Latest news with #HersheyCompany
Yahoo
17-05-2025
- Business
- Yahoo
Pennsylvania considers making Hershey Kiss the state candy
Could the classic Hershey Kiss chocolate drop become the official state candy of Pennsylvania? Here's where the process stands on the state officially adopting the Hershey Kiss. Published reports indicate the Pennsylvania House of Representatives voted on Tuesday, May 13, in favor of a bill designating the Hershey Kiss as the official state candy of Pennsylvania. House BIll 1030 pointed out the history of Hershey founder Milton Hershey and the impact the candy has had on Pennsylvania's economy. "Hershey's supports many aspects of this Commonwealth's economy, including supporting this Commonwealth's proud dairy industry for more than 125 years through the company's use of fresh dairy milk that surrounds the company's chocolate factories," read a portion of HB 1030. "The globally beloved legacy of Milton Hershey and the products he created transformed Hershey into a tourist destination for visitors from around the world." HB 1030 now goes to the Pennsylvania State Senate. State Rep. Thomas Mehaffie sponsored HB 1030, and Reps. Kristin Marcell and Perry Warren were the cosponsors. Mehaffie said the idea to make the Hershey Kiss the official state candy came from a Bucks County classroom project. "A group of dedicated young Pennsylvanians formed a committee, researched Pennsylvania's confection history, and drafted a bill to establish Hershey's Kisses as the first-in-the-nation state candy," read Mehaffie's memo. "We believe that denoting Hershey's Kisses as the state candy will not only bring more attention to our state and promote tourism, but also commemorate a company and candy that has forever impacted our state's economy and values." Damon C. Williams is a Philadelphia-based journalist reporting on trending topics across the Mid-Atlantic Region. This article originally appeared on Erie Times-News: Pennsylvania considers making Hershey Kiss the state candy
Yahoo
15-05-2025
- Business
- Yahoo
Pennsylvania lawmakers pass bill making the Hershey's Kiss the 'State Candy'
(WHTM)– A bill to designate Hershey's Kiss as the Pennsylvania State candy has passed the House and advanced to the Senate. House Bill 1030, sponsored by state Representative Thomas Mehaffie (R-106) and co-sponsored by various other representatives from both sides of the aisle, would designate Hershey's Kisses as the official state candy of the Commonwealth of Pennsylvania. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now The House passed the bill 150-53 earlier this week. According to the bill, if passed, Hershey's Kisses would immediately be designated the official State candy in perpetuity, and as long as the Hershey Company remains in Pennsylvania. The bill highlights The Hershey Company's success, calling kisses one of the most iconic candies of all time. The Hershey Kiss bill has been introduced several times in the General Assembly but has faced pushback for fear of giving the 'State Candy' title to one company. In March, Pennsylvania State Senator Lisa Boscola said she plans to introduce a bill making Peeps the official candy of Pennsylvania. Hershey sells its products in 85 countries around the globe and produces more than 70,000,000 Hershey's kisses daily in Hershey. The bill added that the Hershey Company supports many aspects of Pennsylvania's economy, including its dairy industry. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
09-05-2025
- Business
- Yahoo
Hershey (NYSE:HSY) Is Paying Out A Dividend Of $1.37
The Hershey Company's (NYSE:HSY) investors are due to receive a payment of $1.37 per share on 16th of June. Based on this payment, the dividend yield will be 3.2%, which is fairly typical for the industry. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Unless the payments are sustainable, the dividend yield doesn't mean too much. Based on the last payment, Hershey was quite comfortably earning enough to cover the dividend. This indicates that quite a large proportion of earnings is being invested back into the business. Over the next year, EPS is forecast to expand by 3.9%. If the dividend continues on this path, the payout ratio could be 71% by next year, which we think can be pretty sustainable going forward. See our latest analysis for Hershey The company has been paying a dividend for a long time, and it has been quite stable which gives us confidence in the future dividend potential. Since 2015, the annual payment back then was $2.14, compared to the most recent full-year payment of $5.48. This works out to be a compound annual growth rate (CAGR) of approximately 9.9% a year over that time. Companies like this can be very valuable over the long term, if the decent rate of growth can be maintained. Investors could be attracted to the stock based on the quality of its payment history. It's encouraging to see that Hershey has been growing its earnings per share at 8.8% a year over the past five years. The company is paying a reasonable amount of earnings to shareholders, and is growing earnings at a decent rate so we think it could be a decent dividend stock. Overall, we think that this is a great income investment, and we think that maintaining the dividend this year may have been a conservative choice. Distributions are quite easily covered by earnings, which are also being converted to cash flows. Taking this all into consideration, this looks like it could be a good dividend opportunity. