Why Hershey Should Handle High Cocoa Prices Just Fine

Hershey (NYSE: HSY) is struggling today. One of the biggest problems is inflation, but not the kind that consumers dealt with coming out of the coronavirus pandemic. Cocoa prices are sky-high thanks to some unique dynamics in the cocoa market.Here's why cocoa prices are a near-term issue, but are highly unlikely to derail Hershey over the long term.Hershey's stock price has plunged more than 45% from the highs it reached in 2023. That's a painful drawdown, but it has pushed the dividend yield up to historically high levels at 3.66%. Long-term dividend investors will likely find this consumer staples icon of extreme interest based on this fact.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool