最新ニュース Hershey (NYSE:HSY) 株価情報

Hershey

Hershey is a leading US confectionery manufacturer (around a $25 billion market), controlling around 36% of the domestic chocolate space (per Euromonitor). Beyond its namesake label, the firm's mix has expanded over the last 85 years and now consists of 100 brands, including Reese's, Kit Kat, Kisses, and Ice Breakers. Hershey's products are sold in about 80 countries, albeit with just a high-single-digit percentage of sales coming from markets outside the US, including Brazil, India, and Mexico. The firm has sought inorganic opportunities to extend its reach beyond its core confection business, adding Amplify Snack Brands and its Skinny Pop ready-to-eat popcorn to its mix, Pirate Brands, and Dot's Pretzels over the past few years.

The Hershey Co

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Shares of beverage and packaged food stocks are trading lower after president-elect Trump indicated he would nominate Robert F. Kennedy Jr. to lead the HHS.

Barclays analyst Andrew Lazar maintains Hershey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) with a Equal-Weight and lowers the price target from $202 to $180.

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Barclays Maintains Equal-Weight on Hershey, Lowers Price Target to $180

RBC Capital analyst Nik Modi maintains Hershey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) with a Sector Perform and lowers the price target from $205 to $183.

RBC Capital Maintains Sector Perform on Hershey, Lowers Price Target to $183

The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) today announced it has acquired Sour Strips, a fast-growing sour candy brand with a powerful social media presence. Sour Strips' "sour candy that doesn't suck" enhances Hershey's presence in the category and expands its reach to new consumers for more snacking occasions.

Hershey Expands Sweets Portfolio With Acquisition Of Sour Strips; No Terms Disclosed

Piper Sandler analyst Michael Lavery maintains Hershey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) with a Neutral and raises the price target from $165 to $168.

Piper Sandler Maintains Neutral on Hershey, Raises Price Target to $168

U.S. stocks traded mostly higher this morning, with the Nasdaq Composite gaining around 1% on Thursday.
Following the market opening Thursday, the Dow traded up 0.06% to 43,757.89 while the NASDAQ rose 1.06% to 19,184.31. The S&amp;P 500 also rose, gaining, 0.52% to 5,959.89.
Check This Out: <a href="https://www.benzinga.com/news/24/11/41801967/top-3-energy-stocks-that-are-ticking-portfolio-bombs">Top 3 Energy Stocks That Are Ticking Portfolio Bombs</a>
Leading and Lagging Sectors Consumer discretionary shares surged by 1.6% on Thursday.
In trading on Thursday, financials shares fell by 0.9%.
Top Headline
The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) posted weaker-than-expected results for the third quarter on Thursday.
Hershey posted adjusted EPS of $2.34, missing market estimates of $2.56. The company's quarterly sales came in at $2.987 billion versus expectations of $3.077 billion.
Hershey slashed its FY24 adjusted earnings per share view to $9.00 – $9.10 versus $9.40 estimate (from $9.49 – $9.59). The company sees flat net sales in FY24, compared with the prior view of 2% growth.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Webuy Global Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBUY#NASDAQ">WBUY</a>) shares shot up 337% to $0.4984.</li>
<li>Shares of Nature&#8217;s Miracle Holding Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMHI#NASDAQ">NMHI</a>) got a boost, surging 213% to $0.3036. Nature&#8217;s Miracle Holding launched EV business in the U.S. and South America.</li>
<li>AtlasClear Holdings, Inc. &nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATCH#NYSE">ATCH</a>) shares were also up, gaining 57% to $0.2830.</li>
</ul>
Equities Trading DOWN
<ul>
<li>FOXO Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOXO#NYSE">FOXO</a>) shares dropped 46% to $0.42.</li>
<li>Shares of Digital Turbine, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPS#NASDAQ">APPS</a>) were down 45% to $1.78 after the company reported worse-than-expected second-quarter financial results.</li>
<li>Exela Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XELA#NASDAQ">XELA</a>) was down, falling 39% to $1.2099. On Nov. 6, 2024, the Nasdaq Stock Market notified Exela Technologies that the Nasdaq Hearings Panel has determined to delist the company&#8217;s common stock and that trading of the company&#8217;s securities will be suspended at the open of trading on Nov. 8.</li>
</ul>
Commodities In commodity news, oil traded down 0.3% to $71.45 while gold traded up 0.4% at $2,685.80.
Silver traded up 0.6% to $31.505 on Thursday, while copper rose 3.7% to $4.4015.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.8%, Germany's DAX gained 1.5% and France's CAC 40 rose 0.6%. Spain's IBEX 35 Index rose 0.8%, while London's FTSE 100 rose 0.1%.
The Bank of England cut its Bank Rate by 25bps to 4.75% at its recent meeting. Retail sales in the Eurozone rose 0.5% month-over-month in September versus a revised 1.1% gain in August. The HCOB Eurozone construction PMI climbed to 43.0 in October from 42.1 in the previous month.
The S&amp;P Global France construction PMI climbed to 42.2 in October from 37.9 in the prior month, while German construction PMI declined to 40.2 in October from 41.7 in the previous month.
Asia Pacific Markets
Asian markets closed mixed on Thursday, with Japan's Nikkei 225 falling 0.25%, Hong Kong's Hang Seng Index gaining 2.02%, China's Shanghai Composite Index gaining 2.57% and India's BSE Sensex falling 1.04%.
China&#8217;s trade surplus widened to $95.27 billion in October from $56.13 billion in the year-ago period. Foreign exchange reserves in Singapore increased to SGD 507.6 billion in October from SGD 499.7 billion in the prior month.
Economics
<ul>
<li>U.S. initial jobless claims rose by 3,000 from the previous week to 221,000 in the final week of October, in-line with market expectations.</li>
<li>U.S. nonfarm business sector labor productivity increased by 2.2% in the third quarter compared to a revised 2.1% gain in the prior three-month period.</li>
<li>Unit labor costs in the nonfarm business sector rose an annualized 1.9% during the third quarter compared to a revised 2.4% increase in the earlier period.</li>
</ul>
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Nasdaq Surges 1%; Hershey Posts Downbeat Q3 Results

