Hershey Rises On Unusually High Volume (HSY)
NEW YORK (TheStreet) -- Hershey Company (NYSE:HSY) is trading at unusually high volume Tuesday with 4.9 million shares changing hands. It is currently at four times its average daily volume and trading up $3.71 (+6%) at $66 as of 4 p.m. ET.
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 23, above the average food & beverage industry P/E ratio of 21.8 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Hershey as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, growth in earnings per share, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Hershey Ratings Report.