Previous Close | 186.00 |
Open | 185.40 |
Bid | 0.00 x 1000 |
Ask | 185.00 x 1000 |
Day's Range | 183.87 - 188.59 |
52 Week Range | 178.82 - 211.92 |
Volume | |
Avg. Volume | 1,360,126 |
Market Cap | 37.288B |
Beta (5Y Monthly) | 0.36 |
PE Ratio (TTM) | 20.41 |
EPS (TTM) | 9.03 |
Earnings Date | Nov 07, 2024 |
Forward Dividend & Yield | 5.48 (2.97%) |
Ex-Dividend Date | Aug 16, 2024 |
1y Target Est | 199.09 |
Hershey announced a five-year agreement with nine cocoa-producing cooperatives in Côte d'Ivoire. The move is part of its "Cocoa For Good" strategy, a 10-year, $500 million investment by the company to address the complex challenges facing cocoa farmers. The agreement aims to build lasting relationships with farmers that enable a more resilient supply.
Trick-or-treaters, beware this Halloween, even candy is not excluded from inflation trends this spooky season. Cocoa production (CC=F) has dropped over 14% year-over-year while prices have risen nearly 120% in that time, putting pressure on everybody's favorite candy bar makers. Yahoo Finance senior reporter Brooke DiPalma details how candy companies are reacting to these cocoa headwinds to offset these cocoa headwinds. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Luke Carberry Mogan.