The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) shares are <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">trading lower in the premarket session on Thursday.</a>
The company reported third-quarter adjusted earnings per share of $2.34, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41801901/hershey-reports-third-quarter-2024-financial-results-updates-2024-net-sales-and-earnings-outlook" rel="noreferrer noopener">missing the street view of $2.56</a>. Quarterly sales of $2.987 billion (down 1.4%) missed the analyst consensus of $3.077 billion.
Organic net sales dropped 1.0%, as higher prices were offset by lower volume across segments and reduced inventory in North America Salty Snacks ahead of the ERP system rollout in the fourth quarter of 2023.
&#8220;While year-to-date results have been affected by historically high cocoa prices and a challenging consumer environment, we are laser-focused on controlling what we can and are acting with immediacy to deliver value to customers, consumers and shareholders,&#8221; said&nbsp;Michele Buck, Hershey President and Chief Executive Officer.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41801920/us-stocks-likely-to-open-higher-extending-post-election-rally-feds-rate-decision-on-investors-radar" rel="noreferrer noopener">US Stocks Likely To Open Higher, Extending Post-Election Rally: Fed&#8217;s Rate Decision On Investors&#8217; Radar As Expert Highlights Markets Scaling 48 All-Time Highs This Year</a>
North America Confectionery unit gained 0.8% in the quarter under review, while North America Salty Snacks fell 15.5%, and International down 3.9%.
Adjusted gross margin was 40.3% in the quarter under review, down 460 basis points from the year-ago period.
This decline was due to higher commodity costs, timing issues, fixed cost increases, and unfavorable product mix, despite price hikes and productivity gains.
Adjusted operating profit was $654.0 million, down 13.2% in the year-ago period. This led to an operating profit margin of 21.9%, a 300 basis point decrease.
The company exited the quarter with cash and equivalents worth &nbsp;$614.95 million, with net inventories worth $1.301 billion. Long-term debt as of quarter-end was $3.189 billion.
Dividend: The company announced quarterly dividends of&nbsp;$1.370&nbsp;on the common stock and&nbsp;$1.245&nbsp;on the Class B common stock. The dividends were declared&nbsp;November 6<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41801901/hershey-reports-third-quarter-2024-financial-results-updates-2024-net-sales-and-earnings-outlook" rel="noreferrer noopener"> and are payable&nbsp;December 16.</a>&nbsp;
Outlook: Hershey cuts FY24 adjusted earnings per share view to $9.00 &#8211; $9.10 versus $9.40 estimate (<a target="_blank" href="https://www.benzinga.com//node/40094440" rel="noreferrer noopener">from $9.49 &#8211; $9.59</a>). The company sees flat net sales in FY24, compared with the prior view of 2% growth.
Price Action: HSY shares are trading lower by 2.88% to $171.72 premarket at last check Thursday.
Image by Melissa from Pixabay
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Hershey's Q3 Earnings Sour As Sales Dip And Outlook Darkens; CEO Pledges Aggressive Turnaround Amid High Cocoa Costs

