Should Passive Income Investors Consider Hershey Stock?
High inflation, soaring interest rates, and the war between Russia and Ukraine are just a few of the factors that have contributed to the market meltdown in 2022. These events have led the S&P 500 index 18% lower so far this year.
But amid the market downturn, the consumer staples sector has held its own. For instance, shares of the confectioner, The Hershey Company (NYSE: HSY), have climbed 20% year to date.
With such a magnificent performance in 2022, this begs the question: Is now still a good time for dividend growth investors to buy Hershey's stock? Let's drill down into the company's fundamentals and valuation to address this question.
Source Fool.com
