Hershey Company Stock Price Today: $150.53

Overview of Hershey Company

The Hershey Company is an American multinational corporation and one of the world's largest chocolate manufacturers. The company was founded in 1894 by Milton S. Hershey and is headquartered in Hershey, Pennsylvania. Hershey produces a variety of chocolate products, including Hershey's Kisses, Hershey's Chocolate Bars, and Reese's Peanut Butter Cups.

The Hershey Company is a publicly traded company and its stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol "HSY". As of March 8, 2023, the Hershey Company stock price is $150.53 per share.

Factors Affecting Hershey Company Stock Price

There are a number of factors that can affect the Hershey Company stock price, including:

• Overall economic conditions: The Hershey Company is a consumer goods company, so its stock price can be affected by overall economic conditions, such as the unemployment rate, inflation, and interest rates.

  

• Demand for chocolate products: The Hershey Company's stock price can be affected by demand for chocolate products. Factors that can affect demand for chocolate products include the price of chocolate, the availability of other snacks, and the popularity of healthy eating trends.

• Competition: The Hershey Company competes with a number of other chocolate manufacturers, including Mars, Inc., Mondelez International, and Nestlé. Competition can affect the Hershey Company's stock price by putting pressure on its margins and market share.

  

• Company-specific factors: The Hershey Company's stock price can also be affected by company-specific factors, such as new product launches, acquisitions, and changes in management.

  

Historical Performance of Hershey Company Stock

The Hershey Company has a long history of stock price growth. Over the past 10 years, the Hershey Company stock price has grown by an average of 10% per year. In 2022, the Hershey Company stock price rose by 20%.

Analysts' Outlook on Hershey Company Stock

Analysts are generally positive on the Hershey Company stock. The average analyst rating for the Hershey Company stock is "buy". Analysts believe that the Hershey Company is a well-established company with a strong brand portfolio and a track record of innovation.

Risks of Investing in Hershey Company Stock

There are a number of risks associated with investing in Hershey Company stock, including:

• Economic downturn: A downturn in the economy could lead to a decrease in demand for chocolate products, which could hurt the Hershey Company's stock price.

• Increased competition: Increased competition from other chocolate manufacturers could put pressure on the Hershey Company's margins and market share, which could hurt the Hershey Company's stock price.

• Company-specific risks: Company-specific risks, such as a product recall or a change in management, could hurt the Hershey Company's stock price.

Benefits of Investing in Hershey Company Stock

There are a number of benefits to investing in Hershey Company stock, including:

• Long-term growth potential: The Hershey Company has a long history of stock price growth and is expected to continue to grow in the future.

  

• Dividend payments: The Hershey Company pays dividends to its shareholders, which provides investors with a source of income.

• Brand recognition: The Hershey Company is a well-known and trusted brand, which gives its stock a degree of stability.

Common Mistakes to Avoid When Investing in Hershey Company Stock

There are a number of common mistakes to avoid when investing in Hershey Company stock, including:

• Buying at the wrong time: It is important to buy Hershey Company stock when the price is low. Avoid buying Hershey Company stock when the price is high.

• Selling too soon: If you buy Hershey Company stock, be prepared to hold it for the long term. Do not sell Hershey Company stock if the price drops in the short term.

• Investing more than you can afford: Only invest in Hershey Company stock with money that you can afford to lose.

How to Invest in Hershey Company Stock

You can invest in Hershey Company stock through a variety of platforms, including online brokerages, traditional brokerages, and retirement accounts.

Conclusion

The Hershey Company is a well-established company with a strong brand portfolio and a track record of innovation. The Hershey Company stock price has a long history of growth and is expected to continue to grow in the future. There are a number of risks associated with investing in Hershey Company stock, but there are also a number of benefits. If you are considering investing in Hershey Company stock, be sure to do your research and understand the risks involved.