Name of opportunity: 👀
Hershey Company, The
Hershey shares surge 📈
The Hershey Company has seen a recent price increase, with shares going up 9.46% in the past week. This is likely due to Mondelez, the parent company of Cadbury, reportedly trying to buy Hershey.
Hershey is an income stock, which means it shares out a proportion of its profits in dividends to shareholders. Hershey currently has strong cash flow and revenue - meaning it has solid financial health currently.
Hershey's has a dividend yield of 2.56%. This means that if you invested $1000, you might be paid $25.60 a year in dividends (based on the last 12 months).
How hot is this investment opportunity? 🔥🔥
Analysts predict the price of The Hershey Company might increase from $174.70 to $202.68 in the next 12 months. If you invested $1000, you might profit $160.17.
The reason why Hershey’s stock has shot up recently, might be because of the recent reports of Mondelez showing interest in buying the company. This acquisition could result in a big shift in the confectionary world - but it’s very early stages and there are no signs of a deal being made just yet.
It’s not the first time Mondeloz International have tried to buy The Hershey Company, as in 2016 Mondelez made an attempt - and was rejected whenHershey turned down the 23 billion dollar deal. If Mondelez does buy Hershey this time around, the merged companies would have a massive combined sales of nearly $50 billion a year. Some analysts think mergers will become more common now that Trump has won the election, as the president-elect is expected to make it easier for businesses to make these deals due to his deregulatory Republican policies.
Although analysts have predicted an increase in price over the next 12 months for Hershey’s stock they are rating this stock a ‘hold’ for now.
Iconic chocolate brand 🍫
The Hershey Company is an American multinational confectionery company and is one of the largest chocolate manufacturers in the world. Hershey’s is headquartered in Hershey, Pennsylvania, United States.
Which neme?: 🔍
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