No. 3: Hershey
Q3 Return: -2%
YTD Return: +15%
Investor: Jon Markman
Sweet stock Hershey (NYSE:HSY) held onto its bronze-medal spot through Q3 — but just barely. The company edged out Microsoft with slightly slimmer losses in the third quarter.
Does this mean Hershey could be set up for a final bolt to the top? Maybe, considering it remains the leader in the North American chocolate market with 43% of sales and also pays out an appealing steady dividend.
But while Markman continues to be bullish on the stock, calling its results “hard to argue with,” those impressive third-place gains are still less than half the gains of the leader.
So, while Hershey’s performance definitely deserves a nod, it still needs to sell a few more Reese’s and Kit Kat bars if it wants to be No. 1.