The Hershey Company (HSY) Partners With Lindt, Mars, Mondelez, Nestlé on TogetherCocoa

We recently compiled a list of the 12 Top Performing Consumer Staples Stocks in February. The Hershey Company (NYSE:HSY) is one of the best performing stocks. 

TheFly reported on February 24 that Mizuho increased its price target for HSY from $165 to $195 while retaining a Neutral rating on the stock.

Recently, on February 23, The Hershey Company (NYSE:HSY) declared its involvement in the establishment of TogetherCocoa, a brand-new organization founded in partnership with Lindt & Sprüngli, Mars Incorporated, Mondelēz International, and Nestlé. The goal of this program is to assist communities that grow cocoa while encouraging industry collaboration to improve the sustainability and resilience of the world’s cocoa supply chain.

TogetherCocoa provides a structured strategy to improve livelihoods while fostering industry-wide collaboration, building on long-term work to solve the living income gap for cocoa farmers in Ghana and Côte d’Ivoire. To make sure the foundation’s initiatives are successful and significant, HSY underlined that it is collaborating closely with the governments of both nations, supply-chain partners, and other cocoa industry players.

Despite the fact that TogetherCocoa is still in its infancy, HSY promised to offer updates as the foundation’s initiatives advance. Additionally, the company confirmed its continued dedication to its current cocoa sustainability projects, children’s well-being programs, and farmer professional development, all while keeping a steady focus on helping the people and communities who are the backbone of cocoa production.

The Hershey Company (NYSE:HSY) is a U.S. manufacturer and marketer of chocolate, confectionery, and snack products, distributing globally through retail, e-commerce, and foodservice channels.

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