Hershey (HSY) Stock Overview
Engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 2/6 |
| Past Performance | 1/6 |
| Financial Health | 4/6 |
| Dividends | 4/6 |
Rewards
Risk Analysis
HSY Community Fair Values
Create NarrativeSee what 161 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Top Community Narratives
US$85.86
FV
108.8% overvalued intrinsic discount-7.75%
Revenue growth p.a.
67
users have viewed this narrative0users have liked this narrative
0users have commented on this narrative
3users have followed this narrative
The Hershey Company Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$179.27 |
| 52 Week High | US$239.48 |
| 52 Week Low | US$160.07 |
| Beta | 0.081 |
| 1 Month Change | -7.96% |
| 3 Month Change | -17.39% |
| 1 Year Change | 4.20% |
| 3 Year Change | -31.03% |
| 5 Year Change | 4.23% |
| Change since IPO | 17,109.91% |
Recent News & Updates
Analysis Article • Jun 19
Hershey (HSY) Stock Could Be 42.3% Below Fair Value As Cocoa Costs Ease
Hershey (HSY) has been back on investors’ radar after a recent 5% share price drop tied to Federal Reserve rate commentary, followed by renewed interest as cocoa costs eased and salty snack growth drew attention. See our latest analysis for Hershey. Set against that backdrop, Hershey’s recent share price weakness has come after a tougher stretch. The stock is down 10.46% on a 1 month share price basis and 17.85% on a 3 month share price basis. The 1 year total shareholder return of 4.76%...
Narrative Update • Jun 16
HSY: Cocoa Cost Relief And Category Strength Will Support 2026 Earnings Recovery
Hershey's analyst price target remains at $255, as analysts balance a series of recent target reductions with fresh upgrades. These upgrades highlight a more constructive view on the confection category and the company's plans for the second half of 2026.Seeking Alpha • Jun 16
Hershey: Margins Rebound And The Company Is Back On Track
Summary Hershey is showing renewed optimism and growth after two challenging years of commodity inflation. HSY's Q1 2026 earnings highlight a pivotal moment: rapid margin recovery and renewed investment for long-term growth. The company is leveraging the easing of input cost pressures to strengthen both profitability and future expansion. Leadership emphasizes this period as historically unique, balancing near-term recovery with strategic reinvestment. Read the full article on Seeking Alpha
New Narrative • Jun 13
Hershey - fortress brand-and-scale position in U.S. confectionery: protects the downside far better than it compounds the upside
A fortress brand-and-scale position in U.S. confectionery (Reese’s, Hershey’s, Kisses) generates ~23% through-cycle ROIC and exceptionally durable free cash flow that fell only ~13% even in the worst input-cost year on record. The 2025 cocoa shock — a ~60% GAAP EPS collapse driven largely by non-cash hedge mark-to-market — obscured an underlying cash engine that remained intact.Recent updates
Analysis Article • Jun 19
Hershey (HSY) Stock Could Be 42.3% Below Fair Value As Cocoa Costs Ease
Hershey (HSY) has been back on investors’ radar after a recent 5% share price drop tied to Federal Reserve rate commentary, followed by renewed interest as cocoa costs eased and salty snack growth drew attention. See our latest analysis for Hershey. Set against that backdrop, Hershey’s recent share price weakness has come after a tougher stretch. The stock is down 10.46% on a 1 month share price basis and 17.85% on a 3 month share price basis. The 1 year total shareholder return of 4.76%...Narrative Update • Jun 16
HSY: Cocoa Cost Relief And Category Strength Will Support 2026 Earnings Recovery
Hershey's analyst price target remains at $255, as analysts balance a series of recent target reductions with fresh upgrades. These upgrades highlight a more constructive view on the confection category and the company's plans for the second half of 2026.Seeking Alpha • Jun 16
Hershey: Margins Rebound And The Company Is Back On Track
Summary Hershey is showing renewed optimism and growth after two challenging years of commodity inflation. HSY's Q1 2026 earnings highlight a pivotal moment: rapid margin recovery and renewed investment for long-term growth. The company is leveraging the easing of input cost pressures to strengthen both profitability and future expansion. Leadership emphasizes this period as historically unique, balancing near-term recovery with strategic reinvestment. Read the full article on Seeking AlphaNew Narrative • Jun 13
Hershey - fortress brand-and-scale position in U.S. confectionery: protects the downside far better than it compounds the upside
A fortress brand-and-scale position in U.S. confectionery (Reese’s, Hershey’s, Kisses) generates ~23% through-cycle ROIC and exceptionally durable free cash flow that fell only ~13% even in the worst input-cost year on record. The 2025 cocoa shock — a ~60% GAAP EPS collapse driven largely by non-cash hedge mark-to-market — obscured an underlying cash engine that remained intact.Narrative Update • Jun 02
HSY: Cocoa Cost Normalization From 2026 Will Support Earnings Recovery
Hershey's analyst fair value estimate has shifted slightly lower, moving from $267 to $255, as analysts factor in a modestly higher discount rate, slightly softer revenue growth expectations, and updated P/E assumptions, while still highlighting constructive commentary on the confection category and Hershey's second half 2026 plans. Analyst Commentary Recent Street research around Hershey has been mixed, with several firms trimming price targets while others see enough upside to justify upgrades or higher fair value estimates.
