Professional
Added to YB: 2024-10-25
Pitch date: 2024-10-23
HSY [bearish]
The Hershey Company
-4.03%
current return
Author Info
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Company Info
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.
Market Cap
$37.5B
Pitch Price
$174.79
Price Target
N/A
Dividend
2.96%
EV/EBITDA
16.78
P/E
27.66
EV/Sales
3.67
Sector
Food Products
Category
N/A
High Levels of Banned PFAS Detected in Hershey’s (NYSE: HSY) Packaging. Independent Tests Reveal Widespread Presence of Cancer-Linked 'Forever Chemicals' in its Biggest Brands
HSY short: Extensive lab tests reveal PFAS contamination in HSY candy wrappers, not in competitors'. 43% of revenue affected. Risks: brand damage, lawsuits, recall costs. FDA ban, no authorization. Experts surprised by high levels. Potential 20% valuation impact. Regulatory agencies informed.
Read full article (14 min)