3 Reasons to Buy Hershey Stock Like There's No Tomorrow

The Hershey Company (NYSE: HSY) stock is one that has likely frustrated its long-term shareholders. It has delivered a flat performance over the last five years, largely because it has dropped more than 40% from its peak in May 2023. Skyrocketing cocoa prices have weighed on sales, pressuring the stock and its financials.Nonetheless, such challenges may actually prompt investors to buy the chocolate stock. Three critical reasons show why investors should consider opening positions now.At first glance, it seems understandable to sell Hershey stock amid the cocoa shortage, which affects more than 80% of the company's revenue. The company's 2024 revenue was $11.2 billion, an increase of less than 1% from year-ago levels. Although revenue did not technically drop, rising prices appear to have led to the company selling less product.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool