Why Hershey Stock Has More Room to Run Despite Takeover Rejection
HSYHershey(HSY) MarketBeat·2024-12-14 20:46

The start of December 2024 brought a story that some investors were already expecting to see, just not in the way that it happened. Despite rising cocoa prices and a seeming disinterest in consumer staples stocks, shares of Hershey Co. NYSE: HSY rallied on some unexpected news. For those who understand a value investment, the news of a potential takeover bid was nothing out of the ordinary. Hershey TodayHSYHershey$183.01 -0.94 (-0.51%) 52-Week Range$168.16▼$211.92Dividend Yield2.99%P/E Ratio21.08Price Targ ...