Hershey shares are trading lower following a Q3 EPS and revenue miss as well as soft guidance.

Hershey Sees 2024 Adj. EPS $9-$9.14 vs $9.40 Est.

Earnings Misses

Hershey Q3 2024 Adj. EPS $2.34 Misses $2.56 Estimate, Sales $2.987B Miss $3.077B Estimate

U.S. stocks could open in the green on Thursday after a strong post-election rally on Wednesday that saw former President Donald Trump <a href="https://www.benzinga.com/news/24/11/41768178/donald-trump-defeats-kamala-harris-to-win-2024-election">emerge victorious</a> after a long-drawn battle with Joe Biden and Kamala Harris.
Futures of all three major indices edged up on Thursday, pointing to positive sentiment on Wall Street.
Shares of Trump's social media company, Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) will remain in focus once again on Thursday after surging nearly 6% on Wednesday.
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<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.22%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.19%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.19%</td>
</tr>
<tr>
<td>R2K</td>
<td>0.35%</td>
</tr>
</tbody>
</table>
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In premarket trading on Thursday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) gained 0.22% to $592.42 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.26% to $506.87, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data</a>.
Cues From Last Session:
All three major indices registered strong surges as election results poured in on Wednesday, ending the session with major gains. The wider Dow Jones index surged by over 1,500 points, closing the day with 3.6% gains.
Oil prices continued to ease as Trump's win increased expectations of a stronger U.S. dollar.
Treasury yields continued to gain after <a href="https://www.benzinga.com/news/24/11/41765345/treasury-yields-pop-on-trump-victory-chances-10-year-benchmark-reaches-4-month-high">popping on Wednesday at the prospect</a> of a Trump victory.
All eyes will be on the Federal Open Market Committee (FOMC) and Federal Reserve chair Jerome Powell on Thursday as investors await signals on the path for rate decisions going forward.
Most sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, industrials, and financials stocks recording the biggest gains on Wednesday.
However, consumer staples and real estate stocks bucked the overall market trend, closing the session lower.
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<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>2.95%</td>
<td>18,983.47</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>2.53%</td>
<td>5,929.04</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>3.57%</td>
<td>43,729.93</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>5.84%</td>
<td>2,392.92</td>
</tr>
</tbody>
</table>
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It's not just equities that surged—top cryptocurrency Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) continued to gain momentum, scaling a new all-time high of $76,460.15. At the time of writing, Bitcoin was trading at $74,967.38, up by 1.48% in the last 24 hours.
Insights From Analysts:
Veteran investor Mark Mobius, chairman of Mobius Emerging Opportunities Fund, <a href="https://www.cnbc.com/">told</a> CNBC that a Trump victory would not just be good for the U.S. economy, but also for emerging ones.
A decisive Trump victory would lead to "lots of deregulation," according to Mobius, which would also be "very good" for emerging countries.
"One of the things [I observe] as I travel around the world, is the incredible impact of U.S. regulations on these countries regarding the transfer of funds, know your customer… hopefully, that will go down the drain and there will be much freer trade and much freer movement of currencies."
Ryan Detrick, chief market strategist at Carson Group, highlighted that the U.S. equity markets have already hit new all-time highs 48 times in 2024, with nearly two months still to go.
Per Detrick's analysis, this could mean the U.S. markets could witness 56 all-time highs in 2024, which would make it the fifth most in history.
He is also bullish on the impact of a potential Fed rate cut on U.S. equities. He noted that when the Fed cut rates at a time when the S&amp;P 500 was near an all-time high, it resulted in stocks being higher a year later.
"They&#8217;ve done this 20 other times and a year later stocks were higher 20 times. As we&#8217;ve been saying all year, the Fed is a tailwind."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Tomorrow the Fed will cut rates with the S&amp;P 500 near an all-time high. They&#39;ve done this 20 other times and a year later stocks were higher 20 times. As we&#39;ve been saying all year, the Fed is a tailwind. <a href="https://t.co/YgfF3WJ4B3">pic.twitter.com/YgfF3WJ4B3</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1854350014425788872?ref_src=twsrc%5Etfw">November 7, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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According to CME Group's FedWatch tool, markets are currently anticipating a 100% chance of a rate cut. Powell's remarks in the press conference will be worth looking out for, though, as investors look for guidance on the future trajectory of rate action.
On the economic data front, U.S. mortgage applications fell by 10.8% from the previous week in the week ended Nov. 1.
U.S. crude oil inventories increased by 2.149 million barrels in the week ended Nov. 1, compared to market estimates of a 1.8 million gain.
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Upcoming Economic Data
While Powell and Fed will be the stars of Thursday's economic calendar, here's all the activity investors will be watching today:
<ul>
<li>Initial jobless claims data and preliminary productivity numbers will be released at 8:30 a.m. ET.</li>
<li>Wholesale inventories data will be released at 10 a.m. ET.</li>
<li>FOMC will announce its rate decision at 2 p.m. ET.</li>
<li>Fed Chair Powell will address a press conference at 2:30 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Trump Media &amp; Technology Group Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) shares plunged nearly 20% in premarket trading on Thursday.</li>
<li>Lyft Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) shares <a href="https://www.benzinga.com/news/24/11/41799780/why-lyft-shares-are-trading-higher-by-over-21-here-are-20-stocks-moving-premarket">popped over 22% </a>after the company raised its outlook amid a surge in sales and ridership.</li>
<li>Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) beat Street expectations and extended its share buyback program. Qualcomm shares rose over 7% in premarket trading.</li>
<li>JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) shares are in focus after Baird downgraded the lender's stock from neutral to sell.</li>
<li>Investors are awaiting earnings results from The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>), Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>), and Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) today.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures eased in the early New York session, falling by 0.92% as Trump's return to the White House has led to a stronger U.S. dollar.
The 10-year Treasury note yield surged to 4.433%.
Most Asian markets ended Thursday on a positive note, but Japan's Nikkei 225 index ended the day 0.25% lower. European stocks showed strength in early trading.
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Photo courtesy: Wikimedia

