) pushed the Food & Beverage industry higher today making it today's featured food & beverage winner. The industry as a whole closed the day up 0.3%. By the end of trading, Hershey Company rose $1.59 (2.3%) to $70 on heavy volume. Throughout the day, 2.6 million shares of Hershey Company exchanged hands as compared to its average daily volume of 1.3 million shares. The stock ranged in a price between $68.67-$70.55 after having opened the day at $69.02 as compared to the previous trading day's close of $68.41. Other companies within the Food & Beverage industry that increased today were:
), up 8.3%,
), up 7.5%,
), up 6.5%, and
), up 5.1%.
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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 $11.33 billion and is part of the
sector. The company has a P/E ratio of 23.9, equal to the average food & beverage industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 10.7% year to date as of the close of trading on Monday. Currently there are four analysts that rate Hershey Company a buy, no analysts rate it a sell, and nine rate it a hold.
TheStreet Ratings rates Hershey Company as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.
- You can view the full Hershey Ratings Report.
On the negative front,
), down 6.3%,
), down 5.5%,
), down 4.3%, and
), down 4%, were all losers within the food & beverage industry with
) being today's food & beverage industry loser.
- Use our food & beverage section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the food & beverage industry could consider
) while those bearish on the food & beverage industry could consider
PowerShares DB Agriculture Sht ETN
- Find other investment ideas from our top rated ETFs lists.