Jim Cramer Shed Light on These 10 Stocks

7. The Hershey Company (NYSE:HSY)

Number of Hedge Fund Holders: 33

A caller expressed worry about The Hershey Company (NYSE:HSY) in light of price increases for cocoa. In reply, Cramer commented:

“52-week low, 52-week low today, 3.6% yield. That doesn’t protect against anything because you know you can get a lot more… interest rates. The stock is, the numbers can’t be made. Still sells at 16 times earnings. Wake me up when it sells at 14 times earnings and then I might even consider it. If you have to own sweets, go own Mondelez, okay? Just own Mondelez.”

The Hershey Company (NYSE:HSY) manufactures and sells a wide variety of confectionery products, snacks, and pantry items, offering popular brands like Hershey’s, Reese’s, Kisses, and Kit Kat, among others. Its product range includes chocolate, gum, protein bars, baking ingredients, and savory snacks. While Cramer did not lean toward the company during the episode, his sentiments were different toward the company in 2022 when he said:

“Hershey’s the most consistent growth stock in a group where safety’s first, and you know what they say, safety never takes a vacation. I would buy some here, then wait to buy more if the stock gets hit the next time we have an inflation scare… One of the best kept secrets of this market is how well this company, this simple confectionary maker, has done in the era of inflation. Put simply, Hershey is the best performer in the group by any measure, but it’s never talked about.”