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business news4 Stand-Out Stocks for Easter
From an investor's point of view, Easter can be a very profitable holiday. So why settle for a basket of candy when you can buy into one of these candy companies?
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In terms of candy stocks, four really stand out this Easter: The Hershey Company (HSY); Tootsie Roll Industries (TR); Rocky Mountain Chocolate Factory (RMCF); and Snyder's-Lance (LNCE).
First up is Hershey, which is known for its strong brand recognition and its historical significance in America.
“Our category offers attractive price points, and consumers know and trust Hershey's great brands, including Hershey's, Hershey's Kisses, Reese's, Kit Kat and Twizzlers. Our products and our category will continue to provide the value and quality that consumers expect, and this action will position Hershey to achieve the opportunities that lie ahead,” said David J. West, President and Chief Executive Officer.
Hershey ended trading Wednesday at $55.67 a share, a $0.35 increase on the day and near its 52-week high of $55.97.
A second sugary stock is Tootsie Roll Industries. Launched in 1896 by the popularity of a single product -- an oblong piece of chewy, chocolate candy --Tootsie Roll Industries has become one of the country's largest candy companies, with a lineup that includes some of the world's most popular candy, chocolate, and bubble gum brands.
Tootsie's brands include some of the most familiar candy names: Tootsie Roll, Tootsie Pop, Charms Blow Pop, Mason Dots, Andes, Sugar Daddy, Charleston Chew, Dubble Bubble, Razzles, Caramel Apple Pop, Junior Mints, Cella's Chocolate-Covered Cherries, and Nik-L-Nip.
Tootsie Roll ended trading Wednesday at $29.42 a share, a $0.42 increase on the day and near its 52-week high of $29.72.
Third on the list is Rocky Mountain Chocolate Factory, which is headquartered in Durango, Colorado, and is an international franchiser of gourmet chocolate and confection stores as well as a manufacturer of an extensive line of premium chocolates and other confectionery products.
The factory typically produces approximately 300 chocolate candies and other confectionery products, using proprietary recipes developed primarily by its master candy maker. These products include many varieties of clusters, caramels, creams, meltaways, truffles and molded chocolates.
Individual stores prepare a variety of caramel and candy apples, fudge, chocolate items and confections in full view of the customer using traditional cooking utensils such as copper kettles on gas-fired stoves and marble slab cooling tables.
Rocky Mountain Chocolate Factory closed trading Wednesday at $10.31 a share, off $0.06 a share, but still close to its 52-week high of $10.54.
Last, but not least, is snack food extraordinaire Snyder's-Lance. Snyder's-Lance headquartered in Charlotte, North Carolina, manufactures, markets and distributes snack foods throughout the United States and internationally. The company's products include pretzels, sandwich crackers, potato chips, cookies, tortilla chips, restaurant-style crackers, nuts and other snacks.
Snyder's-Lance has manufacturing facilities in North Carolina, Pennsylvania, Iowa, Indiana, Georgia, Arizona, Massachusetts, Texas, Florida, Ohio, and Ontario, Canada. Products are sold under the Snyder's of Hanover, Lance, Krunchers!, Cape Cod, Jays, Grande, Tom's, Archway, O-Ke-Doke, and Stella D'oro brand names along with a number of private label and third party brands. Products are distributed widely through grocery and mass merchandisers, convenience stores, club stores, food service outlets and other channels.
Snyder's-Lance closed Wednesday at $20.06 per share, off $0.20 from the previous day, and near its 52-week midpoint.
Editor's Note: This content was originally published on Benzinga.com by Gary Cassady.
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