Narrative Update • May 18
HSY: Cocoa Cost Relief And Recipe Reset Will Shape Demand Resilience
Hershey's updated analyst price target edges higher to $175.32 from $174.24, as analysts factor in slightly adjusted assumptions for revenue growth, profit margins, discount rates, and forward P/E multiples, following a mix of recent target cuts, a fresh upgrade, and several revised price objectives across the Street. Analyst Commentary Recent research on Hershey has leaned cautious, with several firms trimming price targets across a short window and only a handful raising their views.Analysis Article • May 03
The Hershey Company Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
As you might know, The Hershey Company ( NYSE:HSY ) just kicked off its latest first-quarter results with some very...Narrative Update • May 02
HSY: Future Cocoa Relief And Margin Execution Will Test Demand Resilience
Hershey's refreshed analyst price target moves from about $160 to roughly $174. This reflects analysts' updated mix of slightly higher projected margins, modestly lower revenue growth assumptions, and a somewhat richer future P/E multiple following a wide range of recent target cuts and raises across the Street.
Narrative Update • Apr 18
HSY: Cocoa Cost Normalization Will Shape Future Earnings Resilience
Hershey's updated analyst price target edges lower by about $2, as analysts weigh slightly higher revenue growth and margin expectations against a modestly reduced future P/E, along with a series of recent target cuts and rating shifts across the Street. Analyst Commentary Recent Street research shows a mix of optimism and caution on Hershey, with several firms adjusting price targets higher or lower and a few making rating changes that affect how investors may think about valuation and execution risk.Narrative Update • Apr 03
HSY: Easing Cocoa Costs And Tariff Removal Will Support Earnings Recovery
Hershey's updated analyst price target holds steady at $267, as analysts balance recent target cuts from several firms with upward revisions and upgrades that highlight easing cocoa costs, potential earnings recovery and slightly higher long term assumptions for revenue growth, profit margin and future P/E. Analyst Commentary Bullish analysts are leaning into a more constructive view on Hershey, even as some firms trim targets or remove the stock from preferred lists.Narrative Update • Mar 20
HSY: Cocoa Normalization And Tariff Removal Will Support Future Earnings Recovery
Hershey's analyst price targets have generally moved higher, with some recent updates reaching up to $247. Analysts point to easing cocoa costs, the removal of cocoa tariffs, and expectations for an earnings recovery over the next few years.Narrative Update • Mar 05
HSY: Easing Cocoa Costs And TikTok Push Will Shape Demand Elasticity
Analysts have raised our Hershey fair value estimate from $194.35 to $229.65, reflecting higher Street price targets across multiple firms and updated assumptions for slightly stronger revenue growth, higher profit margins, and a modestly richer future P/E. Analyst Commentary Recent Street research on Hershey points to a cluster of higher price targets and, in some cases, rating changes, which feed directly into the updated fair value range.Narrative Update • Feb 19
HSY: Easing Cocoa Costs Will Support Reinvestment And Future Earnings Power
Our fair value estimate for Hershey has been updated to $267 from $224, reflecting a series of higher analyst price targets that cite easing cocoa costs, tariff relief, and increased flexibility to reinvest in growth. Analyst Commentary Recent Street research on Hershey has tilted clearly bullish, with a cluster of higher price targets and at least one rating upgrade as cocoa and tariff headwinds ease.Narrative Update • Feb 05
HSY: Tariff Relief And Lower Cocoa Costs Will Not Resolve Demand Risks
Analysts have lifted their average price target for Hershey by about $9, reflecting updated views on easing cocoa costs, tariff relief on cocoa imports, and revised assumptions for revenue growth, profit margins, and future P/E multiples. Analyst Commentary Recent research updates on Hershey cluster around easing cocoa costs, tariff relief, and adjustments to long term growth and margin assumptions.Narrative Update • Jan 22
HSY: Easing Cocoa Costs And Tariff Relief Will Rebuild Earnings Power
Analysts have raised their fair value estimate for Hershey by about $17 to $224, citing improved cost visibility from easing cocoa prices and tariff relief. A higher assumed future P/E multiple also offsets more cautious assumptions for revenue growth and margins.Narrative Update • Jan 08
HSY: Easing Cocoa Tariffs And Cost Relief Will Test Demand Elasticity
Analysts have nudged their Hershey fair value estimate higher to about US$194 from roughly US$192, highlighting easing cocoa costs, tariff relief, and scope for reinvestment that support slightly higher long term margins along with a modestly richer future P/E assumption. Analyst Commentary Recent Street research on Hershey clusters around two themes, easing cocoa and tariff costs on the positive side, and questions around demand elasticity and earnings power on the cautious side.Narrative Update • Dec 15
HSY: Future Tariff Relief Will Not Fully Offset Margin And Demand Risks
Analysts have raised their fair value estimate for Hershey to approximately $151 from about $126, citing higher long term margin expectations, modestly richer forward valuation multiples, and tariff relief that should offset slower projected revenue growth and a slightly higher discount rate. Analyst Commentary Recent Street research reflects a more balanced, but still cautious, stance on Hershey, with several Bearish analysts trimming price targets or maintaining neutral ratings despite operational resilience.Narrative Update • Oct 16
