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Hershey

Hershey is a leading confectionery manufacturer in the us (around a $25 billion market), controlling around 36% of the domestic chocolate space (per Euromonitor). Beyond its namesake label, the firm's mix has expanded over the last 85 years and now consists of 100 brands, including Reese's, Kit Kat, Kisses, and Ice Breakers. Hershey's products are sold in about 80 countries, albeit with just a high-single-digit percentage of sales coming from markets outside the us, including Brazil, India, and Mexico. The firm has sought inorganic opportunities to extend its reach beyond its core confection business, adding Amplify Snack Brands and its Skinny Pop ready-to-eat popcorn to its mix, Pirate Brands, and Dot's Pretzels over the past few years.

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Coinbase Global, Hershey y otras 2 acciones que los insiders están vendiendo

The Hershey Co

HARMONIC DRIVE SYS INC by Harmonic Drive Systems, Inc.

Harmonic Drive Systems Inc

The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) shares are <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">trading lower in the premarket session on Thursday.</a>
The company reported third-quarter adjusted earnings per share of $2.34, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41801901/hershey-reports-third-quarter-2024-financial-results-updates-2024-net-sales-and-earnings-outlook" rel="noreferrer noopener">missing the street view of $2.56</a>. Quarterly sales of $2.987 billion (down 1.4%) missed the analyst consensus of $3.077 billion.
Organic net sales dropped 1.0%, as higher prices were offset by lower volume across segments and reduced inventory in North America Salty Snacks ahead of the ERP system rollout in the fourth quarter of 2023.
&#8220;While year-to-date results have been affected by historically high cocoa prices and a challenging consumer environment, we are laser-focused on controlling what we can and are acting with immediacy to deliver value to customers, consumers and shareholders,&#8221; said&nbsp;Michele Buck, Hershey President and Chief Executive Officer.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41801920/us-stocks-likely-to-open-higher-extending-post-election-rally-feds-rate-decision-on-investors-radar" rel="noreferrer noopener">US Stocks Likely To Open Higher, Extending Post-Election Rally: Fed&#8217;s Rate Decision On Investors&#8217; Radar As Expert Highlights Markets Scaling 48 All-Time Highs This Year</a>
North America Confectionery unit gained 0.8% in the quarter under review, while North America Salty Snacks fell 15.5%, and International down 3.9%.
Adjusted gross margin was 40.3% in the quarter under review, down 460 basis points from the year-ago period.
This decline was due to higher commodity costs, timing issues, fixed cost increases, and unfavorable product mix, despite price hikes and productivity gains.
Adjusted operating profit was $654.0 million, down 13.2% in the year-ago period. This led to an operating profit margin of 21.9%, a 300 basis point decrease.
The company exited the quarter with cash and equivalents worth &nbsp;$614.95 million, with net inventories worth $1.301 billion. Long-term debt as of quarter-end was $3.189 billion.
Dividend: The company announced quarterly dividends of&nbsp;$1.370&nbsp;on the common stock and&nbsp;$1.245&nbsp;on the Class B common stock. The dividends were declared&nbsp;November 6<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41801901/hershey-reports-third-quarter-2024-financial-results-updates-2024-net-sales-and-earnings-outlook" rel="noreferrer noopener"> and are payable&nbsp;December 16.</a>&nbsp;
Outlook: Hershey cuts FY24 adjusted earnings per share view to $9.00 &#8211; $9.10 versus $9.40 estimate (<a target="_blank" href="https://www.benzinga.com//node/40094440" rel="noreferrer noopener">from $9.49 &#8211; $9.59</a>). The company sees flat net sales in FY24, compared with the prior view of 2% growth.
Price Action: HSY shares are trading lower by 2.88% to $171.72 premarket at last check Thursday.
Image by Melissa from Pixabay
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41798981/jim-cramer-calls-trumps-return-to-white-house-a-huge-win-for-the-stock-market" target="_blank" rel="noreferrer noopener">Jim Cramer Calls Trump's Return To White House A ‘Huge Win For The Stock Market'</a></li>
</ul>

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Hershey's Q3 Earnings Sour As Sales Dip And Outlook Darkens; CEO Pledges Aggressive Turnaround Amid High Cocoa Costs

Hershey shares are trading lower following a Q3 EPS and revenue miss as well as soft guidance.

