Important Information

You are visiting the international Vantage Markets website, distinct from the website operated by Vantage Global Prime LLP
( www.vantagemarkets.co.uk ) which is regulated by the Financial Conduct Authority ("FCA").

This website is managed by Vantage Markets' international entities, and it's important to emphasise that they are not subject to regulation by the FCA in the UK. Therefore, you must understand that you will not have the FCA’s protection when investing through this website – for example:

  • You will not be guaranteed Negative Balance Protection
  • You will not be protected by FCA’s leverage restrictions
  • You will not have the right to settle disputes via the Financial Ombudsman Service (FOS)
  • You will not be protected by Financial Services Compensation Scheme (FSCS)
  • Any monies deposited will not be afforded the protection required under the FCA Client Assets Sourcebook. The level of protection for your funds will be determined by the regulations of the relevant local regulator.

If you would like to proceed and visit this website, you acknowledge and confirm the following:

  • 1.The website is owned by Vantage Markets' international entities and not by Vantage Global Prime LLP, which is regulated by the FCA.
  • 2.Vantage Global Limited, or any of the Vantage Markets international entities, are neither based in the UK nor licensed by the FCA.
  • 3.You are accessing the website at your own initiative and have not been solicited by Vantage Global Limited in any way.
  • 4.Investing through this website does not grant you the protections provided by the FCA.
  • 5.Should you choose to invest through this website or with any of the international Vantage Markets entities, you will be subject to the rules and regulations of the relevant international regulatory authorities, not the FCA.

Vantage wants to make it clear that we are duly licensed and authorised to offer the services and financial derivative products listed on our website. Individuals accessing this website and registering a trading account do so entirely of their own volition and without prior solicitation.

By confirming your decision to proceed with entering the website, you hereby affirm that this decision was solely initiated by you, and no solicitation has been made by any Vantage entity.

I confirm my intention to proceed and enter this website Please direct me to the website operated by Vantage Global Prime LLP, regulated by the FCA in the United Kingdom

By providing your email and proceeding to create an account on this website, you acknowledge that you will be opening an account with Vantage Global Limited, regulated by the Vanuatu Financial Services Commission (VFSC), and not the UK Financial Conduct Authority (FCA).

    Please tick all to proceed

  • Please tick the checkbox to proceed
  • Please tick the checkbox to proceed
Proceed Please direct me to website operated by Vantage Global Prime LLP, regulated by the FCA in the United Kingdom.

×

Watch Reborn a Trader

en

View More
SEARCH
  • All
    Trading
    Platforms
    Academy
    Analysis
    Promotions
    About
  • Search
Keywords
  • Forex Trading
  • Vantage Rewards
  • Trading Fees
  • facebook
  • instagram
  • twitter
  • linkedin
  • youtube
  • telegram
The Hershey Company (NYSE:HSY) Stock Overview: All You Need to Know About Hershey’s

TABLE OF CONTENTS

The Hershey Company (NYSE:HSY) Stock Overview: All You Need to Know About Hershey’s

The Hershey Company (NYSE:HSY) Stock Overview: All You Need to Know About Hershey’s

Vantage Updated Updated Fri, 2024 January 26 04:13

From sweet confections like chocolate bars to savoury treats like pretzels, The Hershey Company has solidified its global reputation as a powerhouse in the world of snacks. Over its storied history, the company has seamlessly transitioned from crafting iconic chocolates to curating a comprehensive selection that caters to various flavour cravings. 

Here’s a handy guide to Hershey, where we cover everything from it’s history, to current stock price, dividend yield and more.

History [1]

Hershey’s history begins with Milton S Hershey and his caramel business in the 1880s when he established the Lancaster Caramel Company in Lancaster, Pennsylvania. During this time, chocolate was only used as a coating for his caramels. 

This changed after seeing German-made chocolate machinery at the World’s Columbian Exposition in 1983. Inspired by this encounter, Hershey decided to go into the world of chocolate. In 1984, he established The Hershey chocolate company, where he then later sold their first candy bar in 1900. Hershey’s method of mass production made milk chocolate, a treat available only to the rich — an affordable luxury at that time. 

In 1907, The Hershey Company manufactured its first iconic chocolate Kisses. Initially wrapped by hand, the introduction of advanced machinery in 1921 streamlined production, giving rise to the distinctive foil wrapper adorned with the signature paper plume. Now, more than 70 million Hershey’s Kisses chocolates are produced each day. 

