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Barclays analyst Andrew Lazar maintains Hershey (NYSE:HSY) with a Equal-Weight and lowers the price target from $208 to $200.
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Cocoa has round-tripped from a record above $10,000 a metric ton to a spring crash near $2,850 and back toward $5,700, yet the price of fun-size chocolate on the shelf has only moved one way.
Filed: 2026-09-02 AccNo: 0001628280-26-060131 Size: 918 KB Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits
The Hershey Company (NYSE: HSY) today announced that Dave Hulays has been named Chief Financial Officer, effective September 2, 2026, succeeding Steve Voskuil. Hulays, who most recently served as Senior Vice President,
Hershey demonstrates strong pricing power despite cocoa costs surging over 120% in six months. Q2 earnings showed 6.6% net sales growth and 57% adjusted EPS growth, indicating successful price increases without losing customers. With 82% of parents planning to buy chocolate in October, Hershey's expanded 'Hersheyween' promotion positions it well for the season. The stock offers a 3.2% dividend yield and is trading below its 52-week high, making it attractive for income-focused investors.