Back to top

Analyst Blog

Zacks Equity Research

Hershey Helps Revive Peruvian Village

HSY BDBD PF

 ZacksTrade Now

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

The Hershey Company’s (HSY - Analyst Report) decision to support the San Juan de Cheni community in Junin, Peru has helped to rebuild the local economy after it was destroyed as a result of guerilla warfare. San Juan de Cheni is known for an excellent variety of cocoa, which is used for premium chocolate products. Hershey aided the economic revival of the community by funding the local infrastructure for cocoa farming.

Since 2010, with the support of its sourcing partners Romex and Mitsubishi, Hershey has been helping the community to improve the quality and quantity of cocoa produced.  Romex is one of the largest agricultural trading companies in Peru and helped to set up the agricultural infrastructure required to support cocoa farming. On the other hand, Mitsubishi helped in exporting the cocoa beans from Peru to the United States.

Hershey supports the farmers in the community by purchasing their cocoa produce. The cocoa produced in San Juan de Cheni is third party certified and conforms to Hershey’s commitment of procuring 100% certified cocoa for all its products by 2020.

Hershey supports cocoa farmers across the world. Previously, in Jun 2012, the company along with cocoa supplier, Agroindustrias Unidas de Cacao SA de CV ‘AMCO,’ a member of the Ecom Cocoa Group, initiated a $2.8 million Mexico Cocoa Project to restore the struggling Southern Mexican cocoa farming industry and to ensure a proper supply of cocoa in the future.

The rising price of cocoa is a matter of concern for the company. It needs to secure its future supply of cocoa in order to maintain its brand name and profitability in the long run.

Hershey carries a Zacks Rank #2 (Buy).

Other consumer staples stocks that are worth considering include Boulder Brands, Inc. (BDBD - Snapshot Report), Pinnacle Foods Inc. (PF - Snapshot Report), and Dole Food Company Inc. . Pinnacle Foods carries a Zacks Rank #1 (Strong Buy), while Boulder Brands and Dole Food Company carry a Zacks Rank #2 (Buy).
 

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
DIXIE GROUP DXYN 15.84 +7.90%
BOFL HOLDING BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%