In the last two decades, shares of Hershey Foods (HSY) have outpaced the broader markets, rising close to 657% after adjusting for dividends. In this same time period, the S&P 500 Index ($SPX) has returned less than 550%.
But while the S&P 500 is still trading near all-time highs, Hershey stock is down 30% from record levels, valuing the company at $39 billion by market cap. Let’s see if the ongoing pullback provides investors an opportunity to buy the dip and benefit from outsized gains going forward.
