment: Neutral

HERSHEY, Pa. , Oct. 9, 2025 /PRNewswire/ -- Event Details: Event: NACS Show Expo 2025 Dates: October 15-17, 2025 Location: Chicago, IL Hershey Booth: #S5706 EXECUTIVE SUMMARY The Hershey Company (NYSE: HSY) will showcase product innovations and convenience channel growth strategies at the 2025 NACS Show Expo, featuring the highly anticipated Reese's OREO® Cup and new offerings across its snacking portfolio, including confectionery, salty snacks and protein offerings.

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image for news The Hershey Company Highlights New Products and Drives Retail Growth at 2025 NACS Show
Why Investors Need to Take Advantage of These 2 Consumer Staples Stocks Now
HSY, MNST
Published: October 08, 2025 by: Zacks Investment Research
Sentiment: Positive

Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.

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image for news Why Investors Need to Take Advantage of These 2 Consumer Staples Stocks Now
Will Hershey (HSY) Beat Estimates Again in Its Next Earnings Report?
HSY
Published: October 03, 2025 by: Zacks Investment Research
Sentiment: Positive

Hershey (HSY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

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image for news Will Hershey (HSY) Beat Estimates Again in Its Next Earnings Report?
Top 50 High-Quality Dividend Growth Stocks For October 2025
AAPL, ACN, ALLE, AMAT, APH, CTAS, DHI, DKS, DPZ, EOG, FAST, FDS, GGG, GRMN, GWW, HCA, HD, HSY, JKHY, KLAC, LECO, LLY, LRCX, MLI, MPWR
Published: October 03, 2025 by: Seeking Alpha
Sentiment: Positive

I track a universe of 50 high-quality dividend growth stocks to identify opportune investments based on valuation and future return potential. As of October 2, 2025, 22 stocks offer attractive future return estimates of at least 10%, with 15 appearing potentially undervalued by my Free Cash Flow model. Top-ranked stocks include MKTX, RMD, MPWR, RACE, and MSCI, each offering strong projected returns driven by yield, valuation upside, and EPS growth.

Read More
image for news Top 50 High-Quality Dividend Growth Stocks For October 2025
These 2 Consumer Staples Stocks Could Beat Earnings: Why They Should Be on Your Radar
HSY, PM
Published: September 23, 2025 by: Zacks Investment Research
Sentiment: Positive

The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.

Read More
image for news These 2 Consumer Staples Stocks Could Beat Earnings: Why They Should Be on Your Radar
Hershey stock higher on Goldman Sachs upgrade
HSY
Published: September 16, 2025 by: Proactive Investors
Sentiment: Positive

Hershey Company (NYSE:HSY, ETR:HSY) shares gained more than 3% to $191.92 in midday trading on Tuesday after Goldman Sachs upgraded its rating on the chocolate maker's stock to ‘Buy' from ‘Sell'. The investment bank also lifted its target price on Hershey to $222 per share from $170, citing an improved outlook and the risks now being fully priced into the stock.

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image for news Hershey stock higher on Goldman Sachs upgrade
Wall Street Turns Bullish on Hershey. Why the Stock Is in a Sweet Spot.
HSY
Published: September 16, 2025 by: Barrons
Sentiment: Positive

Hershey recently raised prices across its confection portfolio, and consumers didn't balk as much as expected.

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image for news Wall Street Turns Bullish on Hershey. Why the Stock Is in a Sweet Spot.
Hershey shares jump 3% after Goldman Sachs double upgrade
HSY
Published: September 16, 2025 by: Invezz
Sentiment: Positive

Hershey shares surged 3% in premarket after Goldman Sachs issued a rare double upgrade on the chocolate maker, raising its rating to buy from sell and boosting its price target to $222 from $170. The new target implies more than 19% upside from Monday's closing price.

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image for news Hershey shares jump 3% after Goldman Sachs double upgrade
Hershey Targets $400M in Cost Savings: Where Does It Stand Now?
HSY
Published: September 04, 2025 by: Zacks Investment Research
Sentiment: Positive

HSY boosts its Triple A savings goal to $400 million, aiming to offset cocoa inflation and restore profit margins.

