The Hershey Company ($HSY) Stock Forecast: Down 5.1% Today

What is The Hershey Company?

Hershey (HSY) is a well-known American company famous for its chocolate and confectionery products. The stock is listed on the New York Stock Exchange (NYSE).

Why is The Hershey Company going down?

HSY stock is down 5.1% on Dec 11, 2024 20:13

• The stock of Hershey (HSY) experienced a bearish movement today.
• The rejection of a preliminary bid from Mondelez International, Inc. (MDLZ) by the Hershey Trust Co., citing the offer as too low, likely contributed to the negative market sentiment.
• The exploration of Hershey's acquisition by Mondelez could have initially boosted the stock on Monday but the subsequent rejection of the bid today might have dampened investor confidence.
• Unusual options activity indicating a bullish stance on Hershey could be a conflicting factor in the overall market movement, suggesting differing opinions among investors.

HSY Price Chart

HSY Technical Analysis

HSY News

Hershey Unusual Options Activity For December 11 - Hershey ( NYSE:HSY )

Investors with a lot of money to spend have taken a bullish stance on Hershey HSY. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know.

https://www.benzinga.com/insights/options/24/12/42446357/hershey-unusual-options-activity-for-december-11

What's Going On With Hershey Shares Wednesday? - Hershey ( NYSE:HSY )

The Hershey Company HSY stock is moving lower on Wednesday. The Hershey Trust Co., holding 80% of the voting power in Hershey, turned down a preliminary bid from Mondelez International, Inc. MDLZ. The Details: The Hershey Trust rejected the bid, citing that the offer was too low, according to ...

https://www.benzinga.com/trading-ideas/movers/24/12/42446249/whats-going-on-with-hershey-shares-wednesday

How MDLZ's Buyout of HSY Could Reshape the Confectionery Market

Sources reveal that Mondelez is exploring the acquisition of Hershey, which is likely to create one of the world's largest confectionery companies.

https://www.zacks.com/stock/news/2381925/how-mdlzs-buyout-of-hsy-could-reshape-the-confectionery-market

Company News for Dec 10, 2024

Companies In The News Are: HSY, MDLZ, M, SEDG, WDAY.

https://www.zacks.com/stock/news/2381235/company-news-for-dec-10-2024

What's Going On With Hershey Stock Monday? - Hershey ( NYSE:HSY )

The Hershey Company HSY stock is moving higher on Monday following a report suggesting that Mondelez International, Inc. MDLZ, owner of brands like Oreo and Ritz, is exploring a potential acquisition of the company.

https://www.benzinga.com/24/12/42398159/whats-going-on-with-hershey-stock-monday

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The Hershey Company Price History

15.10.2024 - HSY Stock was down 5.2%

• The bearish movement in Hershey's stock could be attributed to profit-taking by investors after a period of sustained growth.
• The mention of Hershey may have drawn attention to the stock, prompting some investors to sell off their positions.
• It's possible that concerns about competition in the confectionery industry or overall market volatility have also contributed to the downward movement in Hershey's stock price today.

10.11.2024 - HSY Stock was up 11.1%

• HSY stock witnessed a robust bullish trend due to speculation surrounding a possible acquisition by Mondelez International, Inc. This development likely boosted investor confidence and propelled the stock price.
• Despite encountering obstacles such as escalating expenses and subdued consumer demand, the anticipation of a takeover bid from a significant player like MDLZ appears to have taken precedence over these issues in the near term.
• The market activity suggests that investors are placing more emphasis on the potential acquisition and strategic opportunities rather than the existing operational hurdles facing Hershey.

11.11.2024 - HSY Stock was down 7.5%

• HSY stock experienced a bearish movement likely due to:
• Mondelez International exploring the acquisition of Hershey, which could lead to uncertainty and market speculation.
• Rising costs and weak demand impacting HSY's financial performance, causing investor concerns.
• The competitive landscape in the confectionery market, with companies like Mondelez and changing consumer shopping habits, adding pressure on Hershey's stock price.

11.11.2024 - HSY Stock was down 5.1%

• The stock of Hershey (HSY) experienced a bearish movement today.
• The rejection of a preliminary bid from Mondelez International, Inc. (MDLZ) by the Hershey Trust Co., citing the offer as too low, likely contributed to the negative market sentiment.
• The exploration of Hershey's acquisition by Mondelez could have initially boosted the stock on Monday but the subsequent rejection of the bid today might have dampened investor confidence.
• Unusual options activity indicating a bullish stance on Hershey could be a conflicting factor in the overall market movement, suggesting differing opinions among investors.

