ConAgra Foods, Inc. (CAG), Kellogg Company (K): Two Staples to Sell, One to Keep

Hershey, however, appears a bit more interesting.  The company recently opened an innovation center in Shanghai to drive global growth and innovation.  The opening reflects Hershey’s commitment to China as a key growth market and will allow the company to tailor products to local tastes.  China is currently Hershey’s fastest growth market as its chocolate share more than quadrupled in the past five years.  Hershey appears fully invested in growing its Chinese business.  Given the growth in China, and the company’s increased access to the market, the high P/E may be justified.

The article Two Staples to Sell, One to Keep originally appeared on Fool.com and is written by John Timmes.

John is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

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