UBS AM, a UBS ASSET MANAGEMENT AMERICAS LLC division, sold 98,484 Hershey Company shares (NYSE:HSY). Despite earnings not fully reflecting Hershey's narrative, some question if it's the most profitable food stock investment. Meanwhile, Hershey's sweets portfolio grows with the
acquisition of Sour Strips. Q3 2024 report highlights reveal cash from other investments activities at $-2 Mil. Several organizations such as
Townsquare Capital LLC and Quantbot Technologies LP has increased their position in Hershey's.
Hershey shares are highly desirable, with a significant proportion trading hands among various firms. Notably, the food giant has been recently evaluated as a blue-chip stock to obtain at 52-week lows. Despite Hershey's
missed earnings and revised full-year sales outlook due to implemented consumer cutbacks, entities maintain or raise their stake in it. Additionally, shares saw transaction activity from heavy hitters such as Citigroup, BNP Paribas, and Swedbank.
Hershey announced new executive leadership with
Michael Del Pozzo as U.S. Confection President and released its
2023 ESG report. Hershey's Q3 earnings missed targets with a downward revision in its view due to weak consumer trends. Improved efforts to enhance dividends, inaugurate schools, enter long-term agreements, and energy drinks & protein powders alliances reflect survivability.
The Hershey Company HSY News Analytics from Tue, 16 Apr 2024 07:00:00 GMT to Sat, 30 Nov 2024 10:42:18 GMT -
Rating -5
- Innovation 4
- Information 7
- Rumor 3
