Should Investors Get Sweet on Hershey Stock?
Owning shares in The Hershey Company (NYSE: HSY) has been a bitter taste in recent months. Rising cocoa prices and less appetite for chocolate left the stock rangebound, and the stock's price is down slightly from year-ago levels.
Nonetheless, consumption patterns can go in cycles, and the stock's P/E ratio is near multiyear lows. Does that mean investors should look at Hershey as a buying opportunity?
Products such as the Hershey's Milk Chocolate Bar and Hershey's Kisses have made the company a mainstay of the American consumer industry for more than 125 years. As a food stock that has traded since 1927, its approximately 90 brands built wealth for many generations of investors.
Source Fool.com
Hershey Co. Stock
€180.20
1.130%
With 10 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 213 € there is a slightly positive potential of 18.2% for Hershey Co. compared to the current price of 180.2 €.
