WIDE MOAT STOCKS COMPARISON

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Stock Comparison

The Hershey Company vs PepsiCo, Inc.

Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.

The Hershey Company

HSY · New York Stock Exchange

Market cap (USD)$32.7B
Gross margin (TTM)38.4%
Operating margin (TTM)17.8%
Net margin (TTM)12.2%
SectorConsumer
IndustryPackaged food
CountryUS
Data as of2026-08-23
78/100
Moat score

Partial score covering 81% of segment weight.

Full stock profile

Dive deeper into The Hershey Company's moat claims, evidence, and risks.

View HSY analysis

PepsiCo, Inc.

PEP · The Nasdaq Stock Market LLC

Market cap (USD)$174.9B
Gross margin (TTM)54.2%
Operating margin (TTM)15.3%
Net margin (TTM)11.1%
SectorConsumer
IndustrySoft drinks
CountryUS
Data as of2026-08-23
80/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into PepsiCo, Inc.'s moat claims, evidence, and risks.

View PEP analysis

Comparison highlights

  • Segment focus: The Hershey Company has 3 segments (81.1% in North America Confectionery); PepsiCo, Inc. has 6 segments (30% in PepsiCo Beverages North America (PBNA)).
  • Moat breadth: The Hershey Company has 1 moat types across 1 domains; PepsiCo, Inc. has 2 across 2.

Primary market context

The Hershey Company

North America Confectionery

Market

Branded chocolate and non-chocolate confectionery

Geography

United States and Canada

Customer

Retail consumers via grocery, mass, club and convenience

Role

Branded manufacturer and marketer

Revenue share

81.1%

PepsiCo, Inc.

PepsiCo Beverages North America (PBNA)

Market

Non-alcoholic ready-to-drink beverages (CSD, sports drinks, water, energy and adjacent)

Geography

United States and Canada

Customer

Retailers, foodservice, convenience, distributors

Role

Brand owner + bottling/manufacturing + distribution

Revenue share

30%

Side-by-side metrics

The Hershey Company
PepsiCo, Inc.
Ticker / Exchange
HSY - New York Stock Exchange
PEP - The Nasdaq Stock Market LLC
Market cap (USD)
$32.7B
$174.9B
Gross margin (TTM)
38.4%
54.2%
Operating margin (TTM)
17.8%
15.3%
Net margin (TTM)
12.2%
11.1%
Sector
Consumer
Consumer
Industry
Packaged food
Soft drinks
HQ country
US
US
Primary segment
North America Confectionery
PepsiCo Beverages North America (PBNA)
Market structure
Oligopoly
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
78 / 100 (partial, 81% coverage)
80 / 100
Moat domains
Demand
Supply, Demand
Last update
2026-09-05
2026-09-05

Moat coverage

Shared moat types

Brand Trust

The Hershey Company strengths

No unique moat types yet.

PepsiCo, Inc. strengths

Distribution Control

Segment mix

The Hershey Company segments

Full profile >

North America Confectionery

Oligopoly

81.1%

North America Salty Snacks

Oligopoly

10.9%

International

Competitive

8.1%

PepsiCo, Inc. segments

Full profile >

PepsiCo Foods North America (PFNA)

Oligopoly

29.3%

PepsiCo Beverages North America (PBNA)

Oligopoly

30%

International Beverages Franchise (IB Franchise)

Oligopoly

5.3%

Latin America Foods (LatAm Foods)

Oligopoly

11.2%

Europe, Middle East and Africa (EMEA)

Oligopoly

19.2%

Asia Pacific Foods

Competitive

4.9%

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Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.