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. Taking the debate a bit further, we've identified 1 warning sign for Hershey that investors need to be conscious of moving forward. Is Hershey not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
01-05-2025
- Business
- Yahoo
Hershey (NYSE:HSY) Declares Dividends As Earnings Show US$225 Million Net Income Drop
The Hershey Company (NYSE:HSY) recently reaffirmed its dividend payouts and released a lower year-over-year earnings report for Q1 2025, amidst expectations of modest sales growth and a significant EPS decline for the full year. Over the last quarter, the company's stock price experienced a 10% increase. This movement parallels the upward trend in broader markets, influenced by strong technology earnings that propelled indices like the S&P 500 and the Dow. Hershey's consistent dividend distributions perhaps provided some stability, yet did not significantly counter or enhance the larger market movements observed during this period. We've identified 2 warning signs with Hershey (at least 1 which is significant) and understanding the impact should be part of your investment process. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. The Hershey Company's Q1 2025 earnings report, with lower year-over-year results, contrasts with its reaffirmed dividend, impacting investor sentiment. While the company's stock rose 10% in the last quarter, mirroring market trends, Hershey's shares have experienced a 41.96% total return, including dividends, over the past five years. This longer-term performance provides a broader context, indicating that despite recent pressures, the company has been resilient over time. In the past year, Hershey underperformed compared to the US Food industry, which experienced a negative return of 7.9%. The current earnings and revenue forecasts may be challenged by elevated cocoa costs and changing consumer trends toward healthier products. Analysts expect earnings to decrease from US$2.2 billion today to US$1.7 billion by April 2028, with projected revenue growth of 2.4% annually over the next three years. With these forecasts in mind, the recent stock price movement of Hershey, currently valued at US$165.07, aligns closely with the analyst consensus price target of US$165.86, suggesting the stock might be fairly priced at present. However, the potential weak international segment growth and consumer trends could alter these projections. Navigate through the intricacies of Hershey with our comprehensive balance sheet health report here. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:HSY. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
16-04-2025
- Business
- Yahoo
Proposed bill aims to bring film production to Pennsylvania
(WHTM)– A Pennsylvania lawmaker proposed a bill to increase the limit for the state's Film Production Tax Credit to bring more projects to the state. The bill, proposed by State Representative Joe Ciresi (D-Montgomery), aims to bring film production back to the commonwealth by expanding the film production tax credit. The memo said that a lack of funding causes Pennsylvania to turn film projects away because the state's tax credit level is capped at $100 million. 25 movies filmed in Pennsylvania According to the Pennsylvania Department of Community and Economic Development, 592 projects have been approved for tax credits, which have pumped $4 billion back into the state's economy. Ciresi argues that filming in Pennsylvania generates jobs and economic activity in communities. The legislation would expand the limit for the Film Production Tax Credit to $125 million. Ciresi says that this would be a first step in meeting the needs of the film production industry. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now Additionally, bringing film production back to the state could potentially increase opportunities for tourism. 'Greater availability of these tax credits will bring more projects to the state, leading to more jobs and economic impact, more opportunities for tourism, and more hometowns spotlighted for the world to see and for us to take pride in,' said Ciresi. The Hershey Company revealed earlier in April that a 'major motion picture' featuring Milton and Catherine Hershey will begin production next month in Pennsylvania, including Lancaster and Hershey. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