Hershey’s footprint broadened through its acquisition of confectionery businesses in 1960 with the H.B. Reese Candy Company, followed by the acquisition of LEAF.Inc in 1996 whose portfolio included household favourites like Jolly Rancher, Whoppers, and Milk Duds. The company’s most recent acquisition, in 2021, welcomed Lily’s Sweets into its fold.

Hershey’s commitment to global cocoa sustainability can be seen through its founding role in the World Cocoa Foundation in 2000, dedicated to enhancing cocoa farming practices in West Africa.

In more recent times, The Hershey Company’s achievements have garnered recognition. For seven consecutive years, the company was named to the 2019 Dow Jones Sustainability World Index and securing its place in the 2021 The Civic for the ninth year in a row. 

Hershey’s Share Price 2023 [2]

Here is how The Hershey Company has been performing on the stock market for the year 2023: 

Hershey
Chart 1: Hershey’s share price performance for the year 2023

In 2023, Hershey’s share price experienced fluctuations on an upwards trend, hitting an all-time high of $276.35 on 1 May. It has since been on a decline, plummeting to 213.85 on 23 August. 

Hershey Stock Price History (Annual) 
Year Average Stock Price Year Open Year High Year Low Year Close Annual % Change 
2022 214.1134 187.1789 238.0183187.1789228.411221.86%
2021 162.5753143.3161 187.4308137.8171187.430829.55%
2020 134.2567133.7993150.3123104.0652144.67425.91%
2019 123.415695.8531149.221394.8167136.606140.20%
2018 89.954799.1134100.837379.694897.4349-2.91%
2017 94.798989.7596 102.066289.3536100.351112.33%
2016 82.700974.151497.221870.215989.336318.75%
2015 78.784885.3279 91.144869.958875.2301-12.02%
2014 79.343777.3004 87.738671.707785.50899.14%
2013 71.6187 58.7014 80.895658.053878.348037.37%
Table 1: History of Hershey’s annual stock price 

When was Hershey listed [3] 

In 1927, the Hershey Chocolate Co. went through a reorganisation and became a publicly traded company as the Hershey Chocolate Corporation – making its first public listing on the New York Stock Exchange.

About the stock: Hershey

Hershey Trading Information

Primary exchange: NYSE

Hershey Stock Symbol: HSY

Country: U.S.

Currency: USD

Trading hours:

Main: 9.30am to 4pm ET, Mon to Fri

Pre-market: 4am to 9.30am

After-market: 4pm to 8pm

Business Segment [4]

SectorIndustryMarket Cap(As of 23 August 2023)Revenue(2022)
Consumer StaplesFood Items – Confectionery$44.224B$10.419B
Table 2: Hershey’s business segment

Hershey, operating in the consumer staples sector, specialises in confectionery products within the food items industry. Hershey’s strength lies in its iconic brands and consistent product innovatio, allowing it to main a competitive edge. 

Dividend yield [5]

Dividend Yield2.25%Annual Dividend$4.76Ex Dividend DateAugust 17, 2023Annualised 3-Year Dividend Growth9.02%
Payout Ratio54.78%Payout PeriodQuarterlyNext Div PaymentSeptember 15, 2023Consecutive Growth14 Years 
Table 3: Hershey’s dividend yield

Hershey stands out in the consumer staples sector with its consistent dividend payouts which are distributed quarterly every year. Hershey’s commitment to its shareholders is evident in its 14 consecutive years of dividend growth. With an annualised 3-year dividend growth rate of 9.02%, it shows the company’s dedication to returning value to its investors.

Stock split history [6]

Since The Hershey Company’s first public listing in 1927, the company has undergone a total of 5 stock splits. Hershey’s split their stock for the first time in 1947.

Stock split list [7]

DateSplit 
16 September 19473:1
15 September 19832:1
15 September 19863:1
13 September 19962:1
15 June 20042:1
Table 4: Hershey’s stock split list 

What could affect Hershey’s share price

Here are some factors that could affect the share price of a stock like Hershey.

1. Cocoa price spike [8]
Chocolate manufacturers like Hershey are facing a challenging year ahead as soaring cocoa prices hit a 46-year high and sugar prices reaching their highest point in over a  decade. Current data from Nielsen paints a concerning picture: chocolate consumption in Europe and North America experiencing a decline due to the 20% surge in chocolate prices over the past two years. 

The increase in manufacturing costs and chocolate prices might further dampen demand, resulting in lower sales volume for Hershey in the near future.

