Company valuation ยท Consumer Defensive
HSY: Hold with a $192.19 price target
Hershey Co. Year-to-date profit has improved, but borrowing is higher relative to earnings.
- Model target ยท USD
- $192.19 For 2027-09-14
- Model rating
- Hold Reviewed 2026-09-16
- Reference weekly close
- $173.32 2026-09-11 ยท USD

Investment view
Year-to-date profit has improved, but borrowing is higher relative to earnings.
Target and reference price
Target for 2027-09-14: $192.19 USD, +10.9% versus the $173.32 weekly close on 2026-09-11. Price return only; dividends, fees and tax excluded.
Price and earnings
Over 1 year (2025-09-12 to 2026-09-11), price changed -6.3% and trailing EPS changed -12.8%. A wider gap changes the earnings multiple; it does not establish fair value.
Supporting evidence
Across 2 completed quarters since 2025-12-31, net income was 892.8m versus 286.9m in the matching prior-year periods (USD). Check whether the latest quarter changes that direction.
The latest quarterly operating margin was 23.1%, +15.7 percentage points from a year earlier. The full report separates sales growth from margin changes.
Risks to the case
Net debt / EBITDA: 1.8ร for HSY, against -0.4ร across 3 comparable peers.
Over one year, the stock changed -6.3% against +3.8% for Consumer Defensive (XLP). The gap is -10.1 percentage points. These are price returns, before dividends.
What to monitor
The latest quarterly margin changed +15.7 percentage points from a year earlier. Check sales volumes, pricing and unusual gains in the next filing.
Recheck the valuation gap alongside profitability and growth after new results. A discount alone does not establish value.
Compare the stock and the market fund over the same dates. Look for a change in relative performance as results arrive.
Valuation assumptions
Starting annual sales growth: 6.82%.
Net profit margin: 14.36%.
About this assessment
Review recorded on 2026-09-16. This is a dated summary of an automated company valuation. The full report includes the financial evidence, alternative scenarios and review history. Consult the latest report before using an earlier target. Automated model research, not personal investment advice. Targets depend on assumptions; returns are not guaranteed.