10 Best Long-Term Dividend Stocks to Invest In According to Billionaires

7. The Hershey Company (NYSE:HSY)

Number of Billionaire Holders: 25

Evercore ISI upgraded The Hershey Company (NYSE:HSY) to Outperform from In Line on May 27. It reiterated its price target of $255. The upgrade followed what the firm described as a “disappointing” Easter season. Still, recent discussions with retail contacts have reinforced a “constructive view” on the confectionery category and Hershey’s plans for the second half of 2026, according to the analyst.

Earlier in the month, on May 4, DA Davidson lowered its price recommendation on Hershey to $208 from $230. It maintained a Neutral rating after the company reported first-quarter results. The firm said it remains neutral on the stock as competition continues to be intense and consumers remain under pressure. In a research note, the analyst noted that the stock’s valuation has become more attractive at current levels. The firm also stated that it would be more “positively inclined” if Hershey’s market share stabilizes.

The Hershey Company (NYSE:HSY) is a snacks company with operations across three segments: North America Confectionery, North America Salty Snacks, and International.