Hershey Reaches New 52-Week High (HSY)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Hershey Company (NYSE: HSY) hit a new 52-week high Monday as it is currently trading at $80.56, above its previous 52-week high of $80.45 with 69,377 shares traded as of 9:40 a.m. ET. Average volume has been 938,800 shares over the past 30 days.

Hershey has a market cap of $13.06 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 11.2% year to date as of the close of trading on Friday.

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 24.8, above the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Hershey as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Hershey Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

If you liked this article you might like

Albertsons-Plated Deal Likely 'First Domino to Fall' In Meal Kit M&A

Meal Kits Are Hot, and Weight Watchers May Be Next to Try Them

Cramer: Food Stocks Are Going Hungry

Cramer: Dominoes Are in Play Today

Cocoa Prices Are Plunging. Here's What It Means to Hershey