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US Stocks Likely To Open Higher, Extending Post-Election Rally: Fed's Rate Decision On Investors' Radar As Expert Highlights Markets Scaling 48 All-Time Highs This Year

The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index moved to the &#8220;Neutral&#8221; zone on Wednesday.
U.S. stocks settled higher on Wednesday, with the Dow Jones index jumping more than 1,500 points to a record closing level following the election of Donald Trump as the 47th U.S. president. The S&amp;P 500 also surged to an all-time high during the session.
On the economic data front, U.S. mortgage applications fell by 10.8% from the previous week in the week ended Nov. 1. U.S. crude oil inventories increased by 2.149 million barrels in the week ended Nov. 1, compared to market estimates of a 1.8 million gain. The Federal Reserve is scheduled to announce its policy decision today.
Shares of CVS Health Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) jumped more than 11% on Wednesday after the company reported third-quarter results. Johnson Controls International plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) reported better-than-expected earnings for its fourth quarter on Wednesday.
Most sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, industrials, and financials stocks recording the biggest gains on Wednesday. However, consumer staples and real estate stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 1,508 points to 43,729.93 on Wednesday. The S&amp;P 500 gained 2.53% to 5,929.04, while the Nasdaq Composite jumped 2.95% to close at 18,983.46 during Wednesday's session.
Investors are awaiting earnings results from The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>), Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>), and Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 57.9, the index moved to the &#8220;Neutral&#8221; zone on Wednesday, versus a prior reading of 47.9.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Photo courtesy: Shutterstock

