Notable Stock to Watch: The Hershey Company (NYSE:HSY)

 The Hershey Company (NYSE:HSY) changed -0.37% to recent value of $137.13. The stock transacted 2088197 shares during most recent day however it has an average volume of 1265.19K shares. It spotted trading -1.59% off 52-week high price. On the other end, the stock has been noted 51.49% away from the low price over the last 52-weeks.

The Hershey Company (NYSE:HSY) announced its new grant program, The Heartwarming Project Action Grants, at its first-ever Makers of Good Teen Summit in New York City. The program will award grants to 400 teen projects aimed at overcoming one of Gen Z’s most pressing issues – social isolation. The Makers of Good Teen Summit is part of The Heartwarming Project, Hershey’s initiative dedicated to helping teens, parents and teachers create more inclusive communities.

In addition to awarding the grants, The Hershey Company will continue its partnership with top digital companies involved with the summit, including Snapchat, Google and Imgur, to help teens use social media to foster positive connections. Through training programs lead by Google employees and Snap School, the teens will learn how to leverage their social media channels for good and promote their projects.

Snapchat is all about removing barriers to self-expression and creativity, and fostering important communication and connection between real friends. We’re excited to be a part of the Summit, and to stand with Gen Z and help them amplify their voices, said Luke Kallis, VP Advertiser Solutions,Snapchat.

Despite growing up in the digital age with tools to connect online, teens face high levels of loneliness and social isolation with recent studies describing Gen Z (currently ages 13-23) as the loneliest generation.1 The grants are designed to combat this pressing issue and support teens leading the way to advance inclusion and connection across the U.S.

Our founder, Milton Hershey, was a social entrepreneur who invested in youth to create opportunity and a better future. We continue that legacy by investing in teens who are taking action to create positive change and bringing people together who want to make a difference, said Todd Tillemans, President, U.S., The Hershey Company. Our Heartwarming Project Action Grants provide a tangible opportunity for teens to help create a new future of social inclusion.  HSY has a gross margin of 44.70% and an operating margin of 19.50% while its profit margin remained 14.40% for the last 12 months. Its earnings per share (EPS) expected to touch remained 51.40% for this year while earning per share for the next 5-years is expected to reach at 7.74%.

 The company has 209.58M of outstanding shares.According to the most recent quarter its current ratio was 0.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of 1.72% from the mean of 20 days, 7.43% from mean of 50 days SMA and performed 21.91% from mean of 200 days price. Company’s performance for the week was -0.86%, 4.33% for month and YTD performance remained 27.94%.

Leave a Reply

Your email address will not be published. Required fields are marked *