#5 - Hershey’s (NYSE:HSY)
The Hershey Company (NYSE: HSY) makes this list, but I won't pretend that it’s on this list because of its pristine fundamentals. The company has a forward P/E ratio of 21x, which is a little high for the sector.
However, we're entering into the company's sweet spot (pun intended) from a revenue and earnings perspective. The fourth quarter brings Halloween and the holiday season, which are historically strong seasons for the company.
That should allow investors to look at the pullback in HSY stock in 2023 as an opportunity to take a position in a stock that is expected to grow earnings by 7.75%. The Hershey analyst ratings on MarketBeat forecast a 24.3% upside for HSY stock.
And as you get with all the stocks on this list, you get a nice dividend that has been increasing for the last 14 consecutive years, currently offers a 2.27% yield, and has an annual payout of $4.77 per share.
About Hershey
The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.
Read More - Current Price
- $170.26
- Consensus Rating
- Reduce
- Ratings Breakdown
- 0 Buy Ratings, 13 Hold Ratings, 6 Sell Ratings.
- Consensus Price Target
- $185.17 (8.8% Upside)