Dow Jumps Over 1,500 Points To A New High After Trump Win: Investor Sentiment Improves, Fear & Greed Index Moves To 'Neutral' Zone

With U.S. stock futures trading higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) to report quarterly earnings at $2.56 per share on revenue of $3.08 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Hershey shares rose 1.2% to $177.98 in after-hours trading.</li>
<li>Upwork Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPWK#NASDAQ">UPWK</a>) posted better-than-expected third-quarter financial results and announced a $100 million share repurchase program. The company said it sees fourth-quarter revenue of between $178 million and $183 million and adjusted earnings of between 24 cents and 28 cents per share. Upwork shares jumped 7% to $15.60 in the after-hours trading session.</li>
<li>Analysts are expecting Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) to post quarterly earnings at 75 cents per share on revenue of $5.83 billion. The company will release earnings before the markets open. Halliburton shares rose 0.3% to $30.60 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Avid Bioservices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDMO#NASDAQ">CDMO</a>) agreed to be acquired by GHO Capital Partners and Ampersand in a $1.1 billion transaction. Avid Bioservices shares climbed 11.6% to $12.25 in the after-hours trading session.</li>
<li>Analysts expect Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) to report quarterly earnings at 87 cents per share on revenue of $6.24 billion after the closing bell. Block shares gained 0.4% to $77.98 in after-hours trading.</li>
</ul>
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</ul>
Photo courtesy: Hershey&#8217;s

CDMO

UPWK

Hershey, Upwork And 3 Stocks To Watch Heading Into Thursday

Rep. Marjorie Taylor Greene (R-Ga.) disclosed a new round of trades that includes bets on billionaires Warren Buffett, Mark Zuckerberg and Elon Musk ahead of the<a href="https://www.benzinga.com/topic/2024-election"> 2024 presidential election.</a>
What Happened: Greene disclosed purchasing multiple stocks on Tuesday, with the trades all made on Nov. 1 and tracked on <a href="https://www.benzinga.com/gov-trades/members/marjorie-taylor-greene">Benzinga's Government Trades</a> page for the representative.
Here are the stocks bought by Greene, with each trade disclosed in a range of $1,000 to $15,000:
<ul>
<li>Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</li>
<li>Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</li>
<li>Berkshire Hathaway B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)</li>
<li>Corning Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>)</li>
<li>Digital Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLR#NYSE">DLR</a>)</li>
<li>Duke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>)</li>
<li>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</li>
<li>Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</li>
<li>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</li>
<li>Hershey Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>)</li>
</ul>
Greene previously <a href="https://www.benzinga.com/markets/equities/24/10/41266843/marjorie-taylor-greene-boosts-stock-portfolio-with-ai-exposure-buys-jpmorgan-and-this-hot-magnif">disclosed several trades</a> in October, which included buying some of the same stocks, including Berkshire Hathaway, Intel, Tesla and Meta Platforms. In September, Greene <a href="https://www.benzinga.com/government/24/09/41031499/marjorie-taylor-greene-stays-loyal-to-trump-keeps-djt-stock-buys-into-warren-buffetts-berkshire-in-l">also bought </a>Berkshire Hathaway and Intel shares.
In May, Greene <a href="https://www.benzinga.com/markets/equities/24/05/38611874/marjorie-taylor-greene-reveals-new-stock-trades-after-2-year-gap-berkshire-hathway-goldman-sachs">disclosed her first </a>stock purchases in several years, which included Berkshire Hathaway and Hershey shares.
Since May, Greene has been actively trading and adding to positions with a strong interest in technology companies and chip stocks.
Greene's latest positions could raise red flags similar to other investments as she is on the Subcommittee on Cybersecurity, Information Technology, and Government Innovation. The representative is also on the Subcommittee on Government Operations and the Federal Workforce.
Knowledge of technology and cybersecurity deals could help several stocks held in her portfolio.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent110524">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: Greene could also be positioning her portfolio based on the 2024 presidential election, a race which sees the representative supporting Donald Trump.
Chip stocks and technology companies were among <a href="https://www.benzinga.com/general/politics/24/10/41584466/these-10-stocks-were-the-best-s-p-500-performers-in-2017-when-trump-was-president-will-history-r">the best performing </a>in the S&amp;P 500 in 2017, Trump's first year in the White House previously. Energy stocks <a href="https://www.benzinga.com/general/politics/24/10/41606114/10-s-p-500-stocks-were-worst-performers-in-first-year-of-trumps-presidency-will-they-sink-again">underperformed in 2017,</a> which could make Greene's buy of Duke Energy a bit of a surprise if she is betting on a Trump victory.
Tesla is expected to be a company that benefits from a Trump victory. Tesla CEO Elon Musk endorsed Trump for president and could have a role in Trump's White House.
Trump has spoken out against electric vehicles and wants to eliminate consumer tax breaks for EVs. Tesla could benefit from the elimination of subsidies and tax breaks as they could be more harmful to competitors in the electric vehicle space and not hurt Tesla as much as its peers.
While Greene has been actively buying stocks over the last several months, she has not reported selling her shares of Trump Media &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>), the Trump co-founded media company that completed a SPAC merger earlier this year.
Greene disclosed buying Digital World Acquisition shares back in October 2021, the SPAC that took Trump&#8217;s media company public in March 2024.
The transaction was done with shares trading between $67.96 to $118.80. A tweet from UnusualWhales pins the purchase price at $94.20, meaning Greene is down significantly on her $15,000 to $50,000 purchase in the Trump-linked stock. Shares of DJT trade at $39.13 at the time of writing.
With the latest stock transactions, Greene increased her holdings in technology stocks along with placing bets on Buffett to continue powering Berkshire Hathaway as the stock trades near a $1 trillion market cap.
Not many can say that their investing portfolios are betting on Trump, Musk and Buffett, but Greene can.
Read Next: 
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<li><a href="https://www.benzinga.com/general/politics/24/01/36459015/10-best-stock-traders-in-congress-in-2023-spoiler-nancy-pelosi-is-back-on-the-list">10 Best Stock Traders In Congress In 2023 (Spoiler: Nancy Pelosi Has Reentered The Chat)</a></li>
</ul>
Photo: Shutterstock