Hershey Sees 2024 Adj. EPS $9-$9.14 vs $9.40 Est.

Earnings Misses

Hershey Q3 2024 Adj. EPS $2.34 Misses $2.56 Estimate, Sales $2.987B Miss $3.077B Estimate

U.S. stocks could open in the green on Thursday after a strong post-election rally on Wednesday that saw former President Donald Trump <a href="https://www.benzinga.com/news/24/11/41768178/donald-trump-defeats-kamala-harris-to-win-2024-election">emerge victorious</a> after a long-drawn battle with Joe Biden and Kamala Harris.
Futures of all three major indices edged up on Thursday, pointing to positive sentiment on Wall Street.
Shares of Trump's social media company, Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) will remain in focus once again on Thursday after surging nearly 6% on Wednesday.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.22%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.19%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.19%</td>
</tr>
<tr>
<td>R2K</td>
<td>0.35%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Thursday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) gained 0.22% to $592.42 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.26% to $506.87, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data</a>.
Cues From Last Session:
All three major indices registered strong surges as election results poured in on Wednesday, ending the session with major gains. The wider Dow Jones index surged by over 1,500 points, closing the day with 3.6% gains.
Oil prices continued to ease as Trump's win increased expectations of a stronger U.S. dollar.
Treasury yields continued to gain after <a href="https://www.benzinga.com/news/24/11/41765345/treasury-yields-pop-on-trump-victory-chances-10-year-benchmark-reaches-4-month-high">popping on Wednesday at the prospect</a> of a Trump victory.
All eyes will be on the Federal Open Market Committee (FOMC) and Federal Reserve chair Jerome Powell on Thursday as investors await signals on the path for rate decisions going forward.
Most sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, industrials, and financials stocks recording the biggest gains on Wednesday.
However, consumer staples and real estate stocks bucked the overall market trend, closing the session lower.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>2.95%</td>
<td>18,983.47</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>2.53%</td>
<td>5,929.04</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>3.57%</td>
<td>43,729.93</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>5.84%</td>
<td>2,392.92</td>
</tr>
</tbody>
</table>
</figure>
It's not just equities that surged—top cryptocurrency Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) continued to gain momentum, scaling a new all-time high of $76,460.15. At the time of writing, Bitcoin was trading at $74,967.38, up by 1.48% in the last 24 hours.
Insights From Analysts:
Veteran investor Mark Mobius, chairman of Mobius Emerging Opportunities Fund, <a href="https://www.cnbc.com/">told</a> CNBC that a Trump victory would not just be good for the U.S. economy, but also for emerging ones.
A decisive Trump victory would lead to "lots of deregulation," according to Mobius, which would also be "very good" for emerging countries.
"One of the things [I observe] as I travel around the world, is the incredible impact of U.S. regulations on these countries regarding the transfer of funds, know your customer… hopefully, that will go down the drain and there will be much freer trade and much freer movement of currencies."
Ryan Detrick, chief market strategist at Carson Group, highlighted that the U.S. equity markets have already hit new all-time highs 48 times in 2024, with nearly two months still to go.
Per Detrick's analysis, this could mean the U.S. markets could witness 56 all-time highs in 2024, which would make it the fifth most in history.
He is also bullish on the impact of a potential Fed rate cut on U.S. equities. He noted that when the Fed cut rates at a time when the S&amp;P 500 was near an all-time high, it resulted in stocks being higher a year later.
"They&#8217;ve done this 20 other times and a year later stocks were higher 20 times. As we&#8217;ve been saying all year, the Fed is a tailwind."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Tomorrow the Fed will cut rates with the S&amp;P 500 near an all-time high. They&#39;ve done this 20 other times and a year later stocks were higher 20 times. As we&#39;ve been saying all year, the Fed is a tailwind. <a href="https://t.co/YgfF3WJ4B3">pic.twitter.com/YgfF3WJ4B3</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1854350014425788872?ref_src=twsrc%5Etfw">November 7, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
According to CME Group's FedWatch tool, markets are currently anticipating a 100% chance of a rate cut. Powell's remarks in the press conference will be worth looking out for, though, as investors look for guidance on the future trajectory of rate action.
On the economic data front, U.S. mortgage applications fell by 10.8% from the previous week in the week ended Nov. 1.
U.S. crude oil inventories increased by 2.149 million barrels in the week ended Nov. 1, compared to market estimates of a 1.8 million gain.
See Also:&nbsp;<a href="https://www.benzinga.com/money/how-to-trade-futures" target="_blank" rel="noreferrer noopener">How To Trade Futures</a>
Upcoming Economic Data
While Powell and Fed will be the stars of Thursday's economic calendar, here's all the activity investors will be watching today:
<ul>
<li>Initial jobless claims data and preliminary productivity numbers will be released at 8:30 a.m. ET.</li>
<li>Wholesale inventories data will be released at 10 a.m. ET.</li>
<li>FOMC will announce its rate decision at 2 p.m. ET.</li>
<li>Fed Chair Powell will address a press conference at 2:30 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Trump Media &amp; Technology Group Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) shares plunged nearly 20% in premarket trading on Thursday.</li>
<li>Lyft Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) shares <a href="https://www.benzinga.com/news/24/11/41799780/why-lyft-shares-are-trading-higher-by-over-21-here-are-20-stocks-moving-premarket">popped over 22% </a>after the company raised its outlook amid a surge in sales and ridership.</li>
<li>Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) beat Street expectations and extended its share buyback program. Qualcomm shares rose over 7% in premarket trading.</li>
<li>JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) shares are in focus after Baird downgraded the lender's stock from neutral to sell.</li>
<li>Investors are awaiting earnings results from The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>), Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>), and Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) today.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures eased in the early New York session, falling by 0.92% as Trump's return to the White House has led to a stronger U.S. dollar.
The 10-year Treasury note yield surged to 4.433%.
Most Asian markets ended Thursday on a positive note, but Japan's Nikkei 225 index ended the day 0.25% lower. European stocks showed strength in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41798981/jim-cramer-calls-trumps-return-to-white-house-a-huge-win-for-the-stock-market">Jim Cramer Calls Trump&#8217;s Return To White House A &#8216;Huge Win For The Stock Market&#8217;</a></li>
</ul>
Photo courtesy: Wikimedia

