Investment firms continue to show a keen interest in The Hershey Company (HSY), with multiple entities such as Orion Portfolio Solutions, Concurrent Investment Advisors, and Sei Investments Co., increasing their stock positions. The company achieved a 100% score on the 2024 Disability:IN Disability Equality Index for the second year consecutively. Publicis' 'MiltonONE' was chosen as Hershey's agency of record for U.S. media. Financial results for Q1 2024 were released amidst growing interest from heavy hitters due to Hershey's high rate of institutional ownership. The company continues to deliver with strategic insights revealing strong fundamentals, despite an overall stagnant performance. Additionally, Hershey has received recognition for ESG and volunteer efforts and is benefitting from robust buyouts and innovation. News reveals, however, a dip in stock prices and analysts' lowered targets, indicating the potential for an uncertain future market. Amidst this, some insiders have sold their stakes, and automation steps taken by the company could result in job losses, placing the company in a tough spot for the next several months.
The Hershey Company HSY News Analytics from Tue, 19 Sep 2023 07:00:00 GMT to Sun, 21 Jul 2024 14:55:14 GMT - Rating 3 - Innovation 5 - Information 7 - Rumor -3