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Is Marjorie Taylor Greene Betting On Trump Victory? Buys Apple, Meta, Tesla Stocks Ahead Of 2024 Election

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>TD Cowen raised Hub Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUBG#NASDAQ">HUBG</a>) price target from $43 to $49. TD Cowen analyst Jason Seidl maintained a Hold rating. Hub Group shares closed at $43.75 on Wednesday. <a href="https://www.benzinga.com/quote/HUBG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays raised the price target for Brinker International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) from $76 to $95. Barclays analyst Jeffrey Bernstein maintained an Equal-Weight rating. Brinker shares closed at $104.25 on Wednesday. <a href="https://www.benzinga.com/quote/EAT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan cut the price target for Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) from $470 to $465. JP Morgan analyst Mark Murphy maintained an Overweight rating. Microsoft shares closed at $432.53 on Wednesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Oppenheimer increased XPO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) price target from $140 to $148. Oppenheimer analyst Scott Schneeberger maintained an Outperform rating. XPO shares settled at $133.99 on Wednesday. <a href="https://www.benzinga.com/quote/XPO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies cut The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) price target from $163 to $161. Jefferies analyst Rob Dickerson maintained an Underperform rating. Hershey shares closed at $177.50 on Wednesday. <a href="https://www.benzinga.com/quote/HSY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Mizuho raised Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) price target from $160 to $178. Mizuho analyst Dan Dolev maintained an Underperform rating. Coinbase shares closed at $211.74 on Wednesday. <a href="https://www.benzinga.com/quote/COIN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Compass Point cut the price target for Riot Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) from $18 to $13. Compass Point analyst Chase White maintained a Buy rating. Riot Platforms shares settled at $10.48 on Wednesday. <a href="https://www.benzinga.com/quote/RIOT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Argus Research raised Waste Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) price target from $230 to $240. Argus Research analyst David Coleman maintained a Buy rating. Waste Management shares closed at $214.82 on Wednesday. <a href="https://www.benzinga.com/quote/WM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Craig-Hallum increased the price target for Alkami Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALKT#NASDAQ">ALKT</a>) from $38 to $45. Craig-Hallum analyst Jeff Van Rhee maintained a Buy rating. Alkami Technology shares closed at $38.18 on Wednesday. <a href="https://www.benzinga.com/quote/ALKT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho boosted Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) price target from $650 to $675. Mizuho analyst James Lee maintained an Outperform rating. Meta shares closed at $591.80 on Wednesday. <a href="https://www.benzinga.com/quote/META/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Read This Next: 
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<li><a href="https://www.benzinga.com/news/24/10/41654255/wall-streets-most-accurate-analysts-weigh-in-on-3-energy-stocks-with-over-8-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 8% Dividend Yields</a></li>
</ul>

