Hershey Shares Gain 1.07% on KDP’s 10.5% Sales Rise; Mizuho’s $195 Target
Hershey shares ticked up 1.07% after Keurig Dr Pepper reported Q4 revenue of $4.5B, a 10.5% YoY increase, beating estimates. Separately, Mizuho Securities’ $195 price target versus Hershey’s $226.07 trading price suggests a 13.7% downside, while Zacks highlights its top Growth Score and Zacks Rank.
1. Share Movement on Beverage Sector Results
Hershey shares rose 1.07% following Keurig Dr Pepper’s fourth-quarter report showing $4.5 billion in revenue, a 10.5% year-over-year increase that topped consensus. The sector-wide strength in beverage results provided a positive catalyst for Hershey’s stock.
2. Analyst Price Targets and Ratings
Mizuho Securities set a $195 price target against Hershey’s $226.07 trading price, implying a 13.7% downside from current levels. Zacks awards Hershey a top Growth Score and Zacks Rank, reflecting strong growth prospects; the company carries a $45.84 billion market capitalization and recorded daily volume of 1.89 million shares.