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 Food & Beverage industry higher today making it today's featured food & beverage winner. The industry as a whole closed the day up 0.5%. By the end of trading, Hershey Company rose $1.03 (1.1%) to $93.90 on average volume. Throughout the day, 881,472 shares of Hershey Company exchanged hands as compared to its average daily volume of 1,113,000 shares. The stock ranged in a price between $92.12-$94.00 after having opened the day at $92.94 as compared to the previous trading day's close of $92.87. Other companies within the Food & Beverage industry that increased today were:
), up 8.1%,
), up 5.3%,
), up 4.6% and
), up 4.5%.
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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 $15.3 billion and is part of the consumer goods sector. Shares are up 29.6% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Hershey Company a buy, 1 analyst rates it a sell, and 7 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full Hershey Company Ratings Report.
On the negative front,
), down 4.7%,
), down 3.5%,
), down 3.3% and
), down 2.6% , were all laggards within the food & beverage industry with
) being today's food & beverage industry laggard.
- Use our food & beverage section to find industry-relevant news.
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) while those bearish on the food & beverage industry could consider
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