ALKT

COIN

HUBG

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Meta Platforms To Rally Around 33%? Here Are 10 Top Analyst Forecasts For Thursday

Jefferies analyst Rob Dickerson maintains Hershey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) with a Underperform and lowers the price target from $163 to $161.

Jefferies Maintains Underperform on Hershey, Lowers Price Target to $161

High-rolling investors have positioned themselves bearish on Hershey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in HSY often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 12 options trades for Hershey. This is not a typical pattern.
The sentiment among these major traders is split, with 16% bullish and 75% bearish. Among all the options we identified, there was one put, amounting to $28,490, and 11 calls, totaling $397,626.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $145.0 to $195.0 for Hershey over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Hershey's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Hershey's substantial trades, within a strike price spectrum from $145.0 to $195.0 over the preceding 30 days.
<h3>Hershey Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730223023_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>HSY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$8.0</td>
<td>$7.6</td>
<td>$7.7</td>
<td>$195.00</td>
<td>$49.6K</td>
<td style="text-align: right;">94</td>
<td style="text-align: right;">599</td>
</tr>
<tr>
<td>HSY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$9.9</td>
<td>$9.3</td>
<td>$9.7</td>
<td>$190.00</td>
<td>$42.6K</td>
<td style="text-align: right;">255</td>
<td style="text-align: right;">265</td>
</tr>
<tr>
<td>HSY</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/16/25</td>
<td>$9.8</td>
<td>$9.4</td>
<td>$9.6</td>
<td>$190.00</td>
<td>$42.2K</td>
<td style="text-align: right;">255</td>
<td style="text-align: right;">122</td>
</tr>
<tr>
<td>HSY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$9.7</td>
<td>$9.5</td>
<td>$9.5</td>
<td>$190.00</td>
<td>$41.8K</td>
<td style="text-align: right;">255</td>
<td style="text-align: right;">77</td>
</tr>
<tr>
<td>HSY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$8.0</td>
<td>$7.7</td>
<td>$7.7</td>
<td>$195.00</td>
<td>$38.5K</td>
<td style="text-align: right;">94</td>
<td style="text-align: right;">161</td>
</tr>
</tbody>
</table>

<h3>About Hershey</h3>
Hershey is a leading confectionery manufacturer in the us (around a $25 billion market), controlling around 36% of the domestic chocolate space (per Euromonitor). Beyond its namesake label, the firm's mix has expanded over the last 85 years and now consists of 100 brands, including Reese's, Kit Kat, Kisses, and Ice Breakers. Hershey's products are sold in about 80 countries, albeit with just a high-single-digit percentage of sales coming from markets outside the us, including Brazil, India, and Mexico. The firm has sought inorganic opportunities to extend its reach beyond its core confection business, adding Amplify Snack Brands and its Skinny Pop ready-to-eat popcorn to its mix, Pirate Brands, and Dot's Pretzels over the past few years.
Following our analysis of the options activities associated with Hershey, we pivot to a closer look at the company's own performance.
<h3>Current Position of Hershey</h3>
<ul>
<li>Currently trading with a volume of 486,624, the HSY's price is down by -0.05%, now at $182.75. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 9 days.</li>
</ul>
<h3>What Analysts Are Saying About Hershey</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $185.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on Hershey with a target price of $180. 
&#x2A; An analyst from B of A Securities persists with their Neutral rating on Hershey, maintaining a target price of $195. 
&#x2A; An analyst from Bernstein has revised its rating downward to Market Perform, adjusting the price target to $205. 
&#x2A; An analyst from Stifel has decided to maintain their Hold rating on Hershey, which currently sits at a price target of $180. 
&#x2A; In a cautious move, an analyst from Redburn Atlantic downgraded its rating to Sell, setting a price target of $165. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Hershey with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Smart Money Is Betting Big In HSY Options

Stifel analyst Matthew Smith maintains Hershey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) with a Hold and lowers the price target from $195 to $180.

