Overview Dividends

(HSY) Hershey - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US4278661081

Chocolate, Confectionery, Snacks, Beverages, Spreads

Packaged Foods & Meats
Market Cap in USD: 38,379m

IPO / Inception: 1985-07-01
Return 12m vs S&P 500: -4.65%

EPS (Earnings per Share)

EPS CAGR: -6.76%
EPS Trend: -40.0%

Last SUE: 1.19
Qual. Beats: 2

Revenue

Rev. CAGR: 8.71%
Rev. Trend: 37.4%

Last SUE: 0.55
Qual. Beats: 0

Dividends

Dividend Yield	3.00%
Yield on Cost 5y	4.07%
Yield CAGR 5y	14.81%
Payout Consistency	92.6%
Payout Ratio	75.2%

Risk via 5d forecast
Volatility	24.5%
Value at Risk 5%th	39.4%
Relative Tail Risk	-2.23%

Reward TTM
Sharpe Ratio	0.36
Alpha	6.13
CAGR/Max DD	-0.12

Character TTM
Hurst Exponent	0.533
Beta	0.087
Beta Downside	0.067

Drawdowns 3y
Max DD	45.25%
Mean DD	25.26%
Median DD	28.64%

Description: HSY Hershey December 03, 2025

The Hershey Company (HSY) manufactures and sells a broad portfolio of confectionery, salty-snack, and pantry products across three operating segments-North America Confectionery, North America Salty Snacks, and International-reaching roughly 80 countries through wholesale, grocery, mass-merchant, drug-store, and convenience channels. Its marquee brands include Hershey’s, Reese’s, Kisses, Kit Kat, and emerging snack names such as SkinnyPop, ONE Bar, and Pirates Booty.

Key recent metrics: FY 2023 net sales were $11.6 billion, with the North America Salty Snacks segment delivering a 9% YoY revenue growth driven by the expanding protein-bar and popcorn categories. The company’s operating margin hovered around 28%, reflecting pricing power that partially offset higher cocoa and sugar input costs. A primary macro driver is consumer discretionary spending, which remains sensitive to inflation trends and real-wage growth; a 1% rise in U.S. inflation historically depresses confectionery volume growth by roughly 0.3% (based on sector-wide historical data).

For a deeper quantitative dive and scenario analysis, you might explore the company’s profile on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income (1.36b TTM) > 0 and > 6% of Revenue (6% = 689.3m TTM)

FCFTA 0.16 (>2.0%) and ΔFCFTA 2.79pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 10.19% (prev -5.86%; Δ 16.05pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.17 (>3.0%) and CFO 2.29b > Net Income 1.36b (YES >=105%, WARN >=100%)

Net Debt (4.58b) to EBITDA (2.26b) ratio: 2.02 <= 3.0 (WARN <= 3.5)

Current Ratio 1.36 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (203.5m) change vs 12m ago 0.23% (target <= -2.0% for YES)

Gross Margin 37.46% (prev 44.35%; Δ -6.89pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 87.70% (prev 86.93%; Δ 0.77pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 8.79 (EBITDA TTM 2.26b / Interest Expense TTM 201.2m) >= 6 (WARN >= 3)

Altman Z'' 3.41

(A) 0.09 = (Total Current Assets 4.40b - Total Current Liabilities 3.23b) / Total Assets 13.58b

(B) 0.40 = Retained Earnings (Balance) 5.45b / Total Assets 13.58b

(D) 0.60 = Book Value of Equity 5.42b / Total Liabilities 9.01b

Total Rating: 3.41 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 72.41

1. Piotroski 6.0pt

2. FCF Yield 5.02%

3. FCF Margin 18.78%

4. Debt/Equity 1.26

5. Debt/Ebitda 2.02

6. ROIC - WACC (= 7.39)%

7. RoE 29.44%

8. Rev. Trend 37.37%

9. EPS Trend -40.04%

What is the price of HSY shares?

As of December 24, 2025, the stock is trading at USD 182.62 with a total of 1,750,203 shares traded.
Over the past week, the price has changed by -2.94%, over one month by -1.71%, over three months by -3.52% and over the past year by +11.60%.

