Hershey's Looks Really Sweet

Tags: hsy
2 Dec 10:29pm
Posted by ZacksResearch
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The Hershey Company (HSY) is the leading U.S. producer of confectionery products with a domestic market share of approximately 28%. Hershey is well known for chocolate products (Hershey's, Reese's and Kisses), where the company enjoys a domestic market share of approximately 45%.

The Hershey Trust was not satisfied with the company's results and replaced eight Directors and the CEO in late 2007. The new management team, led by David West, is expected to recharge growth at Hershey's in addition to continuing with the three-year Global Supply Chain transformation plan. The share repurchase plan continues with the incremental $250 million authorized by the Board in December 2006.

Since the stock is at the low end of its historical valuation range, Hershey's stock is attractive and remains rated a Buy.

Read the full analyst report on HSY




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