Tariff Mitigation And New Reese's Product Will Create Opportunity
Hershey's fair value estimate was modestly increased to $191.95 from $189.18 as analysts cited strengthening category growth, improved earnings outlook, and revitalized innovation as supporting factors for higher price targets across the Street. Analyst Commentary Recent Street research on Hershey reflects a dynamic outlook, with both bullish and cautious perspectives shaping the current investment narrative.Narrative Update • Sep 17
Tariff Mitigation And New Reese's Product Will Create Opportunity
Hershey’s consensus price target was raised to $189.18 as analysts responded positively to strong Q2 results, upward revised EPS outlook, robust category growth, and pricing power, offsetting initial CEO transition uncertainty. Analyst Commentary Q2 earnings and 2025 guidance surpassed expectations, with analysts raising EPS estimates for FY25 and FY26.Narrative Update • Aug 27
Tariff Mitigation And New Reese's Product Will Create Opportunity
Analysts have raised Hershey’s price target to $184.64, citing strong Q2 results, improved long-term EPS guidance, robust category trends, and positive reaction to pricing and innovation initiatives, though some remain cautious on sector fundamentals and the incoming CEO’s limited public company track record. Analyst Commentary Bullish analysts increased price targets following Hershey's better-than-expected Q2 results, improved FY25 and FY26 adjusted EPS guidance, and the company's implementation of full-year tariffs.Analysis Article • Aug 08
Hershey (NYSE:HSY) Has Announced A Dividend Of $1.37
The board of The Hershey Company ( NYSE:HSY ) has announced that it will pay a dividend on the 15th of September, with...Seeking Alpha • Apr 12
Hershey: Inflated Cocoa/ Sugar Prices & Intensified Tariff War Trigger Headwinds
Summary HSY continues to face profit margin headwinds, as observed in the still elevated cocoa/ sugar spot prices and the management's decision to keep prices at less than $4. This is worsened by the salty snack endeavors yet to deliver renewed growth opportunities, despite the increased focus on healthier snack items. Readers must also note that the intensified trade war may impact consumer sentiments surrounding US-made products, as boycotts occur in some countries. This is on top of HSY's global operations in numerous countries, as import tariffs potentially impact consumer affordability during a challenging macroeconomic environment. Combined with the higher short interest volume, elevated CBOE Volatility Index, and possible miss against the reiterated FY2025 guidance, its prospects appear mixed ahead. Read the full article on Seeking AlphaSeeking Alpha • Mar 11
Hershey: Cocoa Price Turbulence Continues
Summary Hershey ended a turbulent 2024 relatively well while surging cocoa prices affected the company. Derivative hedges eased earnings pressure in 2024 against stagnating adjusted earnings. After a more stable 2024, the Company now expects 2025 earnings to deteriorate, reflecting higher sourcing prices for cocoa. Cocoa production has improved well, even turning to an expected supply surplus. Yet, while prices should moderate at some point, cocoa prices are likely to remain elevated for some time. HSY stock already reflects a fair earnings recovery. I estimate a fair value of $195. Read the full article on Seeking AlphaShareholder Returns
| HSY | US Food | US Market | |
|---|---|---|---|
| 7D | -1.8% | -2.3% | -2.3% |
| 1Y | 4.2% | -8.5% | 21.2% |
Return vs Industry: HSY exceeded the US Food industry which returned -8.5% over the past year.
Return vs Market: HSY underperformed the US Market which returned 21.2% over the past year.
Price Volatility
| HSY volatility | |
|---|---|
| HSY Average Weekly Movement | 4.0% |
| Food Industry Average Movement | 5.7% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.7% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: HSY has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: HSY's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1894 | 18,573 | Kirk Tanner | www.thehersheycompany.com |
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. It operates through three segments: North America Confectionery, North America Salty Snacks, and International. The company offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.
The Hershey Company Fundamentals Summary
| HSY fundamental statistics | |
|---|---|
| Market cap | US$34.66b |
| Earnings (TTM) | US$1.09b |
| Revenue (TTM) | US$11.99b |
33.2x
P/E Ratio3.0x
P/S RatioIs HSY overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| HSY income statement (TTM) | |
|---|---|
| Revenue | US$11.99b |
| Cost of Revenue | US$7.79b |
| Gross Profit | US$4.20b |
| Other Expenses | US$3.11b |
| Earnings | US$1.09b |
Last Reported Earnings
Mar 29, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 5.39 |
| Gross Margin | 35.04% |
| Net Profit Margin | 9.12% |
| Debt/Equity Ratio | 111.6% |
How did HSY perform over the long term?
See historical performance and comparisonDividends
3.2%
Current Dividend Yield103%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/23 02:58 |
| End of Day Share Price | 2026/06/23 00:00 |
| Earnings | 2026/03/29 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
The Hershey Company is covered by 39 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Argus Research Company |
| Andrew Lazar | Barclays |
| Fintan Ryan | Berenberg |