The Hershey Company (NYSE:HSY) is one of the 10 best defensive stocks to buy in a volatile market. On June 30, the company confirmed it will remove synthetic dyes from all its snacks by the end of 2027. The decision will allow the company to align with directives by US health authorities.
US Health Secretary Robert F. Kennedy Jr. and FDA Commissioner Marty Makary have already rolled out directives requiring companies to remove synthetic food dyes from the food supply chain. The directive is part of the ministry’s push to address health conditions such as ADHD, obesity, and diabetes.
Some of Hershey’s brands that will be affected by the directive include Dot’s Homestyle Pretzels, SKINNYPOP popcorn, and FULFIL protein bars. Other companies, including Tyson Foods and Conagra Brands, have also started reformulating their brands by removing artificial colors.
The Hershey Company (NYSE:HSY) engages in the manufacture and sale of confectionery products and pantry items.
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Disclosure: None. This article is originally published at Insider Monkey.