Futures

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$BTC

LYFT

QCOM

US Stocks Likely To Open Higher, Extending Post-Election Rally: Fed's Rate Decision On Investors' Radar As Expert Highlights Markets Scaling 48 All-Time Highs This Year

The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index moved to the &#8220;Neutral&#8221; zone on Wednesday.
U.S. stocks settled higher on Wednesday, with the Dow Jones index jumping more than 1,500 points to a record closing level following the election of Donald Trump as the 47th U.S. president. The S&amp;P 500 also surged to an all-time high during the session.
On the economic data front, U.S. mortgage applications fell by 10.8% from the previous week in the week ended Nov. 1. U.S. crude oil inventories increased by 2.149 million barrels in the week ended Nov. 1, compared to market estimates of a 1.8 million gain. The Federal Reserve is scheduled to announce its policy decision today.
Shares of CVS Health Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) jumped more than 11% on Wednesday after the company reported third-quarter results. Johnson Controls International plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) reported better-than-expected earnings for its fourth quarter on Wednesday.
Most sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, industrials, and financials stocks recording the biggest gains on Wednesday. However, consumer staples and real estate stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 1,508 points to 43,729.93 on Wednesday. The S&amp;P 500 gained 2.53% to 5,929.04, while the Nasdaq Composite jumped 2.95% to close at 18,983.46 during Wednesday's session.
Investors are awaiting earnings results from The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>), Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>), and Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 57.9, the index moved to the &#8220;Neutral&#8221; zone on Wednesday, versus a prior reading of 47.9.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41776764/jim-cramer-this-financial-stock-is-a-buy-likes-broadcom">Jim Cramer: This Financial Stock Is A Buy, Likes Broadcom</a></li>
</ul>
Photo courtesy: Shutterstock

