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Real cocoa is unaffordable, the Confectioners company laboratory is looking for "alternatives."
Analysts say that if the method of obtaining cocoa does not change, there will be no chocolate in twenty years. With cell-cultivated cocoa, this Industry will no longer need to rely on nature. Chocolate and Confectioners companies are beginning to invest in companies that develop "lab cocoa." Earlier this month, the maker of Oreo participated in a seed round financing of 4.5 million dollars for the startup Celleste Bio, which focuses on cell-cultivated cocoa.
How Rising Cocoa Prices and Consumer Behavior Affect HSY's Future
Are Investors Undervaluing The Hershey Company (NYSE:HSY) By 45%?
Hershey was downgrading the Target Price by Jefferies Financial and Mizuho.
Gelonghui, December 24 | Jefferies Financial has lowered the Target Price for Hershey from $155 to $150, and Mizuho has lowered the Target Price for Hershey from $195 to $170. (Gelonghui)
Express News | Shares of Hershey Down 1.8% After Brokerages Cut PT
Jefferies Maintains Hershey(HSY.US) With Sell Rating, Cuts Target Price to $150