Is HSY a buy, sell or hold?

Hershey has received a consensus analysts rating of 3.04. Therefor, it is recommend to hold HSY.

Strong Buy: 3
Buy: 1
Hold: 17
Sell: 2
Strong Sell: 2

What are the forecasts/targets for the HSY price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	192.4	5.3%
Analysts Target Price	192.4	5.3%
ValueRay Target Price	191.1	4.7%

HSY Fundamental Data Overview December 21, 2025

Market Cap USD = 38.38b (38.38b USD * 1.0 USD.USD)
P/E Trailing = 28.3323
P/E Forward = 28.169
P/S = 3.3405
P/B = 8.3594
P/EG = 48.5713
Beta = 0.177
Revenue TTM = 11.49b USD
EBIT TTM = 1.77b USD
EBITDA TTM = 2.26b USD
Long Term Debt = 4.68b USD (from longTermDebt, last quarter)
Short Term Debt = 763.6m USD (from shortTermDebt, last quarter)
Debt = 5.74b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 4.58b USD (from netDebt column, last quarter)
Enterprise Value = 42.96b USD (38.38b + Debt 5.74b - CCE 1.16b)
Interest Coverage Ratio = 8.79 (Ebit TTM 1.77b / Interest Expense TTM 201.2m)
FCF Yield = 5.02% (FCF TTM 2.16b / Enterprise Value 42.96b)
FCF Margin = 18.78% (FCF TTM 2.16b / Revenue TTM 11.49b)
Net Margin = 11.84% (Net Income TTM 1.36b / Revenue TTM 11.49b)
Gross Margin = 37.46% ((Revenue TTM 11.49b - Cost of Revenue TTM 7.19b) / Revenue TTM)
Gross Margin QoQ = 31.58% (prev 30.45%)
Tobins Q-Ratio = 3.16 (Enterprise Value 42.96b / Total Assets 13.58b)
Interest Expense / Debt = 0.90% (Interest Expense 51.5m / Debt 5.74b)
Taxrate = 25.70% (95.6m / 371.9m)
NOPAT = 1.31b (EBIT 1.77b * (1 - 25.70%))
Current Ratio = 1.36 (Total Current Assets 4.40b / Total Current Liabilities 3.23b)
Debt / Equity = 1.26 (Debt 5.74b / totalStockholderEquity, last quarter 4.56b)
Debt / EBITDA = 2.02 (Net Debt 4.58b / EBITDA 2.26b)
Debt / FCF = 2.12 (Net Debt 4.58b / FCF TTM 2.16b)
Total Stockholder Equity = 4.62b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.01% (Net Income 1.36b / Total Assets 13.58b)
RoE = 29.44% (Net Income TTM 1.36b / Total Stockholder Equity 4.62b)
RoCE = 19.03% (EBIT 1.77b / Capital Employed (Equity 4.62b + L.T.Debt 4.68b))
RoIC = 12.99% (NOPAT 1.31b / Invested Capital 10.12b)
WACC = 5.60% (E(38.38b)/V(44.12b) * Re(6.34%) + D(5.74b)/V(44.12b) * Rd(0.90%) * (1-Tc(0.26)))
Discount Rate = 6.34% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -100.0 | Cagr: -0.97%
[DCF Debug] Terminal Value 79.25% ; FCFE base≈1.96b ; Y1≈2.09b ; Y5≈2.54b
Fair Price DCF = 300.1 (DCF Value 44.47b / Shares Outstanding 148.2m; 5y FCF grow 7.85% → 3.0% )
EPS Correlation: -40.04 | EPS CAGR: -6.76% | SUE: 1.19 | # QB: 2
Revenue Correlation: 37.37 | Revenue CAGR: 8.71% | SUE: 0.55 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.82 | Chg30d=+0.015 | Revisions Net=+2 | Analysts=14
EPS next Year (2026-12-31): EPS=6.92 | Chg30d=+0.174 | Revisions Net=+6 | Growth EPS=+15.5% | Growth Revenue=+3.7%

Additional Sources for HSY Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle