The The Hershey Company HSY seems well-liked among hedge funds, with growing institutional ownership at 86%. A SWOT insight reaffirms the company's strengths and initiatives for growth. Performance, however, is mixed. Positive developments include Symmetry Investments LP and Mercer Global Advisors Inc. boosting their holdings, and several strong Q1 and Q2 financial results. The company is also diversifying, turning its candy into energy drinks and protein powders. It has introduced new products, including Spooky Treats for Halloween and a Pink Lemonade Kit Kat, and secured Publicis' 'MiltonONE' as its US media agency. However, some caution is required: short interest is down by 18.1%, Q2 sales targets were missed and the stock dropped after Q2 earning missed expectations. Other challenges include a potential increase in automation leading to job losses and a fallout over high cocoa costs, which could affect Hershey's prices. Costs, though, are expected to come down. Amid this, Hershey remains committed to social responsibility, earning 100% on the 2024 Disability:IN Disability Equality Index and being named to the Civic 50 for its commitment to community well-being.
The Hershey Company HSY News Analytics from Fri, 15 Dec 2023 18:13:59 GMT to Sun, 22 Sep 2024 09:28:17 GMT - Rating 6 - Innovation -1 - Information 7 - Rumor -3