Dow Jumps Over 1,500 Points To A New High After Trump Win: Investor Sentiment Improves, Fear & Greed Index Moves To 'Neutral' Zone

With U.S. stock futures trading higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) to report quarterly earnings at $2.56 per share on revenue of $3.08 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Hershey shares rose 1.2% to $177.98 in after-hours trading.</li>
<li>Upwork Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPWK#NASDAQ">UPWK</a>) posted better-than-expected third-quarter financial results and announced a $100 million share repurchase program. The company said it sees fourth-quarter revenue of between $178 million and $183 million and adjusted earnings of between 24 cents and 28 cents per share. Upwork shares jumped 7% to $15.60 in the after-hours trading session.</li>
<li>Analysts are expecting Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) to post quarterly earnings at 75 cents per share on revenue of $5.83 billion. The company will release earnings before the markets open. Halliburton shares rose 0.3% to $30.60 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Avid Bioservices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDMO#NASDAQ">CDMO</a>) agreed to be acquired by GHO Capital Partners and Ampersand in a $1.1 billion transaction. Avid Bioservices shares climbed 11.6% to $12.25 in the after-hours trading session.</li>
<li>Analysts expect Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) to report quarterly earnings at 87 cents per share on revenue of $6.24 billion after the closing bell. Block shares gained 0.4% to $77.98 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41776764/jim-cramer-this-financial-stock-is-a-buy-likes-broadcom">Jim Cramer: This Financial Stock Is A Buy, Likes Broadcom</a></li>
</ul>
Photo courtesy: Hershey&#8217;s

CDMO

UPWK

Hershey, Upwork And 3 Stocks To Watch Heading Into Thursday

Rep. Marjorie Taylor Greene (R-Ga.) disclosed a new round of trades that includes bets on billionaires Warren Buffett, Mark Zuckerberg and Elon Musk ahead of the<a href="https://www.benzinga.com/topic/2024-election"> 2024 presidential election.</a>
What Happened: Greene disclosed purchasing multiple stocks on Tuesday, with the trades all made on Nov. 1 and tracked on <a href="https://www.benzinga.com/gov-trades/members/marjorie-taylor-greene">Benzinga's Government Trades</a> page for the representative.
Here are the stocks bought by Greene, with each trade disclosed in a range of $1,000 to $15,000:
<ul>
<li>Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</li>
<li>Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</li>
<li>Berkshire Hathaway B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)</li>
<li>Corning Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>)</li>
<li>Digital Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLR#NYSE">DLR</a>)</li>
<li>Duke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>)</li>
<li>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</li>
<li>Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</li>
<li>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</li>
<li>Hershey Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>)</li>
</ul>
Greene previously <a href="https://www.benzinga.com/markets/equities/24/10/41266843/marjorie-taylor-greene-boosts-stock-portfolio-with-ai-exposure-buys-jpmorgan-and-this-hot-magnif">disclosed several trades</a> in October, which included buying some of the same stocks, including Berkshire Hathaway, Intel, Tesla and Meta Platforms. In September, Greene <a href="https://www.benzinga.com/government/24/09/41031499/marjorie-taylor-greene-stays-loyal-to-trump-keeps-djt-stock-buys-into-warren-buffetts-berkshire-in-l">also bought </a>Berkshire Hathaway and Intel shares.
In May, Greene <a href="https://www.benzinga.com/markets/equities/24/05/38611874/marjorie-taylor-greene-reveals-new-stock-trades-after-2-year-gap-berkshire-hathway-goldman-sachs">disclosed her first </a>stock purchases in several years, which included Berkshire Hathaway and Hershey shares.
Since May, Greene has been actively trading and adding to positions with a strong interest in technology companies and chip stocks.
Greene's latest positions could raise red flags similar to other investments as she is on the Subcommittee on Cybersecurity, Information Technology, and Government Innovation. The representative is also on the Subcommittee on Government Operations and the Federal Workforce.
Knowledge of technology and cybersecurity deals could help several stocks held in her portfolio.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent110524">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: Greene could also be positioning her portfolio based on the 2024 presidential election, a race which sees the representative supporting Donald Trump.
Chip stocks and technology companies were among <a href="https://www.benzinga.com/general/politics/24/10/41584466/these-10-stocks-were-the-best-s-p-500-performers-in-2017-when-trump-was-president-will-history-r">the best performing </a>in the S&amp;P 500 in 2017, Trump's first year in the White House previously. Energy stocks <a href="https://www.benzinga.com/general/politics/24/10/41606114/10-s-p-500-stocks-were-worst-performers-in-first-year-of-trumps-presidency-will-they-sink-again">underperformed in 2017,</a> which could make Greene's buy of Duke Energy a bit of a surprise if she is betting on a Trump victory.
Tesla is expected to be a company that benefits from a Trump victory. Tesla CEO Elon Musk endorsed Trump for president and could have a role in Trump's White House.
Trump has spoken out against electric vehicles and wants to eliminate consumer tax breaks for EVs. Tesla could benefit from the elimination of subsidies and tax breaks as they could be more harmful to competitors in the electric vehicle space and not hurt Tesla as much as its peers.
While Greene has been actively buying stocks over the last several months, she has not reported selling her shares of Trump Media &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>), the Trump co-founded media company that completed a SPAC merger earlier this year.
Greene disclosed buying Digital World Acquisition shares back in October 2021, the SPAC that took Trump&#8217;s media company public in March 2024.
The transaction was done with shares trading between $67.96 to $118.80. A tweet from UnusualWhales pins the purchase price at $94.20, meaning Greene is down significantly on her $15,000 to $50,000 purchase in the Trump-linked stock. Shares of DJT trade at $39.13 at the time of writing.
With the latest stock transactions, Greene increased her holdings in technology stocks along with placing bets on Buffett to continue powering Berkshire Hathaway as the stock trades near a $1 trillion market cap.
Not many can say that their investing portfolios are betting on Trump, Musk and Buffett, but Greene can.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/politics/24/01/36459015/10-best-stock-traders-in-congress-in-2023-spoiler-nancy-pelosi-is-back-on-the-list">10 Best Stock Traders In Congress In 2023 (Spoiler: Nancy Pelosi Has Reentered The Chat)</a></li>
</ul>
Photo: Shutterstock

