The Hershey Company (HSY) has recently experienced a lot of investment interest with various asset management and investment firms increasing their stake in the company. These include
Toronto Dominion Bank, Virtu Financial LLC, and
Geode Capital Management LLC, among others. However, Hershey also saw shares sold by some companies. Amid these transactions, rumors could be heard of a potential takeover by
Mondelez, triggering a significant leap in Hershey stocks. Simultaneously, the firm is diversifying its portfolio with the acquisition of
Sour Strips while expanding its confectionary line. However, a cloud dampening the investment buzz is the 'Reduce' recommendation from brokerages and lower rating from Wells Fargo, based on its performance. Furthermore, Hershey suffered a quarterly earnings miss, which analysts incorporated into their models. Despite these challenges, the company is still launching innovative products for events like
Halloween with a view to steady growth. Hershey's sway in the market is underscored by the 86% ownership of its shares by institutional owners. The company also emphasized on its social commitment by inaugurating schools in Côte d'Ivoire.
The Hershey Company HSY News Analytics from Tue, 14 May 2024 07:00:00 GMT to Fri, 13 Dec 2024 13:36:05 GMT -
Rating 6
- Innovation 3
- Information 7
- Rumor -6
