The Hershey Company (HSY) has witnessed robust activity involving the purchase and sale of its shares by various investment entities.
Institutional owners, for instance, hold a significant part - 85% to 87% - of the company. Major financial groups, including Hamel Associates, Principal Financial Group, Janney Montgomery Scott, and M&G Investment Management, have adjusted their stakes in Hershey, demonstrating significant market interest. The company outperformed earnings and sales targets for Q2. It maintains a strong forecast for 2024 and enjoys strong analyst support.
Recent innovations by the company include a new Kit Kat flavor and vegan chocolate in Canada. Despite potential job losses due to increased automation, Hershey continues to receive recognition for civic engagement, fair business, employee treatment, and corporate equality. However, its stock is sometimes viewed as overvalued. Dividends have consistently been declared and paid, making it a lucrative investment option. Among insiders, CFO Steven Voskuil recently sold company shares recently, while the majority still shows faith in its growth.
The Hershey Company HSY News Analytics from Tue, 11 Jul 2023 07:00:00 GMT to Sun, 19 May 2024 11:53:42 GMT -
Rating 4
- Innovation 6
- Information 7
- Rumor -2