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Politics

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INTC

TSLA

Is Marjorie Taylor Greene Betting On Trump Victory? Buys Apple, Meta, Tesla Stocks Ahead Of 2024 Election

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>TD Cowen raised Hub Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUBG#NASDAQ">HUBG</a>) price target from $43 to $49. TD Cowen analyst Jason Seidl maintained a Hold rating. Hub Group shares closed at $43.75 on Wednesday. <a href="https://www.benzinga.com/quote/HUBG/analyst-ratings">See how other analysts view this stock</a>.</li>
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<li>Jefferies cut The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) price target from $163 to $161. Jefferies analyst Rob Dickerson maintained an Underperform rating. Hershey shares closed at $177.50 on Wednesday. <a href="https://www.benzinga.com/quote/HSY/analyst-ratings">See how other analysts view this stock.</a></li>
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Meta Platforms To Rally Around 33%? Here Are 10 Top Analyst Forecasts For Thursday

Jefferies analyst Rob Dickerson maintains Hershey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) with a Underperform and lowers the price target from $163 to $161.

Jefferies Maintains Underperform on Hershey, Lowers Price Target to $161

High-rolling investors have positioned themselves bearish on Hershey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in HSY often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 12 options trades for Hershey. This is not a typical pattern.
The sentiment among these major traders is split, with 16% bullish and 75% bearish. Among all the options we identified, there was one put, amounting to $28,490, and 11 calls, totaling $397,626.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $145.0 to $195.0 for Hershey over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Hershey's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Hershey's substantial trades, within a strike price spectrum from $145.0 to $195.0 over the preceding 30 days.
<h3>Hershey Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730223023_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>HSY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$8.0</td>
<td>$7.6</td>
<td>$7.7</td>
<td>$195.00</td>
<td>$49.6K</td>
<td style="text-align: right;">94</td>
<td style="text-align: right;">599</td>
</tr>
<tr>
<td>HSY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$9.9</td>
<td>$9.3</td>
<td>$9.7</td>
<td>$190.00</td>
<td>$42.6K</td>
<td style="text-align: right;">255</td>
<td style="text-align: right;">265</td>
</tr>
<tr>
<td>HSY</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/16/25</td>
<td>$9.8</td>
<td>$9.4</td>
<td>$9.6</td>
<td>$190.00</td>
<td>$42.2K</td>
<td style="text-align: right;">255</td>
<td style="text-align: right;">122</td>
</tr>
<tr>
<td>HSY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$9.7</td>
<td>$9.5</td>
<td>$9.5</td>
<td>$190.00</td>
<td>$41.8K</td>
<td style="text-align: right;">255</td>
<td style="text-align: right;">77</td>
</tr>
<tr>
<td>HSY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$8.0</td>
<td>$7.7</td>
<td>$7.7</td>
<td>$195.00</td>
<td>$38.5K</td>
<td style="text-align: right;">94</td>
<td style="text-align: right;">161</td>
</tr>
</tbody>
</table>

<h3>About Hershey</h3>
Hershey is a leading confectionery manufacturer in the us (around a $25 billion market), controlling around 36% of the domestic chocolate space (per Euromonitor). Beyond its namesake label, the firm's mix has expanded over the last 85 years and now consists of 100 brands, including Reese's, Kit Kat, Kisses, and Ice Breakers. Hershey's products are sold in about 80 countries, albeit with just a high-single-digit percentage of sales coming from markets outside the us, including Brazil, India, and Mexico. The firm has sought inorganic opportunities to extend its reach beyond its core confection business, adding Amplify Snack Brands and its Skinny Pop ready-to-eat popcorn to its mix, Pirate Brands, and Dot's Pretzels over the past few years.
