The Hershey Company (HSY) has seen an impressive amount of institutional investor activity, with noteworthy share acquisitions by Private Advisor Group LLC, Baillie Gifford & Co., Mirae Asset Global Investments Co. Ltd., and Norden Group LLC.
HSY is credited with a substantial
86% institutional ownership, asserting considerable confidence in the corporation. The company is valued significantly higher by many, which might imply it's overvalued, however others believe it's still undervalued by up to
23%. Unusually,
HSY has been rewarded with top rankings on Fair360's 2024 Top 50 Companies List. Despite reporting potential job losses due to increased automation within the company,
HSY affirms its 2024 net sales and earnings outlook. It appears many hold a positive overall impression of the company, with Wellington Management Group, Douglas Lane & Associates, and Hennessy Advisors making new investments. Nevertheless, HSY's Q4 earnings fell short of expectations due to a low outlook, affecting the company's stock negatively. This points to some uncertainty about the company's future, although many hold a positive perspective on HSY's robust financial performance and outlook.
The Hershey Company HSY News Analytics from Tue, 19 Sep 2023 07:00:00 GMT to Sun, 07 Jul 2024 14:00:59 GMT -
Rating 1
- Innovation 2
- Information 3
- Rumor -5