09.11.2024 - HSY Stock was up 5.8%

• Hershey's stock demonstrated a strong bullish movement, even amidst challenges such as increasing costs and weak demand.
• Investor optimism toward Hershey's capability to address challenges and possibly introduce effective strategies was apparent.
• The bullish movement might suggest that investors perceive long-term promise in Hershey's brand and products, despite temporary issues with demand and costs.

09.11.2024 - HSY Stock was up 12.6%

• Hershey stock surged amidst speculation of potential acquisition interest from Mondelez International, Inc., known for brands like Oreo and Ritz. This development likely fueled investor optimism and propelled the stock price upwards.
• Despite previous challenges such as rising costs and weak consumer demand, the acquisition rumors have cast a positive light on Hershey's future, contributing to the bullish market activity.
• The market reacted positively to the rumors of a potential acquisition, overshadowing previous concerns regarding declining demand and increased costs that had affected Hershey's stock performance.

09.01.2024 - HSY Stock was down 5.2%

• Hershey issued a sourish 2024 outlook, which may have negatively impacted investor sentiment.
• Rising cocoa costs are expected to bite into Hershey's earnings, leading to concerns about profitability.
• The surge in the cost of cocoa to record levels is pushing up the price of chocolate, potentially leading to reduced sales as cash-strapped consumers cut spending on treats.
• Hershey's plan to improve long-term operating efficiency may be costly, adding to investor concerns about the company's financial performance.

08.01.2024 - HSY Stock was up 5.3%

• HSY reported stable Q4 earnings, with adjusted EPS beating consensus expectations.
• The CEO of Hershey predicted 2 to 3% sales growth for the company this year.
• Arm Holdings, a high-flying stock, reported better-than-expected financial results, which may have contributed to the positive sentiment around HSY.
• HSY's rise in stock price was also accompanied by a boost in dividend.
• Overall, HSY's bullish movement today can be attributed to its strong earnings, positive sales growth outlook, and potentially influenced by the upbeat results of Arm Holdings.

08.01.2024 - HSY Stock was up 5.6%

• Arm Holdings, another stock, reported better-than-expected financial results, which likely contributed to the positive sentiment in the market and potentially influenced the bullish movement of HSY.
• HSY itself announced its Q4 numbers, which may have positively impacted investor confidence and contributed to the bullish movement.
• However, HSY also reported weaker-than-expected sales and guidance, leading to a slight dip in its shares. This mixed news could have caused some volatility in the market but did not significantly impact the overall bullish movement of HSY.
• The news about Hershey looking to cut jobs and projecting a dour 2024 may have had a minimal impact on the bullish movement, as investors focused more on the positive financial results and guidance.

10.05.2024 - HSY Stock was down 2.6%

• The recent release of Hershey's 2023 ESG report highlights the company's dedication to sustainability and responsible business practices.
• Despite the favorable ESG report, Hershey's stock saw a decline, closing at $196.42 with a -0.71% change, performing below the market average.
• The stock's decrease could be due to other external factors impacting the market or unrelated news, leading to investor pessimism.
• The contrast between Hershey's strong ESG initiatives and the stock's performance might reflect general market sentiment or individual obstacles affecting investor trust in the company.

08.01.2024 - HSY Stock was up 5.4%

• Today, Hershey (HSY) experienced a strong bullish movement in the market. This can be attributed to a combination of factors:
• 1. Despite projecting a dour outlook for 2024 and reporting sales below analyst estimates in Q4, Hershey managed to beat earnings expectations. This positive surprise likely boosted investor confidence and contributed to the bullish movement.
• 2. The announcement of a quarterly dividend increase by Hershey's Board of Directors also added to the positive sentiment surrounding the stock. A 15% increase in dividends can attract income-seeking investors and drive up demand for the stock.
• 3. Although the weak sales and guidance weighed down the stock in premarket trades, the overall market sentiment towards Hershey remained positive due to its strong brand reputation and market position. Investors may have viewed the dip in share price as a buying opportunity, leading to the bullish movement.
• In summary, despite some negative factors, Hershey's ability to beat earnings expectations and the announcement of a dividend increase likely contributed to the bullish movement in the stock today.

01.07.2024 - HSY Stock was up 2.2%

• Despite missing Q2 earnings and revenue estimates, Hershey's stock experienced a strong bullish movement.
• The market may have reacted positively due to Hershey's ability to maintain a strong brand presence and consumer loyalty even in a challenging consumer environment.
• The trim in annual forecasts due to higher prices denting demand could have been offset by potential cost-saving measures or strategic initiatives by the company.
• Investors might be optimistic about Hershey's long-term growth prospects and resilience in navigating market challenges.