Jim Cramer Says Hershey is “One of the Few Food Stocks That Are Doing Well”

The Hershey Company (NYSE:HSY) is one of the stocks Jim Cramer shed light on. A caller inquired after Cramer’s feelings on the stock, and he said:

“Okay, I think Hershey is, is in [an] unassailable position, in that commodity prices are, you know, I think cocoa’s peaked. What matters is that no one’s ever come in to beat these guys. A lot of people want to be in it for a takeover. Forget the takeover. It’s more of an earnings play. It’s one of the few food stocks that are doing well. I think that can continue.”

Image Courtesy Pixabay

The Hershey Company (NYSE:HSY) produces and sells confectionery, snacks, gum, mints, protein bars, and pantry items under brands such as Hershey’s, Reese’s, Kit Kat, Jolly Rancher, SkinnyPop, and Dot’s Homestyle Pretzels. Cramer discussed the company in a July episode, as he commented:

“If you really want overlooked, there’s the other side of the story, Hershey, down big yesterday and today. I get it. They’re losing the steady hand of CEO of Michele Buck and getting Tanner, who only spent about a year and a half at Wendy’s, where he departed. Even though Tanner originally had a consumer packaged goods background, he’d been in PepsiCo for 32 years before Wendy’s, it always raises eyebrows when a CEO flees a struggling company to work somewhere else in a hurry.

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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