The Hershey Company (HSY) has a core group of
institutional shareholders who own between 86% to 89% of the company. Its stock position has been impacted by movements from diverse entities such as Confluence Investment Management LLC, Geode Capital Management LLC, and Fmr LLC. The company has been focusing on portfolio diversification, most notably through its
acquisition of Sour Strips. Despite diversification and other strategic shifts, HSY's share price has been negatively affected by several factors. These include a reduction in full-year sales outlook, layoffs, and a notable detection of banned PFAS in its product packaging. There's also news about
rising cocoa prices potentially influencing HSY's future stability. High-profile personality Rep. Marjorie Taylor Greene recently purchased HSY shares, while news of HSY's potential takeover sparked stock positivity. However, the company's main owner rejected an offer from Mondelez as too low. Observably, HSY's 2024 Q3 performance was less than stellar, underlined by a reduction in sales and earnings due to high costs and low consumer demand.
The Hershey Company HSY News Analytics from Thu, 08 Feb 2024 08:00:00 GMT to Fri, 03 Jan 2025 11:00:31 GMT -
Rating -5
- Innovation 2
- Information 6
- Rumor -4