Stifel Maintains Hold on Hershey, Lowers Price Target to $180

- Reuters Citing Spokesperson&nbsp;

Hershey Company Has Banned Use Of PFAS Chemicals Globally For Well Over A Decade

Hershey shares are trading lower after Grizzly Research issued a short report on the stock.

Barclays lowered the firm's price target on Hershey (HSY) to $180 from $202 and keeps an Equal Weight rating on the shares. The firm says that in o...

Hershey price target lowered to $180 from $202 at Barclays

DA Davidson lowered the firm's price target on Hershey (HSY) to $187 from $193 and keeps a Neutral rating on the shares. Six months ago, the firm b...

Hershey price target lowered to $187 from $193 at DA Davidson

Evercore ISI analyst David Palmer maintained a Hold rating on The Hershey Company (HSY – Research Report) today and set a price target of $200.00. ...

Evercore ISI Sticks to Its Hold Rating for The Hershey Company (HSY)

TD Cowen says the nomination of Robert F. Kennedy Jr. to lead Health and Human Services with oversight over the FDA "creates more unwelcome uncerta...

TD says RFK nomination 'more unwelcome uncertainty' for processed foods

Investors lose their appetite for food stocks on Trump's pick to lead HHS

This week, several dividend stocks are trading close to their 52-week lows. Here is a list of ten such stocks that are also reaching their ex-divid...

Ex-Dividend Date Nearing for These 10 Stocks – Week of November 18, 2024

Hershey: A Deep Dive Into A Confectionery Giant Facing Headwinds

Barry Callebaut AG: A Financial Rollercoaster From Cocoa Beans To Chocolate

MondelēZ International: Solid Execution Adding Continued Sweetness To Growth

MondelēZ International: Solid Execution, Adding Continued Sweetness To Growth

BRRLY

BYCBF

CELH

INGR

KELYA

MCHP

MDLZ

RWAY

SACH

STNG

Press Releases

Hershey Names Michael Del Pozzo as President of U.S. Confection

Entertainment

Oh Shift! Ice Breakers Launches New Flavor Shifters Gum that Changes Flavors as You Chew It

Jolly Rancher Unleashes the Fruitiest Ropes, Inside and Out, with the Launch of Jolly Rancher Ropes

Ivory Coast Plans 23% Price Hike On Cocoa Harvest

Hershey to Webcast Third-Quarter Conference Call

Contracts

Hershey Signs Groundbreaking Long-Term Agreement with Cocoa Cooperatives Aimed at Improving Farmer Income and Farm Resiliency

Hershey Reports Third-Quarter 2024 Financial Results; Updates 2024 Net Sales and Earnings Outlook

Dividends

Hershey Declares Quarterly Dividends

Hershey Expands Sweets Portfolio with Acquisition of Sour Strips

KIT KAT® Brand Debuts First-Ever Seasonal Shape: KIT KAT® Santas

Conagra Brands

Cal-Maine Foods

The Campbell`s

Flowers Foods

Freshpet

General Mills

Hormel Foods

J&J Snack Foods

Kellanova

Kraft Heinz

Lancaster Colony Corporation - Common Stock

Lancaster Colony

Lamb Weston Hldgs

Mondelez International, Inc. - Class A Common Stock

Mondelez International

McCormick & Company, Incorporated Common Stock

McCormick & Co

Nomad Foods

Post Holdings

Pilgrim's Pride Corporation - Common Stock

Pilgrims Pride

Seaboard

JM Smucker

The Simply Good Foods Company - Common Stock

Simply Good Foods

Treehouse Foods

Tootsie Roll Industries, Inc. Common Stock

Tootsie Roll Industries

Tyson Foods

Barclays

RBC Capital

Piper Sandler

Jefferies

Stifel

Hershey Foods

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