Hershey still looks a sweet trade. During good times and bad times, Hershey Co is still a source of comfort and pleasure for everyone. A earnings beat is expected as international growth strengthens but will it be enough to carry the 27 P/E ratio.
Technically the chart is bullish =
MACD had bounced of the zero line and the histogram is ticking higher and green.
MA 7&12 are on the process of crossing the 50ma in a very bullish manner.
$162 is the key area for a breakout.
Average analysts price target $147
Average analysts recommendation HOLD
P/E ratio 27
Yield 2%
Short interest
The Hershey Co. engages in the manufacture and market of chocolate and sugar confectionery products. It operates through the North America; and International and Other geographical segments. The North America segment is responsible for the traditional chocolate and non-chocolate confectionery market position of the company, as well as its grocery and snacks market positions, in the United States and Canada. The International and Other segment is the combination of all other operating segments which are not individually material, including those geographic regions where the company operates outside of North America. Its brands includes Hershey's, Reese's, and Kisses. The company was founded by Milton S. Hershey in 1894 and is headquartered in Hershey, PA.