2. Hershey buys back Smiths Falls facility [9]
Hershey is making a strategic move by repurchasing its inaugural facility outside the United States, located in Smiths Falls, Ontario, Canada. Jason Reiman, the company’s Chief Supply-Chain Officer, has underlined the significance of this acquisition within their broader investment strategy aimed at fortifying their supply-chain network, a move designed to support future growth. 

This acquisition positions Hershey to manage costs more effectively, which is particularly crucial in the face of rising industry expenses. 

Why trade Hershey stocks

1. Hershey’s consistent growth [10]
With growth showing no signs of slowing down, Hershey seems to be presenting a trading opportunity for investors.

The company reported a total revenue of $10.4 billion for the full year in 2023, making an impressive 16% increase compared to the previous year. This upward trend continued into Q1 2023, where April’s report headlines $2.9 billion in sales, reflecting a 12% year on year growth.

Hershey has also achieved growth across all its geographical segments, with its international business increasing 19% year over year during Q1 2023

2. Dividends [11]
Hershey has been consistently increasing their dividends for the past 14 years, showcasing not only its enduring financial stability but also its ability to maintain a dependable dividend stream moving forward.

Here is Hershey’s dividend payout over the past 14 years:

YearDividend Payout (USD$)
20223.874
20213.41
20203.154
20192.99
20182.756
20172.548
20162.402
20152.236
20142.04
20131.81
20121.56
20111.38
20101.28
20091.19
Table 5: Hershey’s dividend payouts for the past 14 years

Trade Hershey with Vantage

Vantage offers commission-free and secure trading of Hershey and other leading US stocks via Contracts for Differences (CFDs). With Vantage, you will be able to trade a broad selection of US shares with zero commission. Sign up for a live account and start trading today!  

References

  1. “A History of Goodness | History of The Hershey Company – The Hershey Company” https://www.thehersheycompany.com/en_us/home/about-us/the-company/history.html. Accessed 23 August 2023
  2. “Hershey – 38 Year Stock Price History | HSY – Macrotrends” https://www.macrotrends.net/stocks/charts/HSY/hershey/stock-price-history Accessed 23 August 2023
  3. “A History of Goodness | History of The Hershey Company – The Hershey Company” https://www.thehersheycompany.com/en_us/home/about-us/the-company/history.html Accessed 23 August 2023
  4. “A History of Goodness | History of The Hershey Company – The Hershey Company” https://www.thehersheycompany.com/en_us/home/about-us/the-company/history.html. Accessed 23 August 2023
  5. “Hershey (HSY) Dividend Yield, Date & History – MarketBeat” https://www.marketbeat.com/stocks/NYSE/HSY/dividend/ Accessed 23 August 2023
  6. “Hershey Stock Split in 2023 [What You Should Know] – Dataromas” https://dataromas.com/hershey-stock-split/ Accessed 23 August 2023
  7. “Hershey Stock Split in 2023 [What You Should Know] – Dataromas” https://dataromas.com/hershey-stock-split/ Accessed 23 August 2023
  8. “Chocolate bars jump in prices as costs of cocoa, sugar increase –Malaysia Sun“ https://www.malaysiasun.com/news/273938827/chocolate-bars-jump-in-prices-as-costs-of-cocoa-sugar-increase Accessed 23 August 2023
  9. “Canopy Growth selling Smiths Falls facility back to Hershey to generate about $39 million to pay down debt – MarketWatch” https://www.marketwatch.com/story/canopy-growth-selling-smiths-falls-facility-to-hershey-5875c66f?mod=search_headline Accessed 23 August 2023
  10. “When It Comes to Value Stocks, Hershey Isn’t Even Close to Falling Short – The Motley Fool” https://www.fool.com/investing/2023/07/29/when-it-comes-to-value-stocks-hershey-isnt-even/ Accessed 23 August 2023
  11. “Dividend & Stock Split History – Hershey Investors” https://investors.thehersheycompany.com/en_us/home/company-profile/dividend-history.html
  • vantage academy open account

    Open Trading Account

    Discover the endless trading possibilities with our cutting-edge platform, designed to empower both beginners and seasoned traders alike.

  • vantage academy app

    Download Vantage App

    Trade on the go with the Vantage All-In-One Trading App, where smooth execution and market access come together in the palm of your hand.

  • vantage academy start trading

    Start Trading

    Are you an existing user? Login to your account to start trading 1,000+ products including forex, indices, gold, shares and more.