Following our analysis of the options activities associated with Hershey, we pivot to a closer look at the company's own performance.
<h3>Current Position of Hershey</h3>
<ul>
<li>Currently trading with a volume of 486,624, the HSY's price is down by -0.05%, now at $182.75. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 9 days.</li>
</ul>
<h3>What Analysts Are Saying About Hershey</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $185.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on Hershey with a target price of $180. 
&#x2A; An analyst from B of A Securities persists with their Neutral rating on Hershey, maintaining a target price of $195. 
&#x2A; An analyst from Bernstein has revised its rating downward to Market Perform, adjusting the price target to $205. 
&#x2A; An analyst from Stifel has decided to maintain their Hold rating on Hershey, which currently sits at a price target of $180. 
&#x2A; In a cautious move, an analyst from Redburn Atlantic downgraded its rating to Sell, setting a price target of $165. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Hershey with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Smart Money Is Betting Big In HSY Options

Stifel analyst Matthew Smith maintains Hershey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) with a Hold and lowers the price target from $195 to $180.

Stifel Maintains Hold on Hershey, Lowers Price Target to $180

- Reuters Citing Spokesperson&nbsp;

Hershey Company Has Banned Use Of PFAS Chemicals Globally For Well Over A Decade

WIIM

Hershey shares are trading lower after Grizzly Research issued a short report on the stock.

<a href="https://grizzlyreports.com/HSY/" title="https://grizzlyreports.com/HSY/">https://grizzlyreports.com/HSY/</a>

Hershey Shares Move Lower; Traders Circulate Grizzly Research Short Report

Piper Sandler analyst Michael Lavery maintains Hershey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) with a Neutral and lowers the price target from $179 to $165.

Piper Sandler Maintains Neutral on Hershey, Lowers Price Target to $165

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>JP Morgan analyst Andrew Polkowitz initiated coverage on Insperity, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSP#NYSE">NSP</a>) with an Underweight rating and announced a price target of $90. Insperity shares closed at $86.99 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Redburn Atlantic analyst Bingqing Zhu initiated coverage on The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) with a Sell rating and announced a price target of $165. Hershey shares closed at $184.67 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keybanc analyst Steve Barger initiated coverage on Plexus Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLXS#NASDAQ">PLXS</a>) with a Sector Weight rating. Plexus shares closed at $136.23 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Bernstein analyst Dean Rosenblum initiated coverage on Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) with an Outperform rating and announced a price target of $95. Walmart shares closed at $80.81 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho analyst Siti Panigrahi initiated coverage on Cadence Design Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) with an Outperform rating and announced a price target of $325. Cadence Design shares closed at $253.15 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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Initiation

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PLXS

This Walmart Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Tuesday

Redburn Atlantic analyst Bingqing Zhu initiates coverage on Hershey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) with a Sell rating and announces Price Target of $165.

