Hershey Stock Is the Worst Performer in the S&P 500 Today. Investors Are Mixed on the Outlook. - Barron's
1. Hershey appointed Kirk Tanner as new CEO, stock plunged 4.7%. 2. Analysts have mixed views on Tanner's experience from PepsiCo. 3. Rising cocoa prices and tariffs hinder Hershey's performance. 4. Management projected significant earnings declines for 2023. 5. Hershey's candy business shows signs of market share recovery.