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 (HSY">HSY) hit a new 52-week high Tuesday as it is currently trading at $91.02, above its previous 52-week high of $90.70 with 315,132 shares traded as of 11:50 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.
Hershey has a market cap of $14.73 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 25.1% 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 31.3, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Hershey as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, good cash flow from operations, expanding profit margins and solid stock price performance. 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.
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