Kraft and Hershey Stock Have Been Dropping. It Isn't About RFK.
Portfolio Pulse from
Evercore has issued a warning that many packaged food companies, including Kraft and Hershey, are losing market share, which is contributing to the decline in their stock prices.
November 12, 2024 | 8:00 pm
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Hershey's stock is declining as Evercore warns that the company is losing market share in the packaged food sector.
Evercore's warning about loss of market share in the packaged food sector is likely to negatively impact Hershey's stock in the short term as investors react to potential revenue declines.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80