NEW YORK (
The Hershey Company
) hit a new 52-week high Thursday as it traded at $52.18 compared with its previous 52-Week high of $52.10. The Hershey is changing hands at $52.14 with 1.6 million shares traded as of 12:41 p.m. ET. Average volume has been 1.2 million shares over the past 30 days.
The Hershey has a market cap of $8.6 billion and is part of the
industry. Shares are up 7.1% year to date as of the close of trading on Wednesday.
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. The company has a P/E ratio of 23.3, equal to the average food & beverage industry P/E ratio and above the S&P 500 P/E ratio of 22.7.
TheStreet Ratings rates The Hershey as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, solid stock price performance, expanding profit margins and notable return on equity. 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
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