Hershey, Marzetti, and Simply Good Foods fall as Fed signals rate hike

MacroPrice Action
โดย Yahoo Finance·Read original
Summary · why it matters

Shares of packaged food companies Hershey, The Marzetti Company, and Simply Good Foods declined in afternoon trading after the Federal Reserve held its benchmark rate at 3.5% to 3.75% and released a dot plot pointing toward a potential hike. Hershey fell 5%, Marzetti dropped 3.4%, and Simply Good Foods lost 3.6% as the 2-year Treasury yield jumped 11 basis points to 4.161%, narrowing the yield advantage that had made dividend stocks more attractive. The sector, which includes debt-laden names like Kraft Heinz and Conagra, faces higher refinancing costs if rates rise further. Hershey is now trading 25.7% below its 52-week high of $236.28 from February 2026.

Impact on stocks 5

Consumer Staples▼ · 5 stocks
Hershey Co
HSY
▼ NegativeMonetaryrelevance

Fed rate hike signal reduces attractiveness of dividend stocks; Hershey fell 5%.

The Marzetti Company
MZTI
▼ NegativeMonetaryrelevance

Fed rate hike signal reduces attractiveness of dividend stocks; Marzetti dropped 3.4%.

Simply Good Foods Co
SMPL
▼ NegativeMonetaryrelevance

Fed rate hike signal reduces attractiveness of dividend stocks; Simply Good Foods lost 3.6%.

Conagra Brands, Inc.
CAG
▼ NegativeMonetaryrelevance

Higher rates increase refinancing costs for debt-laden companies like Kraft Heinz.

The Kraft Heinz Company
KHC
▼ NegativeMonetaryrelevance

Higher rates increase refinancing costs for debt-laden companies like Kraft Heinz.

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