Piper Sandler downgrades Hershey Co. to underweight from neutral on expectation of stubbornly high cocoa prices.

Prices were already on an upward path in 2024 due to poor harvests in west Africa. When Hershey cut its 2024 sales and earnings forecasts in November, Buck said its year-to-date results had been a ...

After all, Buck has been at Hershey for nearly 20 years, and CEOs at the conservatively managed company tend to stay for a while (Buck herself began her tenure in that position in 2017). News ...

Hershey has a 1-year low of $150.31 and a 1-year high of $211.92. The stock has a market cap of $30.92 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 4.31 and a beta of 0.38.

After 20 years at Hershey and eight as CEO, Michele Buck is to step down from the helm after reshaping the company into more than a chocolate and candy maker. However, Buck’s exit comes as the ...

prompting a downgrade in Hershey (NYSE:HSY) to Underweight from Neutral and a 22% cut in the target price to $120. Hershey’s (NYSE:HSY) recent request to buy 90K metric tons of cocoa on ICE ...

Piper Sandler downgrades Hershey Co. to underweight from neutral on expectation of stubbornly high cocoa prices Hershey Co.'s stock fell Friday, as Piper Sandler cut its rating on the chocolatier ...