Hershey Foods Corp. stock trades under the ticker HSY & has recently shown bullish behavior that traders & investors should research further into.
HSY stock closed at $210.55/share on 6/8/2022.
Hershey Foods Corp. HSY Stock’s Technical Performance Broken Down
HSY Stock Price: $210.55
10 Day Moving Average: $210.71
50 Day Moving Average: $218.57
200 Day Moving Average: $194.49
RSI: 44.11
MACD: -2.423
Yesterday, HSY stock completed a bullish MACD crossover, settling just below its ten day moving average.
Their recent trading volume has been above average compared to the year prior, which combined with their RSI being oversold may signal more short-term momentum.
They will need to break out above the $213.78 & $214.82 resistance levels.
Hershey Foods Corp. HSY Stock As A Long-Term Investment
Long-term oriented investors will like HSY stock’s P/E (ttm) of 26.37, but they will find their P/B (mrq) of 14.47 to be too high.
They recently reported Quarterly Revenue Growth Y-o-Y of 16.1%, with 34.8% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a closer examination, with $338.1M in Total Cash (mrq) & $5.31B in Total Debt (mrq).
HSY stock pays a 1.66% dividend yield, which appears stable in the long run as their payout ratio is 45.08%.
77.8% of HSY stock’s outstanding share float is owned by institutional investors.
Hershey Foods Corp. HSY Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to hedge against broader market volatility, while also profiting from movements in HSY stock’s price.
I am looking at the contracts with the 6/17 expiration date.
The $205, $207.50 & $210 call options are all in the money, but are relatively illiquid with 126 total contracts of open interest between the three strike prices.
The $212.50 & $215 are more liquid, but out-of-the-money.
The $220, $215 & $212.50 puts are also all in-the-money, but are even less liquid.
Tying It All Together
HSY stock has many interesting characteristics that traders & investors may find appealing.
Investors will like their P/E (ttm) & their dividend yield, as well as the sustainability of their interest payments in the longer-run.
Traders will like their current momentum, but may be disapointed by the liquidity of their options contracts.
All-in-all, it is worth taking a closer look into HSY stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF HSY STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***