The Hershey Company (NYSE:HSY) is included among the 10 Best Food Stocks with Highest Dividends.
On April 23, Morgan Stanley lowered its price recommendation on The Hershey Company (NYSE:HSY) to $227 from $247. It reiterated an Overweight rating on the shares. The firm is adjusting estimates across its packaged foods coverage to reflect recent trends. The analyst pointed to a more challenging forward commodity outlook following the recent move higher in oil.
On April 14, Barclays lowered its price objective on HSY to $225 from $240. It maintained an Equal Weight rating on the shares. The firm adjusted targets in the consumer staples group as part of a Q1 preview. Barclays noted “growing caution” in the group into the prints due to higher input costs. In food, there are “building concerns” around the sustainability of the dividend for certain companies, the analyst said in a research note.
The Hershey Company (NYSE:HSY) is a snacks business. Its segments include North America Confectionery, North America Salty Snacks, and International. The North America Confectionery segment supports its traditional chocolate and non-chocolate confectionery position in the United States and Canada.
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