Buy HSY by Dec 29, 2026.

It’s trading at around 10x what the FCF for 2026 should be, with 3,5% organic growth. The combination of net income jumping up plus the buybacks starting should be tailwinds. They have great management and long term thinking owners. Fears around GLP-1’s haven’t materialized despite being available for years now. The brands are still strong. My opinion is that the stock is hung over from the cocoa prices and that it will re-rate to a much higher multiple. If it …