Why The Hershey Company Rallied Today
Shares of The Hershey Company (NYSE: HSY) rallied 6.8% on Monday, as of 1 p.m. ET.
There appeared to be a bit of a rotation today on the first day of the new quarter, with large-cap tech stocks mostly selling off and other stocks, such as small-caps and those in other left-behind sectors rising. However, Hershey also made a company-specific announcement today that added some extra oompf to its rally.
A spokesperson for Hershey spoke to Bloomberg reporters today, saying that Hershey plans to remove all artificial food dyes from its snacks and candies by the end of 2027. The spokesperson said, "Removing these colors is a natural next step in our program to ensure consumers have options to fit their lifestyle while maintaining trust and confidence in our products."
Source Fool.com
Hershey Co. Stock
Our community is currently low on Hershey Co. with 4 Buy predictions and 10 Sell predictions.
However, we have a potential of 4.46% for Hershey Co. as the target price of 146 € is above the current price of 139.76 €.
