The Hershey Company's (HSY) financial position has witnessed significant
trading activity with prominent stakes being reduced or sold by Manufacturers Life Insurance Company, Ossiam, and Belpointe Asset Management LLC, while others such as Northern Trust Corp, 1832 Asset Management, and Oppenheimer & Co. Inc increased their stakes.
Fair360 recognized Hershey as the leading company in 2024, and its 2023 ESG report showcases strong
sustainability goals for the future. Despite the ongoing stakes adjustments, Hershey maintains robust
institutional backing with a high ownership of 85%. The company reaffirmed its net sales and earnings outlook for 2024, despite facing potential difficulties due to increasing automation. A SWOT insight and earnings call transcripts indicate that the company's intrinsic value could be as much as 29% above its share price. High dividends and analyst forecasts suggest that the company holds strong investment potential. However, insider sales indicate potential caution. The company's relationship with cocoa, its core raw material, seems contentious due to price increases and potential shortages, but the firm dominates the candy segment and is diversifying its product offerings, including a limited-edition
Kit Kat Pink Lemonade Bar.
The Hershey Company HSY News Analytics from Tue, 22 Aug 2023 07:00:00 GMT to Sun, 09 Jun 2024 16:27:24 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor -2
