Valued at a market cap of $31.4 billion, The Hershey Company (HSY) manufactures and sells confectionery products and pantry items. The Hershey, Pennsylvania-based company operates through three segments: North America Confectionery, North America Salty Snacks, and International.
This confectionery manufacturer’s shares have significantly lagged behind the broader market over the past 52 weeks. HSY has declined 20.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 20.6%. Moreover, the stock is down 8.5% on a YTD basis, compared to SPX’s 2.5% rise during the same time frame.
