Hershey Stock Hits New 52-Week High (HSY)

NEW YORK ( TheStreet) -- Hershey Company (NYSE: HSY) hit a new 52-week high Tuesday as it is currently trading at $62.43, above its previous 52-week high of $62.38 with 634,953 shares traded as of 2:10 p.m. ET. Average volume has been 1.2 million shares over the past 30 days.

Hershey has a market cap of $9.77 billion and is part of the consumer goods sector and food & beverage industry. Shares are down 0.1% year to date as of the close of trading on Monday.

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 22.5, above the average food & beverage industry P/E ratio of 21.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Hershey as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, growth in earnings per share, increase in net income and solid stock price performance. 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.

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