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image for news Hershey Targets $400M in Cost Savings: Where Does It Stand Now?
The Hershey Company Appoints Natalie Rothman as Chief Human Resources Officer
HSY, UDMY
Published: August 18, 2025 by: PRNewsWire
Sentiment: Neutral

Seasoned HR Executive Brings 25+ Years of Leadership Experience in Building High-Performing Teams and Modernizing HR Operations HERSHEY, Pa. , Aug. 18, 2025 /PRNewswire/ -- The Hershey Company (NYSE: HSY) today announced the appointment of Natalie Rothman as Chief Human Resources Officer, effective August 18, 2025.

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image for news The Hershey Company Appoints Natalie Rothman as Chief Human Resources Officer
Cocoa Futures Send Hershey Stock Lower, Dip Opportunity?
HSY
Published: August 17, 2025 by: MarketBeat
Sentiment: Neutral

There is a significant difference between trading and investing. Trading concentrates on short-term fluctuations that may not last, while investing views these short-term events as opportunities to secure upside potential, with the focus on eventually returning to normal behavior, which is inevitable.

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image for news Cocoa Futures Send Hershey Stock Lower, Dip Opportunity?
HAUNTINGLY TASTY: THE HERSHEY COMPANY UNWRAPS NEW TWISTS ON BELOVED HALLOWEEN CLASSICS
HSY
Published: August 12, 2025 by: PRNewsWire
Sentiment: Neutral

NEW! KIT KAT® Counts, REESE'S Mini Pumpkins and fan-favorite collaborations lead the charge in transforming the Halloween candy experience. HERSHEY, Pa.

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image for news HAUNTINGLY TASTY: THE HERSHEY COMPANY UNWRAPS NEW TWISTS ON BELOVED HALLOWEEN CLASSICS
5 Dividend Stocks to Hold for the Next 5 Years
CLX, GIS, HRL, HSY, PEP
Published: August 10, 2025 by: The Motley Fool
Sentiment: Positive

Wall Street tends to cycle through stock themes even though some sectors tend to be filled with strong businesses. And even strong businesses go through hard times.

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image for news 5 Dividend Stocks to Hold for the Next 5 Years
Oreos Inside Reese's. Reese's Inside Oreos.
HSY, MDLZ
Published: August 08, 2025 by: WSJ
Sentiment: Positive

The combination of two of America's favorite treats sounded simple. In reality, the collaboration between Hershey and Mondelez involved secret talks, coded clues and taste tests. So many taste tests.

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image for news Oreos Inside Reese's. Reese's Inside Oreos.
Top 50 High-Quality Dividend Stocks For August 2025
AAPL, ACN, ALLE, AMAT, APH, CTAS, DHI, DKS, DPZ, EOG, FAST, FDS, GGG, GRMN, GWW, HCA, HD, HSY, JKHY, KLAC, LECO, LLY, LRCX, MA, MKTX, MLI, MPWR, MSCI, MSFT, NKE, NTES, NXPI, ODFL, PAYX, POOL, QCOM, RACE, RMD, ROL, ROST, SBUX, SCHD, SPY, TJX, TSCO, TT, TTC, V, WSM, WSO, WST, ZTS
Published: August 06, 2025 by: Seeking Alpha
Sentiment: Positive

My investable universe of 50 high-quality dividend growth stocks aims to identify attractive opportunities based on valuation and future return potential. Currently, 20 stocks offer an estimated future return of at least 10%, with 10 of these also appearing potentially undervalued by my Free Cash Flow model. Top highlighted stocks like MKTX, RACE, RMD, MSCI, and TTC combine strong free cash flow growth, attractive valuations, and double-digit return estimates.

Read More
image for news Top 50 High-Quality Dividend Stocks For August 2025
Hershey Q2 Earnings Top Estimates on Strong Sales Growth
HSY
Published: July 31, 2025 by: Zacks Investment Research
Sentiment: Positive

HSY beats Q2 estimates with 26% sales growth, but earnings slip y/y amid rising costs and heavy marketing spend.

Read More
image for news Hershey Q2 Earnings Top Estimates on Strong Sales Growth

About The Hershey Company (HSY)

  • IPO Date 1980-03-17
  • Website https://www.thehersheycompany.com
  • Industry Food Confectioners
  • CEO Kirk C. Tanner
  • Employees 18540

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, meat snacks, bars and snack bites, mixes, popcorn, and protein bars. 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.