HSY
NYSE · Food Products
Hershey Co/The
$182.35
-0.67 (-0.37%)
HSY News3 articles
Hershey's $1.7B Rally on Cocoa Margin Hopes Faces Weather Risk
Hershey shares surged 4.9% to $179.27, adding $1.7 billion in value, as investors bet on margin recovery from lower cocoa costs. However, rising cocoa prices due to Ivory Coast weather risks threaten the rebound.
Mondelez Appoints Danone Veteran to Lead Africa Push Amid Volume Pressures
Mondelez International has appointed Hisham Ezz El-Arab, a former Danone executive, to lead its Sub-Saharan Africa operations. The move comes as the snack giant's Oreo brand surpasses $4 billion in global annual revenue while the company faces volume declines.
Mondelez Gains as Cocoa Futures Plunge to Multi-Year Lows
Mondelez International shares advanced 1.3% as cocoa prices hit a two-year low near $3,978 per ton. Investors await upcoming CPI data and the company's CAGNY presentation for further direction.