Key TakeawaysHershey shares fell as traders digested updates suggesting that it was unlikely to merge with Mondelēz International.Mondelēz said it was focused on purchases that are easier to pull off, and Bloomberg reported its bid was rejected as too low.The candy company previously rebuffed an acquisition offer from Mondelēz in 2016. Hershey (HSY) shares fell Wednesday as traders absorbed news that the candy giant might be less likely to merge with Mondelēz than first thought. Mondelēz International (MDLZ ...

The Hershey Company (HSY) has faced challenges, with its stock dropping 11% over the past three months as it continues to be impacted by a more budget-conscious consumer base and historically high cocoa prices. During this period, HSY's stock has underperformed the broader industry, which saw a 7.6% decrease, as well as the Zacks Consumer Staples sector, which fell by 3.6%. In contrast, the S&P 500 saw a 6.2% increase over the same timeframe.Let's take a closer look at the key factors negatively impacting H ...

Americans certainly have a sweet tooth. We consume about 17 teaspoons of added sugar daily, about five more than our recommended allotment. We add sugar to almost everything, including beverages, snacks, and many processed and prepared foods.While our sugar intake isn't good for our waistlines, it is great for the bottom lines of companies that sell us all the sweet things we desire. Many of these companies make so much money satisfying our sugar cravings that they can lavishly pay dividends to their invest ...

Editor's note: Seeking Alpha is proud to welcome Michael Duke as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access.Michael Duke is a seasoned investment professional with a robust background in both equity and real estate markets. He specializes in identifying opportunities that offer safe and growing dividends, aiming to outperform the broader market on a ...

Dublin, Nov. 19, 2024 (GLOBE NEWSWIRE) -- The "United States of America Confectionery - Market Assessment and Forecasts to 2028" report has been added to ResearchAndMarkets.com's offering.The US confectionery sector expected to grow from $47.9 billion in 2023 to $56.1 billion in 2028, at a CAGR of 3.2%.In volume terms, the sector is expected to grow from 3.04 billion kg in 2023 to 3.26 billion kg in 2028, registering a CAGR of 1.4%. Chocolate is the largest category in value and volume terms. The Hershey C ...

KIT KAT® will give photo seekers visiting Santa a delicious break from tradition this holiday season HERSHEY, Pa., Nov. 18, 2024 /PRNewswire/ -- Santa Claus deserves a break, and thanks to KIT KAT®, he's getting one this year with the launch of its first-ever seasonal shape - KIT KAT® Santas! Available for a limited time only, this new KIT KAT® treat is a festive addition to the brand's product lineup that is adorned with imprinted boots, a jolly smile and an even crispier wafer-to-chocolate ratio than a tr ...

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .As most of my readers may know, I love reading op-eds. However, in recent weeks, I took a step back, as most opinion pieces became way too political. Most can be put in one of the following categories:Analyst’s Disclosure: I/we have no stock, option or similar derivative positio ...

These quality businesses currently offer dividend yields of 3% or better.The S&P 500 has surged to new highs recently, but some of the strongest companies that pay regular dividends are trading well off their highs. This has pushed their dividend yields up and signals they might be undervalued.Here are two top dividend stocks to buy for the long term.1. Realty IncomeRealty Income (O 2.00%) is a top real estate investment trust (REIT) that has a 55-year record of paying dividends to investors. As a REIT, it ...

HERSHEY, Pa., Nov. 8, 2024 /PRNewswire/ -- The Hershey Company (NYSE: HSY) today announced it has acquired Sour Strips, a fast-growing sour candy brand with a powerful social media presence. Sour Strips' "sour candy that doesn't suck" enhances Hershey's presence in the category and expands its reach to new consumers for more snacking occasions. Hershey Acquires Sour Strips Founded in 2019 by social media personality Maxx Chewning, Sour Strips set out to invigorate the sour candy category with a distinc ...

Key TakeawaysHistorically high cocoa prices and soft consumer demand negatively affected Hershey's earnings and revenue.Two of the candy and snacks maker's three units posted sales declines.Hershey also reduced its full-year forecast. Hershey Co. (HSY) Thursday posted lower-than-estimated third-quarter results on soaring cocoa prices and weak consumer spending and also lowered its projections for sales and earnings for the year. The maker of its eponymous candy bars and Kisses reported quarterly adjusted ea ...