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Jim Crameron The Hershey Company HSY Wake Me Up When It Sells At 14 Times Earnings And Then I Might Even Consider It

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  We recently compiled a list of the Jim Cramer Shed Light on These 10 Stocks. In this article, we are going to take a look at where The Hershey Company (NYSE:HSY) stands against the other stocks. Jim Cramer,

Jim Cramer, during a segment on CNBC's "Squawk on the Street," expressed skepticism about investing in The Hershey Company (HSY) at its current valuation. He highlighted that Hershey's stock is trading at a high multiple of 20 times earnings, which he considers overvalued. Cramer suggested that he would only consider buying the stock if its price-to-earnings ratio dropped to around 14, indicating a more reasonable valuation. He also discussed the broader market context, noting that while Hershey has strong brand recognition and pricing power, the current economic environment, including high interest rates and inflation, makes him cautious about consumer staples stocks like Hershey.

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