Meridian Investment Counsel Inc. has invested in
The Hershey Company (HSY), marking one of several recent investment moves regarding Hershey. Various companies including
Allstate Corp,
Allianz SE, and
St. James Investment Company LLC raised their stakes in the company, while others such as
California Public Employees Retirement System and
Sei Investments Co. chose to offload their shares. Hershey has also made significant changes to its executive team with the appointment of
Tiffany Menyhart as Chief Customer Officer and
Stacy Taffet as Chief Growth Officer.
Hershey's financial performance remains of interest, with Q1 2025 financial results anticipated to be released on May 1. Its venture into the organic snacks market is noted through its acquisition of LesserEvil, a popcorn brand. This deal is part of Hershey's strategic shift towards healthier snack options.
Meanwhile, Reese's introduced a PB&J variant to their product lineup, a part of Hershey's ongoing efforts to innovate their confectionery portfolio. Hershey is reportedly taking measures to manage its $2B debt through strategic restructuring and the offering of notes. The market sentiment on Hershey's stock is mixed, with some advising caution due to potentially overvaluation at current levels, and others seeing it as a promising addition to investment portfolios.
The Hershey Company HSY News Analytics from Thu, 07 Nov 2024 08:00:00 GMT to Sat, 05 Apr 2025 21:35:50 GMT -
Rating 2
- Innovation 3
- Information 5
- Rumor -2
