

Hershey vs Brookfield Infrastructure Partners
Major US candy maker with well known brands vs Diversified global owner of essential infrastructure assets. Which is the better buy for your portfolio in October 2026? Plain-English answer below.
Hershey defends its confectionery dominance with iconic brands and shelf placement that grocery retailers depend on, while Brookfield Infrastructure Partners owns ports, toll roads, utilities, and data infrastructure generating predictable cash distributions for long-term investors. Both businesses create loyal stakeholders, but one serves candy lovers and the other serves institutional capital allocators chasing yield. Hershey vs Brookfield Infrastructure Partners examines how consumer brand equity in confectionery compares to regulated and contracted infrastructure cash flows as a long-term value proposition.
Hershey defends its confectionery dominance with iconic brands and shelf placement that grocery retailers depend on, while Brookfield Infrastructure Partners owns ports, toll roads, utilities, and dat...
Why It’s Moving

HSY Faces Downside Pressure as Cocoa Costs and Leadership Shifts Weigh on Consumer Staples
- Hershey stock closed at $161.41, reflecting a -1.82% daily drop that exceeded general market declines, signaling heightened investor caution regarding consumer staple valuations.
- The company announced Amanda Almond as President, International, effective October 12, succeeding Rohit Grover in a move aimed at strengthening global operations during a period of margin compression.
- Despite ramping up brand investments and seasonal programs for late 2026 to attract value-focused consumers, analysts note Hershey faces significant cocoa cost squeezes similar to peer Mondelez, though with differing dividend growth trajectories.

Brookfield Infrastructure Targets 10% FFO Growth Amid Accelerating AI Investments
- The company projects a 10% Funds From Operations (FFO) growth rate driven by the build-up of its organic backlog and capital recycling initiatives.
- Strategic emphasis is placed on accelerating investments in AI-related infrastructure to capture emerging demand trends.
- Leadership reaffirmed commitment to maintaining strict financial discipline while pursuing higher-return asset opportunities.

HSY Faces Downside Pressure as Cocoa Costs and Leadership Shifts Weigh on Consumer Staples
- Hershey stock closed at $161.41, reflecting a -1.82% daily drop that exceeded general market declines, signaling heightened investor caution regarding consumer staple valuations.
- The company announced Amanda Almond as President, International, effective October 12, succeeding Rohit Grover in a move aimed at strengthening global operations during a period of margin compression.
- Despite ramping up brand investments and seasonal programs for late 2026 to attract value-focused consumers, analysts note Hershey faces significant cocoa cost squeezes similar to peer Mondelez, though with differing dividend growth trajectories.

Brookfield Infrastructure Targets 10% FFO Growth Amid Accelerating AI Investments
- The company projects a 10% Funds From Operations (FFO) growth rate driven by the build-up of its organic backlog and capital recycling initiatives.
- Strategic emphasis is placed on accelerating investments in AI-related infrastructure to capture emerging demand trends.
- Leadership reaffirmed commitment to maintaining strict financial discipline while pursuing higher-return asset opportunities.
Investment Analysis

Hershey
HSY
Pros
- Hershey reported stronger-than-expected sales growth, with its international segment up 12.1% year on year in Q3 2025.
- The company maintains a robust cash position of $1.16 billion, supporting its ability to invest in growth initiatives and weather cost pressures.
- Hershey's Agility & Automation Initiative is expected to deliver $150 million in savings in 2025, helping offset inflation and tariff headwinds.
Considerations
- Profit margins are under pressure, with adjusted gross margin down 850 basis points to 31.8% in Q3 2025 due to higher commodity and tariff costs.
- Earnings per share are projected to decline 48-50% in 2025, reflecting ongoing input cost inflation and an unfavourable sales mix.
- Tariff expenses are forecast to reach $160-170 million in 2025, adding to the company's cost burden despite productivity improvements.
Pros
- Brookfield Infrastructure Partners owns a diversified portfolio of long-life, high-barrier infrastructure assets generating stable cash flows.
- The company operates across multiple geographies and sectors, including utilities, transport, midstream, and data, reducing single-market risk.
- Its assets typically require low maintenance capital expenditure, supporting strong free cash flow generation and reinvestment potential.
Considerations
- Brookfield Infrastructure Partners has a relatively high normalized price/earnings ratio, suggesting limited near-term valuation upside.
- The company's quick and current ratios are below 1, indicating potential liquidity constraints if short-term obligations rise unexpectedly.
- Interest coverage is modest at 1.57, raising concerns about debt servicing capacity if interest rates remain elevated.
Hershey (HSY) Next Earnings Date
No confirmed upcoming earnings date has been announced for Hershey (HSY) as of late September 2026. Based on the company's historical reporting pattern, which typically follows a quarterly cycle with releases occurring approximately three months after the prior report, the next announcement is expected in late October 2026. This forthcoming report will cover the fiscal third quarter results. Investors should monitor official corporate communications for the precise scheduling confirmation.
Brookfield Infrastructure Partners (BIP) Next Earnings Date
Brookfield Infrastructure Partners has not yet announced a confirmed date for its next earnings release. Based on the company's historical reporting pattern of quarterly updates, the upcoming report is expected in late October 2026. This forthcoming disclosure will cover financial results for the third quarter of 2026. Investors should monitor official channels for the precise scheduling of this announcement.
Hershey (HSY) Next Earnings Date
No confirmed upcoming earnings date has been announced for Hershey (HSY) as of late September 2026. Based on the company's historical reporting pattern, which typically follows a quarterly cycle with releases occurring approximately three months after the prior report, the next announcement is expected in late October 2026. This forthcoming report will cover the fiscal third quarter results. Investors should monitor official corporate communications for the precise scheduling confirmation.
Brookfield Infrastructure Partners (BIP) Next Earnings Date
Brookfield Infrastructure Partners has not yet announced a confirmed date for its next earnings release. Based on the company's historical reporting pattern of quarterly updates, the upcoming report is expected in late October 2026. This forthcoming disclosure will cover financial results for the third quarter of 2026. Investors should monitor official channels for the precise scheduling of this announcement.
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