Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Consumer Goods sector lower today making it today's featured Consumer Goods laggard. The sector as a whole closed the day down 0.2%. By the end of trading, Hershey Company fell $1.30 (-1.2%) to $106.77 on heavy volume. Throughout the day, 2,007,050 shares of Hershey Company exchanged hands as compared to its average daily volume of 891,000 shares. The stock ranged in price between $106.54-$108.17 after having opened the day at $107.70 as compared to the previous trading day's close of $108.07. Other companies within the Consumer Goods sector that declined today were:
), down 21.5%,
), down 17.7%,
), down 17.5% and
), down 8.0%.
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The Hershey Company, together with its subsidiaries, engages in manufacturing, marketing, selling, and distributing various chocolate and confectionery products, pantry items, and gum and mint refreshment products worldwide. Hershey Company has a market cap of $17.6 billion and is part of the food & beverage industry. Shares are up 11.2% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Hershey Company a buy, 1 analyst rates it a sell, and 5 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.
- You can view the full Hershey Company Ratings Report.
On the positive front,
), up 13.9%,
), up 12.2%,
), up 8.5% and
), up 5.8% , were all gainers within the consumer goods sector with
) being today's featured consumer goods sector leader.
- Use our consumer goods section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer goods sector could consider
) while those bearish on the consumer goods sector could consider
- Find other investment ideas from our top rated ETFs lists.