Redburn Atlantic Initiates Coverage On Hershey with Sell Rating, Announces Price Target of $165

In the current session, Hershey Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) is trading at $184.85, after a 0.44% drop. Over the past month, the stock fell by 4.39%, and in the past year, by 2.86%. With performance like this, long-term shareholders are more likely to start looking into the company's price-to-earnings ratio. 

<img src="https://www.benzinga.com/files/images/story/2024/1729533610_0.png" alt="Past Year Chart" />

<h3>How Does Hershey P/E Compare to Other Companies?</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of the 34.02 in the Food Products industry, Hershey Inc. has a lower P/E ratio of 20.56. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1729533610_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

Price Over Earnings Overview: Hershey

B of A Securities analyst Bryan Spillane maintains Hershey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) with a Neutral and lowers the price target from $200 to $195.

B of A Securities Maintains Neutral on Hershey, Lowers Price Target to $195

Hershey Q3 Earnings Preview: After Absorbing Inflation, A New Chapter Begins

Top 50 High-Quality Dividend Growth Stocks - October 2024 Results

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In a report released today, Nik Modi from RBC Capital maintained a Hold rating on The Hershey Company (HSY – Research Report), with a price target ...

RBC Capital Sticks to Their Hold Rating for The Hershey Company (HSY)

Notable companies reporting before tomorrow's open, with earnings consensus, include Transdigm (TDG), consensus $9.32… Becton Dickinson (BDX), cons...

Notable companies reporting before tomorrow's open

Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on US Foods Holding (USFD – Research Report), Coca-Cola Europaci...

Analysts Offer Insights on Consumer Goods Companies: US Foods Holding (USFD), Coca-Cola Europacific Partners (CCEP) and The Hershey Company (HSY)

In a report released today, Andrew Lazar from Barclays maintained a Hold rating on The Hershey Company (HSY – Research Report), with a price target...

Barclays Reaffirms Their Hold Rating on The Hershey Company (HSY)

Hershey Non-GAAP EPS of $2.34 misses by $0.21, revenue of $2.99B misses by $80M

Consensus $9.40. Cuts FY24 revenue view to flat from up 2%. The company said, "2024 projected earnings per share-diluted, as presented above, does ...

Hershey cuts FY24 adjusted EPS view to $9.00-$9.10 from $9.49-$9.59

Hershey's earnings miss the mark, lowers guidance on high costs, sluggish demand

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ASML

CCEP

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DDOG

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FANG

FAST

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GRMN

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JKHY

KLAC

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LECO

LRCX

MKTX

MPWR

MRNA

MSCI

NTES

NXPI

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PAYX

PENN

PLNT

PLTK

POOL

PZZA

RACE

ROST

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TSCO

USFD

YETI

Press Releases

The Hershey Company Introduces Spooky Treats to Sweeten Your Halloween

Entertainment

You Asked, We Delivered: Reese's and All-Star Angel Reese Team Up for a Fan-Requested Merch Collection

Hershey Names Michael Del Pozzo as President of U.S. Confection

Oh Shift! Ice Breakers Launches New Flavor Shifters Gum that Changes Flavors as You Chew It

Jolly Rancher Unleashes the Fruitiest Ropes, Inside and Out, with the Launch of Jolly Rancher Ropes

Ivory Coast Plans 23% Price Hike On Cocoa Harvest

Hershey to Webcast Third-Quarter Conference Call

Contracts

Hershey Signs Groundbreaking Long-Term Agreement with Cocoa Cooperatives Aimed at Improving Farmer Income and Farm Resiliency

Hershey Reports Third-Quarter 2024 Financial Results; Updates 2024 Net Sales and Earnings Outlook

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